Vident Advisory LLC Purchases New Position in B. Riley Financial, Inc. $RILY

Vident Advisory LLC purchased a new stake in B. Riley Financial, Inc. (NASDAQ:RILY) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,544 shares of the asset manager’s stock, valued at approximately $41,000.

Several other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in B. Riley Financial by 110.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 417,155 shares of the asset manager’s stock worth $1,614,000 after purchasing an additional 219,114 shares in the last quarter. Invesco Ltd. boosted its stake in B. Riley Financial by 4.6% in the first quarter. Invesco Ltd. now owns 161,794 shares of the asset manager’s stock worth $626,000 after purchasing an additional 7,160 shares in the last quarter. Federated Hermes Inc. boosted its stake in B. Riley Financial by 87.5% in the first quarter. Federated Hermes Inc. now owns 101,113 shares of the asset manager’s stock worth $391,000 after purchasing an additional 47,187 shares in the last quarter. Straight Path Wealth Management boosted its stake in B. Riley Financial by 12.2% in the first 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in B. Riley Financial by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 61,374 shares of the asset manager’s stock worth $238,000 after purchasing an additional 4,267 shares in the last quarter. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Stock Performance

B. Riley Financial stock opened at $6.22 on Friday. The firm has a market cap of $189.71 million, a P/E ratio of -0.24 and a beta of 1.46. The business’s fifty day moving average is $5.33 and its two-hundred day moving average is $4.12. B. Riley Financial, Inc. has a 52 week low of $2.67 and a 52 week high of $7.43.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings data on Wednesday, August 13th. The asset manager reported ($7.74) EPS for the quarter. The business had revenue of $201.38 million during the quarter.

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.