B. Riley Financial, Inc. (NASDAQ:RILY) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its position in B. Riley Financial, Inc. (NASDAQ:RILY) by 74.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,220 shares of the asset manager’s stock after selling 139,740 shares during the quarter. Two Sigma Investments LP’s holdings in B. Riley Financial were worth $226,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RILY. Federated Hermes Inc. lifted its stake in B. Riley Financial by 144.1% in the fourth quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager’s stock valued at $248,000 after acquiring an additional 31,835 shares during the last quarter. Toronto Dominion Bank lifted its stake in B. Riley Financial by 666,766.7% in the fourth quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager’s stock valued at $92,000 after acquiring an additional 20,003 shares during the last quarter. Intech Investment Management LLC acquired a new stake in B. Riley Financial in the fourth quarter valued at approximately $46,000. Jones Financial Companies Lllp lifted its stake in B. Riley Financial by 1,049.1% in the fourth quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 8,865 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in B. Riley Financial by 44.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager’s stock valued at $44,000 after acquiring an additional 2,952 shares during the last quarter. 50.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 Trading Down 4.4%

Shares of RILY stock opened at $3.03 on Thursday. B. Riley Financial, Inc. has a 1 year low of $2.67 and a 1 year high of $23.83. The firm’s fifty day simple moving average is $3.05 and its 200 day simple moving average is $4.12. The firm has a market capitalization of $92.41 million, a P/E ratio of -0.14 and a beta of 1.46.

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.