Straight Path Wealth Management Purchases 19,500 Shares of B. Riley Financial, Inc. (NASDAQ:RILY)

Straight Path Wealth Management boosted its holdings in B. Riley Financial, Inc. (NASDAQ:RILY) by 30.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 84,500 shares of the asset manager’s stock after acquiring an additional 19,500 shares during the quarter. Straight Path Wealth Management’s holdings in B. Riley Financial were worth $444,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Public Sector Pension Investment Board grew its stake in shares of B. Riley Financial by 5.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 36,008 shares of the asset manager’s stock worth $635,000 after acquiring an additional 1,729 shares in the last quarter. Inspire Investing LLC lifted its position in shares of B. Riley Financial by 17.4% during the 2nd quarter. Inspire Investing LLC now owns 20,004 shares of the asset manager’s stock worth $353,000 after buying an additional 2,968 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of B. Riley Financial by 26.4% in the 2nd quarter. XTX Topco Ltd now owns 19,523 shares of the asset manager’s stock worth $344,000 after buying an additional 4,072 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of B. Riley Financial by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 132,168 shares of the asset manager’s stock valued at $2,331,000 after acquiring an additional 5,755 shares in the last quarter. Finally, Ariadne Wealth Management LP purchased a new stake in shares of B. Riley Financial during the second quarter valued at approximately $103,000. Institutional investors own 50.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised B. Riley Financial to a “sell” rating in a research report on Tuesday, October 15th.

B. Riley Financial Stock Performance

NASDAQ RILY traded down $0.08 during trading hours on Friday, reaching $4.72. 1,184,338 shares of the company were exchanged, compared to its average volume of 1,983,933. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99. The stock has a market capitalization of $143.02 million, a P/E ratio of -0.94 and a beta of 1.26. B. Riley Financial, Inc. has a 1 year low of $4.07 and a 1 year high of $40.09. The business’s 50 day simple moving average is $5.43 and its 200-day simple moving average is $14.35.

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.