B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.35 and traded as low as $2.97. B. Riley Financial shares last traded at $3.02, with a volume of 10,575,667 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of B. Riley Financial to a "sell" rating in a research note on Monday, February 24th.
Get Our Latest Stock Report on B. Riley Financial
B. Riley Financial Stock Up 3.7%
The company has a market cap of $93.32 million, a P/E ratio of -0.15 and a beta of 1.45. The business has a fifty day simple moving average of $3.26 and a two-hundred day simple moving average of $4.26.
B. Riley Financial (NASDAQ:RILY - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The asset manager reported ($4.97) EPS for the quarter. The business had revenue of $199.31 million for the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%.
Institutional Investors Weigh In On B. Riley Financial
Several hedge funds and other institutional investors have recently modified their holdings of RILY. Wells Fargo & Company MN grew its holdings in B. Riley Financial by 44.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager's stock valued at $44,000 after purchasing an additional 2,952 shares during the period. Jones Financial Companies Lllp grew its stake in shares of B. Riley Financial by 1,049.1% during the 4th quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager's stock valued at $45,000 after acquiring an additional 8,865 shares during the period. Intech Investment Management LLC purchased a new stake in B. Riley Financial in the 4th quarter worth approximately $46,000. Vident Advisory LLC bought a new stake in B. Riley Financial during the 1st quarter worth approximately $41,000. Finally, Toronto Dominion Bank raised its stake in B. Riley Financial by 666,766.7% during the 4th quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager's stock worth $92,000 after acquiring an additional 20,003 shares during the period. 50.20% of the stock is currently owned by hedge funds and other institutional investors.
About B. Riley Financial
(
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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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