B. Riley Financial (NASDAQ:RILY) Stock Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• B. Riley Financial stock has recently traded above its 50-day moving average of $3.54, reaching a high of $6.12 and closing at $5.95.
• The company has seen significant activity among institutional investors, with over 50% of its stock owned by hedge funds and other institutions.
• B. Riley Financial operates through six segments, providing financial services across multiple regions, including North America, Australia, and Europe.

B. Riley Financial, Inc. (NASDAQ:RILY - ) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.54 and traded as high as $6.12. B. Riley Financial shares last traded at $5.95, with a volume of 1,767,074 shares.

B. Riley Financial Price Performance

The firm has a fifty day moving average price of $3.54 and a two-hundred day moving average price of $3.85. The stock has a market capitalization of $181.46 million, a PE ratio of -0.21 and a beta of 1.43.

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 increased its holdings in 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 worth $44,000 after purchasing an additional 2,952 shares during the period. Intech Investment Management LLC purchased a new position in B. Riley Financial during the 4th quarter worth $46,000. Vident Advisory LLC purchased a new position in B. Riley Financial during the 1st quarter worth $41,000. Toronto Dominion Bank increased its holdings 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 during the period. Finally, Federated Hermes Inc. increased its holdings 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 worth $248,000 after purchasing an additional 31,835 shares during the period. 50.20% of the stock is currently owned by hedge funds and other institutional investors.

About B. Riley Financial

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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