Texas Permanent School Fund Corp raised its stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY – Free Report) by 88.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,774 shares of the asset manager’s stock after purchasing an additional 12,545 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.09% of B. Riley Financial worth $472,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Bayesian Capital Management LP purchased a new position in B. Riley Financial during the 1st quarter valued at $245,000. Russell Investments Group Ltd. purchased a new position in B. Riley Financial during the 1st quarter valued at $254,000. Capstone Investment Advisors LLC purchased a new position in B. Riley Financial during the 4th quarter valued at $309,000. Axxcess Wealth Management LLC purchased a new position in B. Riley Financial during the 1st quarter valued at $394,000. Finally, Ridgewood Investments LLC boosted its holdings in shares of B. Riley Financial by 33.3% during the 1st quarter. Ridgewood Investments LLC now owns 19,489 shares of the asset manager’s stock valued at $413,000 after buying an additional 4,866 shares in the last quarter. 50.20% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of B. Riley Financial to a “sell” rating in a report on Wednesday, August 14th.
B. Riley Financial Stock Performance
Shares of RILY stock opened at $5.80 on Friday. B. Riley Financial, Inc. has a 12 month low of $4.51 and a 12 month high of $43.87. The stock has a market cap of $175.71 million, a PE ratio of -1.16 and a beta of 1.29. The company has a current ratio of 4.88, a quick ratio of 4.88 and a debt-to-equity ratio of 13.99. The company’s fifty day moving average price is $10.66 and its 200-day moving average price is $19.08.
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.
See Also
- Five stocks we like better than B. Riley Financial
- What is a Stock Market Index and How Do You Use Them?
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- What is the Dogs of the Dow Strategy? Overview and Examples
- MarketBeat Week in Review – 9/16 – 9/20
- Conference Calls and Individual Investors
- Don’t Miss These 3 Retail Stocks for Fall Gains
Want to see what other hedge funds are holding RILY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for B. Riley Financial, Inc. (NASDAQ:RILY – Free Report).
Receive News & Ratings for B. Riley Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B. Riley Financial and related companies with MarketBeat.com's FREE daily email newsletter.
