B. Riley Financial (NASDAQ:RILY) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of B. Riley Financial, Inc. (NASDAQ:RILY) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.03 and traded as low as $2.86. B. Riley Financial shares last traded at $2.93, with a volume of 957,151 shares.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of B. Riley Financial to a “sell” rating in a report on Monday, February 24th.

B. Riley Financial Trading Up 0.7%

The stock’s 50-day moving average price is $3.03 and its 200-day moving average price is $3.98. The company has a market capitalization of $89.37 million, a P/E ratio of -0.11 and a beta of 1.46.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RILY. Charles Schwab Investment Management Inc. lifted its position in shares of B. Riley Financial by 110.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 417,155 shares of the asset manager’s stock worth $1,614,000 after buying an additional 219,114 shares during the last quarter. XTX Topco Ltd bought a new position in shares of B. Riley Financial in the 1st quarter worth about $232,000. Federated Hermes Inc. lifted its position in shares of B. Riley Financial by 87.5% in the 1st quarter. Federated Hermes Inc. now owns 101,113 shares of the asset manager’s stock worth $391,000 after buying an additional 47,187 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of B. Riley Financial by 666,766.7% in the 4th quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager’s stock worth $92,000 after buying an additional 20,003 shares during the last quarter. Finally, Vident Advisory LLC bought a new position in shares of B. Riley Financial in the 1st quarter worth about $41,000. 50.20% of the stock is currently owned by institutional investors.

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.