UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,772 Shares of B. Riley Financial, Inc. (NASDAQ:RILY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in B. Riley Financial, Inc. (NASDAQ:RILY) by 8.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 28,677 shares of the asset manager’s stock after selling 2,772 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in B. Riley Financial were worth $151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RILY. FMR LLC raised its stake in shares of B. Riley Financial by 1,085.3% in the third quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock valued at $53,000 after acquiring an additional 9,225 shares during the period. Ariadne Wealth Management LP purchased a new stake in B. Riley Financial in the 2nd quarter worth about $103,000. BNP Paribas Financial Markets lifted its stake in B. Riley Financial by 136.0% in the third 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 during the last quarter. Ensign Peak Advisors Inc purchased a new position in shares of B. Riley Financial during the second quarter valued at approximately $190,000. Finally, Intech Investment Management LLC purchased a new stake in shares of B. Riley Financial in the second quarter worth approximately $254,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Price Performance

Shares of RILY stock opened at $4.98 on Friday. The company has a market capitalization of $150.87 million, a P/E ratio of -0.99 and a beta of 1.24. The company’s 50-day simple moving average is $5.37 and its two-hundred day simple moving average is $9.98. B. Riley Financial, Inc. has a one year low of $4.07 and a one year high of $40.09. The company has a debt-to-equity ratio of 13.99, a current ratio of 4.88 and a quick ratio of 4.88.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of B. Riley Financial to a “sell” rating in a research note on Monday, November 18th.

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.