Point72 Asia Singapore Pte. Ltd. Acquires Shares of 5,601 B. Riley Financial, Inc. (NASDAQ:RILY)

Point72 Asia Singapore Pte. Ltd. bought a new stake in B. Riley Financial, Inc. (NASDAQ:RILY) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,601 shares of the asset manager’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds have also modified their holdings of RILY. Vanguard Group Inc. lifted its stake in B. Riley Financial by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,253,591 shares of the asset manager’s stock valued at $26,539,000 after buying an additional 6,622 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of B. Riley Financial by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 132,168 shares of the asset manager’s stock valued at $2,331,000 after acquiring an additional 5,755 shares during the last quarter. TrueMark Investments LLC purchased a new position in shares of B. Riley Financial in the second quarter valued at approximately $1,197,000. Davies Financial Advisors Inc. acquired a new stake in shares of B. Riley Financial in the second quarter worth approximately $2,006,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of B. Riley Financial during the second quarter worth approximately $2,049,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Stock Performance

NASDAQ:RILY opened at $5.19 on Friday. The company has a market cap of $157.26 million, a P/E ratio of -1.04 and a beta of 1.24. B. Riley Financial, Inc. has a twelve month low of $4.07 and a twelve month high of $40.09. The company’s 50-day moving average price is $5.32 and its 200-day moving average price is $11.46. The company has a current ratio of 4.88, a quick ratio of 4.88 and a debt-to-equity ratio of 13.99.

Analysts Set New Price Targets

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

B. Riley Financial Profile

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.