BNP Paribas Financial Markets Increases Position in B. Riley Financial, Inc. (NASDAQ:RILY)

BNP Paribas Financial Markets lifted its position in B. Riley Financial, Inc. (NASDAQ:RILY) by 136.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,787 shares of the asset manager’s stock after buying an additional 12,557 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.07% of B. Riley Financial worth $114,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in RILY. Ariadne Wealth Management LP acquired a new stake in shares of B. Riley Financial in the second quarter valued at $103,000. FMR LLC increased its stake in shares of B. Riley Financial by 1,085.3% during the third quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock worth $53,000 after buying an additional 9,225 shares during the period. Ensign Peak Advisors Inc acquired a new stake in B. Riley Financial in the second quarter valued at approximately $190,000. Intech Investment Management LLC purchased a new position in B. Riley Financial in the second quarter worth approximately $254,000. Finally, XTX Topco Ltd lifted its stake in B. Riley Financial by 26.4% in the second quarter. XTX Topco Ltd now owns 19,523 shares of the asset manager’s stock worth $344,000 after acquiring an additional 4,072 shares during the last quarter. Institutional investors and hedge funds own 50.20% of the company’s stock.

Wall Street Analyst Weigh In

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

B. Riley Financial Stock Performance

NASDAQ:RILY opened at $4.89 on Thursday. B. Riley Financial, Inc. has a 12 month low of $4.07 and a 12 month high of $40.09. The company has a debt-to-equity ratio of 13.99, a current ratio of 4.88 and a quick ratio of 4.88. The firm has a market capitalization of $148.14 million, a PE ratio of -0.98 and a beta of 1.24. The business’s fifty day moving average price is $5.34 and its 200 day moving average price is $10.18.

B. Riley Financial Company 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.