Davies Financial Advisors Inc. Decreases Stock Holdings in B. Riley Financial, Inc. (NASDAQ:RILY)

Davies Financial Advisors Inc. reduced its stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY) by 30.4% during the 4th quarter, HoldingsChannel reports. The firm owned 154,495 shares of the asset manager’s stock after selling 67,465 shares during the quarter. Davies Financial Advisors Inc.’s holdings in B. Riley Financial were worth $709,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RILY. Public Sector Pension Investment Board grew its holdings in shares of B. Riley Financial by 5.0% in the second quarter. Public Sector Pension Investment Board now owns 36,008 shares of the asset manager’s stock valued at $635,000 after purchasing an additional 1,729 shares during the period. Inspire Investing LLC boosted its holdings in B. Riley Financial by 17.4% in the 2nd quarter. Inspire Investing LLC now owns 20,004 shares of the asset manager’s stock valued at $353,000 after purchasing an additional 2,968 shares during the last quarter. XTX Topco Ltd grew 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 valued at $344,000 after buying an additional 4,072 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of B. Riley Financial during the 3rd quarter worth approximately $29,000. Finally, Ariadne Wealth Management LP purchased a new stake in shares of B. Riley Financial during the 2nd quarter valued at approximately $103,000. 50.20% of the stock is currently owned by hedge funds and other institutional investors.

B. Riley Financial Trading Up 4.4 %

NASDAQ RILY opened at $5.00 on Tuesday. The stock has a fifty day simple moving average of $4.97 and a 200-day simple moving average of $7.56. The stock has a market cap of $152.50 million, a PE ratio of -1.00 and a beta of 1.30. B. Riley Financial, Inc. has a twelve month low of $3.94 and a twelve month high of $40.09.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results on Monday, January 13th. The asset manager reported ($14.35) earnings per share for the quarter.

Analyst Upgrades and Downgrades

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

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.