Sanctuary Advisors LLC Has $74,000 Stake in B. Riley Financial, Inc. (NASDAQ:RILY)

Sanctuary Advisors LLC decreased its position in shares of B. Riley Financial, Inc. (NASDAQ:RILY) by 19.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,928 shares of the asset manager’s stock after selling 3,796 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.05% of B. Riley Financial worth $74,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Straight Path Wealth Management lifted its holdings in B. Riley Financial by 30.0% during the 3rd quarter. Straight Path Wealth Management now owns 84,500 shares of the asset manager’s stock worth $444,000 after buying an additional 19,500 shares during the period. XTX Topco Ltd lifted its holdings in B. Riley Financial by 72.9% during the 3rd quarter. XTX Topco Ltd now owns 33,755 shares of the asset manager’s stock worth $177,000 after buying an additional 14,232 shares during the period. Point72 DIFC Ltd acquired a new position in B. Riley Financial during the 3rd quarter worth about $70,000. BNP Paribas Financial Markets lifted its holdings in B. Riley Financial by 136.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock worth $114,000 after buying an additional 12,557 shares during the period. Finally, FMR LLC lifted its holdings in B. Riley Financial by 1,085.3% during the 3rd quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock worth $53,000 after buying an additional 9,225 shares during the period. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Trading Down 7.9 %

RILY stock opened at $5.25 on Friday. The stock has a 50-day moving average price of $4.64 and a 200-day moving average price of $5.13. B. Riley Financial, Inc. has a 1-year low of $2.73 and a 1-year high of $40.09. The firm has a market cap of $160.11 million, a PE ratio of -0.25 and a beta of 1.30.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings data on Friday, February 21st. The asset manager reported ($4.97) earnings per share for the quarter. B. Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%. The business had revenue of $199.31 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised B. Riley Financial to a “sell” rating in a report on Monday, February 24th.

B. Riley Financial Company 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.