B. Riley Financial, Inc. (NASDAQ:RILY) Shares Sold by State Street Corp

State Street Corp cut its position in shares of B. Riley Financial, Inc. (NASDAQ:RILY - Free Report) by 46.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 481,755 shares of the asset manager's stock after selling 424,880 shares during the quarter. State Street Corp owned 1.59% of B. Riley Financial worth $2,529,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new stake in shares of B. Riley Financial in the second quarter valued at approximately $2,049,000. FMR LLC lifted its stake in B. Riley Financial by 1,085.3% in the 3rd quarter. FMR LLC now owns 10,075 shares of the asset manager's stock valued at $53,000 after buying an additional 9,225 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in B. Riley Financial by 136.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager's stock valued at $114,000 after buying an additional 12,557 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in B. Riley Financial during the 2nd quarter valued at $190,000. Finally, B. Riley Wealth Advisors Inc. increased its position in B. Riley Financial by 239.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 77,552 shares of the asset manager's stock worth $1,368,000 after buying an additional 54,721 shares in the last quarter. 50.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded B. Riley Financial to a "sell" rating in a research report on Wednesday, December 25th.

B. Riley Financial Trading Up 1.3 %

NASDAQ:RILY traded up $0.06 on Wednesday, reaching $4.59. The stock had a trading volume of 815,496 shares, compared to its average volume of 1,844,671. The company has a market cap of $139.05 million, a price-to-earnings ratio of -0.92 and a beta of 1.24. B. Riley Financial, Inc. has a 12-month low of $4.07 and a 12-month high of $40.09. The company has a debt-to-equity ratio of 13.99, a current ratio of 4.88 and a quick ratio of 4.88. The firm's fifty day moving average is $5.22 and its two-hundred day moving average is $8.89.

B. Riley Financial Profile

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.