UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Holdings in B. Riley Financial, Inc. (NASDAQ:RILY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in B. Riley Financial, Inc. (NASDAQ:RILY) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,677 shares of the asset manager’s stock after selling 2,772 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.09% of B. Riley Financial worth $151,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Public Sector Pension Investment Board raised its holdings in B. Riley Financial by 5.0% in the 2nd 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 during the period. Inspire Investing LLC increased its position in B. Riley Financial by 17.4% in the second quarter. Inspire Investing LLC now owns 20,004 shares of the asset manager’s stock worth $353,000 after buying an additional 2,968 shares in the last quarter. XTX Topco Ltd raised its stake in shares of B. Riley Financial by 26.4% in 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 during the period. Bank of New York Mellon Corp raised its stake in shares of B. Riley Financial by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 132,168 shares of the asset manager’s stock worth $2,331,000 after buying an additional 5,755 shares during the period. Finally, Ariadne Wealth Management LP purchased a new position in shares of B. Riley Financial during the 2nd quarter valued at about $103,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Trading Down 2.2 %

Shares of RILY opened at $4.98 on Friday. The firm has a market cap of $150.87 million, a P/E ratio of -0.99 and a beta of 1.24. The company has a debt-to-equity ratio of 13.99, a current ratio of 4.88 and a quick ratio of 4.88. B. Riley Financial, Inc. has a 1 year low of $4.07 and a 1 year high of $40.09. The company has a 50 day simple moving average of $5.37 and a two-hundred day simple moving average of $9.98.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of B. Riley Financial to a “sell” rating in a research note on Monday, November 18th.

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.