B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.74 and traded as low as $2.80. B. Riley Financial shares last traded at $2.86, with a volume of 417,135 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of B. Riley Financial to a "sell" rating in a research note on Monday, February 24th.
Get Our Latest Research Report on B. Riley Financial
B. Riley Financial Price Performance
The business's 50 day simple moving average is $3.57 and its 200 day simple moving average is $4.47. The stock has a market cap of $92.10 million, a P/E ratio of -0.14 and a beta of 1.45.
B. Riley Financial (NASDAQ:RILY - Get Free Report) last issued its earnings results on Friday, February 21st. The asset manager reported ($4.97) EPS for the quarter. The firm had revenue of $199.31 million during 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
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of B. Riley Financial by 37.6% in the third quarter. JPMorgan Chase & Co. now owns 21,658 shares of the asset manager's stock worth $114,000 after acquiring an additional 5,920 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in B. Riley Financial by 1,049.1% in the fourth 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 last quarter. Intech Investment Management LLC acquired a new stake in B. Riley Financial in the fourth quarter worth about $46,000. Albion Financial Group UT bought a new stake in B. Riley Financial during the 4th quarter worth about $30,000. Finally, Federated Hermes Inc. lifted its position in B. Riley Financial by 144.1% during the 4th quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager's stock valued at $248,000 after purchasing an additional 31,835 shares during the period. 50.20% of the stock is owned by institutional investors and hedge funds.
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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