Allianz Asset Management GmbH Makes New $1.09 Million Investment in B. Riley Financial, Inc. $RILY

Allianz Asset Management GmbH acquired a new stake in B. Riley Financial, Inc. (NASDAQ:RILY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 181,936 shares of the asset manager’s stock, valued at approximately $1,087,000. Allianz Asset Management GmbH owned 0.59% of B. Riley Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new stake in B. Riley Financial during the 3rd quarter worth approximately $25,000. Addison Advisors LLC increased its position in shares of B. Riley Financial by 37.8% during the second quarter. Addison Advisors LLC now owns 11,545 shares of the asset manager’s stock worth $34,000 after acquiring an additional 3,165 shares during the period. Russell Investments Group Ltd. increased its position in shares of B. Riley Financial by 144.9% during the second quarter. Russell Investments Group Ltd. now owns 14,504 shares of the asset manager’s stock worth $43,000 after acquiring an additional 8,582 shares during the period. Jump Financial LLC acquired a new stake in shares of B. Riley Financial in the second quarter valued at $45,000. Finally, Simon Quick Advisors LLC purchased a new position in B. Riley Financial in the second quarter valued at $48,000. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Price Performance

Shares of NASDAQ:RILY opened at $6.82 on Friday. B. Riley Financial, Inc. has a 12 month low of $2.67 and a 12 month high of $10.97. The firm has a market capitalization of $212.92 million, a P/E ratio of 0.97 and a beta of 1.28. The company’s fifty day moving average price is $6.64 and its 200 day moving average price is $5.88.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings data on Wednesday, January 14th. The asset manager reported $2.91 earnings per share (EPS) for the quarter. The firm had revenue of $75.70 million for the quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RILY shares. Wall Street Zen upgraded B. Riley Financial from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of B. Riley Financial in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

B. Riley Financial Company Profile

B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.

In addition to traditional investment banking, B.