B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.68 and traded as high as $7.42. B. Riley Financial shares last traded at $6.75, with a volume of 1,467,199 shares traded.
B. Riley Financial Trading Down 5.7%
The firm has a 50 day simple moving average of $5.68 and a two-hundred day simple moving average of $4.17. The company has a market capitalization of $205.88 million, a PE ratio of -0.27 and a beta of 1.46.
B. Riley Financial (NASDAQ:RILY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The asset manager reported ($7.74) EPS for the quarter. The firm had revenue of $201.38 million during the quarter.
Institutional Investors Weigh In On B. Riley Financial
A number of hedge funds and other institutional investors have recently bought and sold shares of RILY. Charles Schwab Investment Management Inc. grew its stake in B. Riley Financial by 110.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 417,155 shares of the asset manager's stock valued at $1,614,000 after acquiring an additional 219,114 shares during the period. Federated Hermes Inc. grew its position in B. Riley Financial by 78.0% during the second quarter. Federated Hermes Inc. now owns 179,960 shares of the asset manager's stock worth $534,000 after buying an additional 78,847 shares in the last quarter. Invesco Ltd. lifted its stake in B. Riley Financial by 4.6% during the first quarter. Invesco Ltd. now owns 161,794 shares of the asset manager's stock worth $626,000 after purchasing an additional 7,160 shares during the last quarter. Straight Path Wealth Management lifted its stake in shares of B. Riley Financial by 12.2% in the 1st quarter. Straight Path Wealth Management now owns 93,500 shares of the asset manager's stock valued at $362,000 after acquiring an additional 10,200 shares during the last quarter. Finally, XTX Topco Ltd increased its holdings in B. Riley Financial by 4.2% in the second quarter. XTX Topco Ltd now owns 62,517 shares of the asset manager's stock valued at $186,000 after purchasing an additional 2,531 shares during the period. 50.20% of the stock is owned by institutional investors and hedge funds.
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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