Two Sigma Investments LP lessened its stake in B. Riley Financial, Inc. (NASDAQ:RILY - Free Report) by 74.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,220 shares of the asset manager's stock after selling 139,740 shares during the quarter. Two Sigma Investments LP owned approximately 0.16% of B. Riley Financial worth $226,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in RILY. Federated Hermes Inc. grew its position in shares of B. Riley Financial by 144.1% in the fourth 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. Toronto Dominion Bank grew its position 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. Intech Investment Management LLC acquired a new stake in shares of B. Riley Financial in the fourth quarter valued at about $46,000. Jones Financial Companies Lllp grew its position in shares of 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 purchasing an additional 8,865 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of B. Riley Financial by 44.8% in the fourth 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 period. Hedge funds and other institutional investors own 50.20% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of B. Riley Financial to a "sell" rating in a research report on Monday, February 24th.
Read Our Latest Stock Report on RILY
B. Riley Financial Stock Down 3.0%
Shares of NASDAQ RILY traded down $0.09 during trading on Friday, hitting $2.93. The company had a trading volume of 560,069 shares, compared to its average volume of 1,954,051. The stock has a fifty day simple moving average of $3.05 and a two-hundred day simple moving average of $4.07. B. Riley Financial, Inc. has a fifty-two week low of $2.67 and a fifty-two week high of $21.18. The firm has a market capitalization of $89.36 million, a price-to-earnings ratio of -0.14 and a beta of 1.46.
B. Riley Financial Company Profile
(
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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