19,724 Shares in B. Riley Financial, Inc. (NASDAQ:RILY) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,724 shares of the asset manager’s stock, valued at approximately $100,000. Sanctuary Advisors LLC owned about 0.07% of B. Riley Financial as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Public Sector Pension Investment Board boosted its stake in shares of B. Riley Financial by 5.0% during the second quarter. Public Sector Pension Investment Board now owns 36,008 shares of the asset manager’s stock valued at $635,000 after acquiring an additional 1,729 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of B. Riley Financial by 17.4% during the 2nd quarter. Inspire Investing LLC now owns 20,004 shares of the asset manager’s stock worth $353,000 after purchasing an additional 2,968 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of B. Riley Financial by 26.4% during the second quarter. XTX Topco Ltd now owns 19,523 shares of the asset manager’s stock worth $344,000 after buying an additional 4,072 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of B. Riley Financial in the third quarter valued at approximately $29,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of B. Riley Financial by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 132,168 shares of the asset manager’s stock valued at $2,331,000 after buying an additional 5,755 shares during the period. Hedge funds and other institutional investors own 50.20% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of B. Riley Financial to a “sell” rating in a research note on Wednesday, December 25th.

B. Riley Financial Price Performance

Shares of NASDAQ:RILY opened at $4.53 on Tuesday. The company has a market cap of $137.24 million, a P/E ratio of -0.90 and a beta of 1.24. The business has a fifty day simple moving average of $5.30 and a 200-day simple moving average of $9.16. B. Riley Financial, Inc. has a 52 week low of $4.07 and a 52 week high of $40.09. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99.

About B. Riley Financial

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.