B. Riley Financial, Inc. (NASDAQ:RILY) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in B. Riley Financial, Inc. (NASDAQ:RILY) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 132,168 shares of the asset manager’s stock after acquiring an additional 5,755 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.44% of B. Riley Financial worth $2,331,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in RILY. Charles Schwab Investment Management Inc. lifted its position in shares of B. Riley Financial by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 326,428 shares of the asset manager’s stock worth $6,852,000 after buying an additional 49,973 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of B. Riley Financial by 818.2% in the 4th quarter. BNP Paribas Financial Markets now owns 181,449 shares of the asset manager’s stock worth $3,809,000 after buying an additional 161,687 shares in the last quarter. Olympiad Research LP lifted its holdings in B. Riley Financial by 119.1% in the 4th quarter. Olympiad Research LP now owns 21,193 shares of the asset manager’s stock valued at $445,000 after acquiring an additional 11,522 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in B. Riley Financial during the fourth quarter valued at approximately $309,000. Finally, Quadrature Capital Ltd bought a new stake in shares of B. Riley Financial during the 4th quarter worth $1,001,000. 50.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of B. Riley Financial to a “sell” rating in a research note on Wednesday, August 14th.

B. Riley Financial Stock Performance

RILY opened at $5.75 on Tuesday. The stock has a 50-day moving average of $11.75 and a 200-day moving average of $19.56. B. Riley Financial, Inc. has a 52-week low of $4.51 and a 52-week high of $45.70. The company has a debt-to-equity ratio of 13.99, a quick ratio of 4.88 and a current ratio of 4.88. The company has a market cap of $174.23 million, a PE ratio of -1.13 and a beta of 1.29.

B. Riley Financial Company 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.