B. Riley Wealth Advisors Inc. Sells 28,914 Shares of B. Riley Financial, Inc. (NASDAQ:RILY)

B. Riley Wealth Advisors Inc. lessened its holdings in shares of B. Riley Financial, Inc. (NASDAQ:RILY) by 37.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,638 shares of the asset manager’s stock after selling 28,914 shares during the period. B. Riley Wealth Advisors Inc. owned 0.16% of B. Riley Financial worth $253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in B. Riley Financial during the 3rd quarter valued at about $29,000. Ariadne Wealth Management LP purchased a new position in shares of B. Riley Financial during the second quarter valued at approximately $103,000. FMR LLC boosted its position in shares of B. Riley Financial by 1,085.3% in the 3rd quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock worth $53,000 after purchasing an additional 9,225 shares in the last quarter. Ensign Peak Advisors Inc purchased a new stake in shares of B. Riley Financial in the 2nd quarter worth approximately $190,000. Finally, Point72 DIFC Ltd bought a new position in B. Riley Financial during the 3rd quarter valued at approximately $70,000. 50.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised B. Riley Financial to a “sell” rating in a research note on Monday, November 18th.

B. Riley Financial Stock Down 2.2 %

NASDAQ:RILY opened at $4.98 on Friday. The company has a debt-to-equity ratio of 13.99, a quick ratio of 4.88 and a current ratio of 4.88. The firm has a market cap of $150.87 million, a P/E ratio of -0.99 and a beta of 1.24. B. Riley Financial, Inc. has a fifty-two week low of $4.07 and a fifty-two week high of $40.09. The firm has a 50-day simple moving average of $5.37 and a two-hundred day simple moving average of $9.98.

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.