Nantahala Capital Management LLC Has $423,000 Stake in B. Riley Financial, Inc. (NASDAQ:RILY)

Nantahala Capital Management LLC cut its position in shares of B. Riley Financial, Inc. (NASDAQ:RILY) by 61.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,976 shares of the asset manager’s stock after selling 38,544 shares during the quarter. Nantahala Capital Management LLC owned about 0.08% of B. Riley Financial worth $423,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. raised its position in shares of B. Riley Financial by 239.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 77,552 shares of the asset manager’s stock worth $1,368,000 after acquiring an additional 54,721 shares in the last quarter. Marshall Wace LLP acquired a new stake in B. Riley Financial during the second quarter worth approximately $509,000. Public Sector Pension Investment Board increased its holdings in B. Riley Financial by 5.0% in the second quarter. Public Sector Pension Investment Board now owns 36,008 shares of the asset manager’s stock worth $635,000 after purchasing an additional 1,729 shares in the last quarter. Ensign Peak Advisors Inc bought a new position in shares of B. Riley Financial during the 2nd quarter worth approximately $190,000. Finally, Intech Investment Management LLC acquired a new stake in shares of B. Riley Financial during the 2nd quarter worth approximately $254,000. Institutional investors own 50.20% of the company’s stock.

B. Riley Financial Price Performance

RILY stock opened at $5.25 on Tuesday. 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 company’s 50-day moving average is $9.17 and its 200-day moving average is $18.41. The stock has a market capitalization of $159.05 million, a PE ratio of -1.05 and a beta of 1.29. B. Riley Financial, Inc. has a 1 year low of $4.51 and a 1 year high of $43.41.

Analysts Set New Price Targets

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

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.