Albion Financial Group UT Makes New $30,000 Investment in B. Riley Financial, Inc. (NASDAQ:RILY)

Albion Financial Group UT purchased a new stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,500 shares of the asset manager’s stock, valued at approximately $30,000.

Several other large investors have also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in B. Riley Financial during the 3rd quarter valued at about $29,000. FMR LLC grew its holdings in shares of B. Riley Financial by 1,085.3% during the third quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock valued at $53,000 after buying an additional 9,225 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of B. Riley Financial during the third quarter valued at approximately $70,000. Sanctuary Advisors LLC bought a new stake in shares of B. Riley Financial during the third quarter valued at approximately $100,000. Finally, Ariadne Wealth Management LP purchased a new position in B. Riley Financial in the 2nd quarter worth approximately $103,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded B. Riley Financial to a “sell” rating in a research note on Tuesday, January 14th.

B. Riley Financial Stock Performance

NASDAQ RILY opened at $4.65 on Thursday. B. Riley Financial, Inc. has a one year low of $3.94 and a one year high of $40.09. The stock has a 50-day moving average of $4.96 and a 200 day moving average of $7.47. The company has a market capitalization of $141.83 million, a price-to-earnings ratio of -0.22 and a beta of 1.30.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings results on Monday, January 13th. The asset manager reported ($14.35) EPS for the quarter. B. Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%.

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.