BNP Paribas Financial Markets Decreases Holdings in B. Riley Financial, Inc. (NASDAQ:RILY)

BNP Paribas Financial Markets trimmed its holdings in shares of B. Riley Financial, Inc. (NASDAQ:RILY) by 52.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,450 shares of the asset manager’s stock after selling 11,337 shares during the period. BNP Paribas Financial Markets’ holdings in B. Riley Financial were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in B. Riley Financial by 44.8% in the 4th quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager’s stock valued at $44,000 after buying an additional 2,952 shares during the last quarter. Jones Financial Companies Lllp boosted its position in B. Riley Financial by 1,049.1% in the 4th quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager’s stock valued at $45,000 after buying an additional 8,865 shares during the last quarter. Intech Investment Management LLC purchased a new position in B. Riley Financial in the 4th quarter valued at about $46,000. Finally, Federated Hermes Inc. boosted its position in B. Riley Financial by 144.1% in the 4th quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager’s stock valued at $248,000 after buying an additional 31,835 shares during the last quarter. 50.20% of the stock is owned by hedge funds and other institutional investors.

B. Riley Financial Price Performance

NASDAQ:RILY opened at $2.95 on Wednesday. The firm has a 50-day moving average of $3.14 and a two-hundred day moving average of $4.19. The stock has a market cap of $89.97 million, a P/E ratio of -0.14 and a beta of 1.45. B. Riley Financial, Inc. has a 1-year low of $2.67 and a 1-year high of $23.96.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of B. Riley Financial to a “sell” rating in a research report on Monday, February 24th.

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.