B. Riley Financial, Inc. (NASDAQ:RILY) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of B. Riley Financial, Inc. (NASDAQ:RILY) by 7.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,374 shares of the asset manager’s stock after buying an additional 4,267 shares during the quarter. Bank of New York Mellon Corp owned about 0.20% of B. Riley Financial worth $238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RILY. Federated Hermes Inc. raised its stake in B. Riley Financial by 144.1% during the fourth 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 in the last quarter. Toronto Dominion Bank raised its stake in B. Riley Financial by 666,766.7% during the fourth quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager’s stock valued at $92,000 after buying an additional 20,003 shares in the last quarter. Straight Path Wealth Management raised its position in shares of B. Riley Financial by 12.2% during the 1st quarter. Straight Path Wealth Management now owns 93,500 shares of the asset manager’s stock worth $362,000 after purchasing an additional 10,200 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of B. Riley Financial by 44.8% during 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 period. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Trading Up 5.4%

Shares of B. Riley Financial stock opened at $5.48 on Wednesday. The business’s 50 day simple moving average is $3.92 and its 200-day simple moving average is $3.89. The stock has a market capitalization of $167.14 million, a price-to-earnings ratio of -0.20 and a beta of 1.45. B. Riley Financial, Inc. has a twelve month low of $2.67 and a twelve month high of $18.55.

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.