Fmr LLC grew its stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY – Free Report) by 1,085.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,075 shares of the asset manager’s stock after buying an additional 9,225 shares during the quarter. Fmr LLC’s holdings in B. Riley Financial were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new stake in B. Riley Financial during the second quarter worth approximately $2,049,000. Davies Financial Advisors Inc. acquired a new stake in shares of B. Riley Financial in the second quarter valued at $2,006,000. TrueMark Investments LLC acquired a new position in B. Riley Financial during the second quarter worth about $1,197,000. B. Riley Wealth Advisors Inc. raised its position in B. Riley Financial by 239.7% in the second 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. Finally, Marshall Wace LLP acquired a new stake in B. Riley Financial in the 2nd quarter valued at about $509,000. 50.20% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of B. Riley Financial to a “sell” rating in a research note on Monday, November 18th.
B. Riley Financial Price Performance
Shares of NASDAQ:RILY opened at $4.85 on Wednesday. The company has a market capitalization of $146.93 million, a PE ratio of -0.97 and a beta of 1.24. 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 stock has a fifty day moving average of $5.36 and a 200-day moving average of $9.54. B. Riley Financial, Inc. has a one year low of $4.07 and a one year high of $40.09.
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.
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