B. Riley Financial (NASDAQ:RILY) Posts Quarterly Earnings Results

Key Points

• B. Riley Financial reported a **loss** of **$7.74** earnings per share (EPS) for the quarter, with total revenue of **$201.38 million**.
• The company's stock has **decreased by 1.3%**, trading at **$6.82** with a market capitalization of **$208.01 million**.
• Institutional investors increased their stakes significantly, with Russell Investments Group lifting its stake by **144.9%** in the second quarter.

B. Riley Financial (NASDAQ:RILY - Get Free Report) posted its quarterly earnings data on Wednesday, August 13th. The asset manager reported ($7.74) EPS for the quarter, Zacks reports. The company had revenue of $201.38 million for the quarter.

B. Riley Financial Stock Down 2.4%

NASDAQ RILY traded down $0.15 on Wednesday, reaching $6.09. 667,945 shares of the stock traded hands, compared to its average volume of 1,434,485. B. Riley Financial has a 12 month low of $2.67 and a 12 month high of $9.05. The company has a market cap of $185.75 million, a price-to-earnings ratio of -0.24 and a beta of 1.45. The firm's fifty day simple moving average is $4.56 and its 200 day simple moving average is $3.99.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in B. Riley Financial by 144.9% during the second quarter. Russell Investments Group Ltd. now owns 14,504 shares of the asset manager's stock worth $43,000 after acquiring an additional 8,582 shares during the period. Jump Financial LLC bought a new position in shares of B. Riley Financial during the 2nd quarter valued at about $45,000. Engineers Gate Manager LP boosted its position in shares of B. Riley Financial by 70.0% during the 2nd quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager's stock valued at $51,000 after purchasing an additional 7,044 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of B. Riley Financial in the 2nd quarter worth approximately $154,000. Finally, XTX Topco Ltd grew its stake in shares of B. Riley Financial by 4.2% in the 2nd quarter. XTX Topco Ltd now owns 62,517 shares of the asset manager's stock worth $186,000 after purchasing an additional 2,531 shares during the last quarter. Institutional investors own 50.20% of the company's stock.

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.