State Street Corp Decreases Stock Holdings in B. Riley Financial, Inc. (NASDAQ:RILY)

State Street Corp lowered its stake in B. Riley Financial, Inc. (NASDAQ:RILY) by 46.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 481,755 shares of the asset manager’s stock after selling 424,880 shares during the quarter. State Street Corp owned 1.59% of B. Riley Financial worth $2,529,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RILY. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of B. Riley Financial during the 3rd quarter valued at $29,000. FMR LLC increased its position in B. Riley Financial by 1,085.3% during the third quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock valued at $53,000 after acquiring an additional 9,225 shares during the last quarter. Point72 DIFC Ltd bought a new position in B. Riley Financial in the third quarter valued at about $70,000. Ariadne Wealth Management LP purchased a new position in B. Riley Financial in the second quarter worth about $103,000. Finally, BNP Paribas Financial Markets boosted its position in B. Riley Financial by 136.0% in the third quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock worth $114,000 after purchasing an additional 12,557 shares during the last quarter. Institutional investors own 50.20% of the company’s stock.

B. Riley Financial Stock Up 1.3 %

Shares of RILY stock opened at $4.59 on Wednesday. The company has a current ratio of 4.88, a quick ratio of 4.88 and a debt-to-equity ratio of 13.99. B. Riley Financial, Inc. has a 12 month low of $4.07 and a 12 month high of $40.09. The stock has a market cap of $139.05 million, a P/E ratio of -0.92 and a beta of 1.24. The company has a 50 day simple moving average of $5.24 and a two-hundred day simple moving average of $8.93.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of B. Riley Financial to a “sell” rating in a research report on Wednesday, December 25th.

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.