B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.56 and traded as high as $4.61. B. Riley Financial shares last traded at $4.22, with a volume of 1,417,312 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of B. Riley Financial to a "sell" rating in a research note on Monday, February 24th.
View Our Latest Stock Report on RILY
B. Riley Financial Trading Down 3.3 %
The stock has a market cap of $118.02 million, a P/E ratio of -0.19 and a beta of 1.23. The business has a 50-day simple moving average of $4.50 and a 200 day simple moving average of $4.94.
B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The asset manager reported ($4.97) EPS for the quarter. The company had revenue of $199.31 million during the quarter. B. Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%.
Institutional Investors Weigh In On B. Riley Financial
Several large investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in B. Riley Financial during the third quarter valued at $29,000. Albion Financial Group UT acquired a new position in shares of B. Riley Financial in the 4th quarter valued at about $30,000. Wells Fargo & Company MN boosted its position in shares of B. Riley Financial by 44.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager's stock valued at $44,000 after purchasing an additional 2,952 shares in the last quarter. Jones Financial Companies Lllp grew its stake in B. Riley Financial by 1,049.1% during the fourth quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager's stock worth $45,000 after purchasing an additional 8,865 shares during the period. Finally, Intech Investment Management LLC bought a new stake in B. Riley Financial in the fourth quarter worth approximately $46,000. 50.20% of the stock is currently owned by institutional investors and hedge funds.
About B. Riley Financial
(
Get Free Report)
B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.
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