6,500 Shares in B. Riley Financial, Inc. (NASDAQ:RILY) Bought by Albion Financial Group UT

Albion Financial Group UT purchased a new stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,500 shares of the asset manager’s stock, valued at approximately $30,000.

A number of other large investors have also added to or reduced their stakes in the company. Davies Financial Advisors Inc. raised its holdings in shares of B. Riley Financial by 95.1% during the third quarter. Davies Financial Advisors Inc. now owns 221,960 shares of the asset manager’s stock valued at $1,165,000 after acquiring an additional 108,215 shares in the last quarter. Straight Path Wealth Management increased its position in B. Riley Financial by 30.0% during the 3rd quarter. Straight Path Wealth Management now owns 84,500 shares of the asset manager’s stock valued at $444,000 after purchasing an additional 19,500 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of B. Riley Financial by 239.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 77,552 shares of the asset manager’s stock worth $1,368,000 after purchasing an additional 54,721 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of B. Riley Financial by 5.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 36,008 shares of the asset manager’s stock valued at $635,000 after purchasing an additional 1,729 shares in the last quarter. Finally, XTX Topco Ltd increased its position in shares of B. Riley Financial by 72.9% during the third quarter. XTX Topco Ltd now owns 33,755 shares of the asset manager’s stock valued at $177,000 after buying an additional 14,232 shares during the period. Institutional investors own 50.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of B. Riley Financial to a “sell” rating in a report on Tuesday, January 14th.

B. Riley Financial Stock Down 1.9 %

Shares of RILY stock opened at $4.65 on Thursday. The business’s fifty day moving average is $4.96 and its 200 day moving average is $7.47. The stock has a market cap of $141.83 million, a price-to-earnings ratio of -0.22 and a beta of 1.30. B. Riley Financial, Inc. has a twelve month low of $3.94 and a twelve month high of $40.09.

B. Riley Financial (NASDAQ:RILY) last released its earnings results on Monday, January 13th. The asset manager reported ($14.35) earnings per share for the quarter. B. Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%.

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.