Two Sigma Investments LP Decreases Stock Position in B. Riley Financial, Inc. (NASDAQ:RILY)

Two Sigma Investments LP cut its position in B. Riley Financial, Inc. (NASDAQ:RILY) by 74.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,220 shares of the asset manager’s stock after selling 139,740 shares during the quarter. Two Sigma Investments LP owned 0.16% of B. Riley Financial worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of 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 worth $44,000 after purchasing an additional 2,952 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of 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 worth $45,000 after purchasing an additional 8,865 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of B. Riley Financial in the 4th quarter worth about $46,000. Toronto Dominion Bank lifted its position in shares of B. Riley Financial by 666,766.7% in the 4th quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager’s stock worth $92,000 after buying an additional 20,003 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of B. Riley Financial by 144.1% in the 4th quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager’s stock worth $248,000 after buying an additional 31,835 shares during the last quarter. 50.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

B. Riley Financial Stock Down 4.4%

RILY stock opened at $3.03 on Thursday. The stock has a market cap of $92.41 million, a PE ratio of -0.14 and a beta of 1.46. The firm’s 50-day simple moving average is $3.05 and its 200 day simple moving average is $4.12. B. Riley Financial, Inc. has a fifty-two week low of $2.67 and a fifty-two week high of $23.83.

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.