Bank of New York Mellon Corp Has $3.18 Million Position in B. Riley Financial Inc (RILY)

Bank of New York Mellon Corp boosted its stake in shares of B. Riley Financial Inc (NASDAQ:RILY) by 3.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,927 shares of the asset manager’s stock after acquiring an additional 5,193 shares during the quarter. Bank of New York Mellon Corp’s holdings in B. Riley Financial were worth $3,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Nokomis Capital L.L.C. boosted its holdings in B. Riley Financial by 1.0% during the 1st quarter. Nokomis Capital L.L.C. now owns 1,365,575 shares of the asset manager’s stock valued at $26,629,000 after acquiring an additional 13,491 shares during the period. Russell Investments Group Ltd. boosted its holdings in B. Riley Financial by 21.8% during the 1st quarter. Russell Investments Group Ltd. now owns 327,129 shares of the asset manager’s stock valued at $6,378,000 after acquiring an additional 58,446 shares during the period. Northern Trust Corp boosted its holdings in B. Riley Financial by 1.4% during the 1st quarter. Northern Trust Corp now owns 211,266 shares of the asset manager’s stock valued at $4,120,000 after acquiring an additional 2,920 shares during the period. Wells Fargo & Company MN boosted its holdings in B. Riley Financial by 4.1% during the 1st quarter. Wells Fargo & Company MN now owns 87,501 shares of the asset manager’s stock valued at $1,706,000 after acquiring an additional 3,437 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in B. Riley Financial by 26.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 48,302 shares of the asset manager’s stock valued at $942,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 47.07% of the company’s stock.

Separately, BidaskClub cut B. Riley Financial from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st.

RILY opened at $21.81 on Monday. The company has a market cap of $591.78 million, a price-to-earnings ratio of 13.32 and a beta of 0.84. The company has a debt-to-equity ratio of 5.09, a current ratio of 2.62 and a quick ratio of 2.62. B. Riley Financial Inc has a one year low of $15.75 and a one year high of $23.70.

B. Riley Financial (NASDAQ:RILY) last released its quarterly earnings results on Thursday, August 2nd. The asset manager reported $0.78 EPS for the quarter. The business had revenue of $125.50 million during the quarter. B. Riley Financial had a return on equity of 17.08% and a net margin of 3.72%.

B. Riley Financial Profile

B. Riley Financial, Inc provides financial services and solutions in North America, Australia, and Europe. The company operates in four segments: Capital Markets, Auction and Liquidation, Valuation and Appraisal, and Principal Investments – United Online. It offers investment banking services, including merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements; and corporate finance, research, securities lending, wealth management, and sales and trading services to corporate, institutional, and high net worth clients.

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Institutional Ownership by Quarter for B. Riley Financial (NASDAQ:RILY)

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