B. Riley Financial (NASDAQ:RILY) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

B. Riley Financial, Inc. (NASDAQ:RILY)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.56 and traded as high as $4.61. B. Riley Financial shares last traded at $4.22, with a volume of 1,417,312 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded B. Riley Financial to a “sell” rating in a report on Monday, February 24th.

B. Riley Financial Trading Up 4.2 %

The stock has a market capitalization of $128.70 million, a price-to-earnings ratio of -0.20 and a beta of 1.23. The company has a fifty day moving average of $4.56 and a two-hundred day moving average of $4.99.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings data on Friday, February 21st. The asset manager reported ($4.97) earnings per share (EPS) for the quarter. The firm had revenue of $199.31 million for the quarter. B. Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RILY. Federated Hermes Inc. grew its position in B. Riley Financial by 144.1% during the fourth quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager’s stock worth $248,000 after buying an additional 31,835 shares in the last quarter. XTX Topco Ltd lifted its position in shares of B. Riley Financial by 72.9% in the 3rd quarter. XTX Topco Ltd now owns 33,755 shares of the asset manager’s stock worth $177,000 after acquiring an additional 14,232 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of B. Riley Financial by 136.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock worth $114,000 after purchasing an additional 12,557 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of B. Riley Financial by 37.6% during the third quarter. JPMorgan Chase & Co. now owns 21,658 shares of the asset manager’s stock valued at $114,000 after purchasing an additional 5,920 shares during the period. Finally, Toronto Dominion Bank raised its stake in shares of 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 purchasing an additional 20,003 shares in the last quarter. Institutional investors own 50.20% of the company’s stock.

B. Riley Financial Company 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.