B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.03 and traded as low as $2.86. B. Riley Financial shares last traded at $2.93, with a volume of 957,151 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of B. Riley Financial to a "sell" rating in a research note on Monday, February 24th.
Read Our Latest Research Report on RILY
B. Riley Financial Price Performance
The stock has a 50-day moving average price of $3.04 and a 200-day moving average price of $3.95. The firm has a market capitalization of $91.50 million, a PE ratio of -0.11 and a beta of 1.46.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of RILY. Vident Advisory LLC bought a new stake in B. Riley Financial in the first quarter valued at $41,000. Wells Fargo & Company MN lifted its position in B. Riley Financial by 44.8% in the 4th 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 last quarter. Jones Financial Companies Lllp boosted its stake 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 valued at $45,000 after purchasing an additional 8,865 shares during the period. Intech Investment Management LLC bought a new position in B. Riley Financial in the 4th quarter worth about $46,000. Finally, Toronto Dominion Bank increased its stake in shares of B. Riley Financial by 666,766.7% in the fourth quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager's stock valued at $92,000 after purchasing an additional 20,003 shares during the period. 50.20% of the stock is currently owned by institutional investors.
B. Riley Financial Company Profile
(
Get Free Report)
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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