B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report)'s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.47 and traded as low as $5.20. B. Riley Financial shares last traded at $5.48, with a volume of 1,138,023 shares traded.
Analyst Ratings Changes
Separately, StockNews.com upgraded B. Riley Financial to a "sell" rating in a research note on Tuesday, October 15th.
Get Our Latest Analysis on RILY
B. Riley Financial Stock Performance
The business's 50-day moving average is $5.46 and its two-hundred day moving average is $15.42. The company has a current ratio of 4.88, a quick ratio of 4.88 and a debt-to-equity ratio of 13.99.
Hedge Funds Weigh In On B. Riley Financial
A number of hedge funds and other institutional investors have recently modified their holdings of RILY. Vanguard Group Inc. boosted its holdings in shares of B. Riley Financial by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,253,591 shares of the asset manager's stock worth $26,539,000 after buying an additional 6,622 shares during the last quarter. Davies Financial Advisors Inc. grew its position in shares of B. Riley Financial by 95.1% during the 3rd quarter. Davies Financial Advisors Inc. now owns 221,960 shares of the asset manager's stock valued at $1,165,000 after acquiring an additional 108,215 shares during the period. Bank of New York Mellon Corp grew its position in shares of B. Riley Financial by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 132,168 shares of the asset manager's stock valued at $2,331,000 after acquiring an additional 5,755 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of B. Riley Financial during the 2nd quarter worth approximately $2,049,000. Finally, Straight Path Wealth Management raised its holdings in shares of B. Riley Financial by 30.0% in the 3rd quarter. Straight Path Wealth Management now owns 84,500 shares of the asset manager's stock worth $444,000 after purchasing an additional 19,500 shares during the period. Hedge funds and other institutional investors own 50.20% of the company's stock.
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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