B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.93 and traded as low as $2.87. B. Riley Financial shares last traded at $2.99, with a volume of 493,682 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of B. Riley Financial to a "sell" rating in a report on Monday, February 24th.
Get Our Latest Report on B. Riley Financial
B. Riley Financial Stock Performance
The company has a market capitalization of $90.27 million, a PE ratio of -0.14 and a beta of 1.34. The stock's fifty day simple moving average is $3.92 and its 200-day simple moving average is $4.61.
B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The asset manager reported ($4.97) EPS for the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%. The company had revenue of $199.31 million for the quarter.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Albion Financial Group UT acquired a new position in shares of B. Riley Financial during the 4th quarter valued at about $30,000. Wells Fargo & Company MN increased its stake in shares of B. Riley Financial by 44.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager's stock valued at $44,000 after acquiring an additional 2,952 shares during the last quarter. Jones Financial Companies Lllp increased its position in 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 worth $45,000 after purchasing an additional 8,865 shares in the last quarter. Intech Investment Management LLC acquired a new stake in B. Riley Financial during the 4th quarter worth approximately $46,000. Finally, Toronto Dominion Bank increased its position 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 purchasing an additional 20,003 shares in the last quarter. Institutional investors and hedge funds own 50.20% of the company's stock.
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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