Davies Financial Advisors Inc. Buys New Stake in B. Riley Financial, Inc. (NASDAQ:RILY)

Davies Financial Advisors Inc. bought a new stake in B. Riley Financial, Inc. (NASDAQ:RILY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 113,745 shares of the asset manager’s stock, valued at approximately $2,006,000. B. Riley Financial comprises approximately 1.9% of Davies Financial Advisors Inc.’s holdings, making the stock its 16th biggest holding. Davies Financial Advisors Inc. owned approximately 0.38% of B. Riley Financial at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. purchased a new position in B. Riley Financial in the fourth quarter valued at $29,000. Bayesian Capital Management LP purchased a new position in B. Riley Financial in the first quarter valued at $245,000. Russell Investments Group Ltd. purchased a new position in B. Riley Financial in the first quarter valued at $254,000. Capstone Investment Advisors LLC purchased a new position in B. Riley Financial in the fourth quarter valued at $309,000. Finally, Axxcess Wealth Management LLC purchased a new position in B. Riley Financial in the first quarter valued at $394,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised B. Riley Financial to a “sell” rating in a report on Wednesday, August 14th.

B. Riley Financial Stock Performance

Shares of RILY stock traded down $0.57 during mid-day trading on Friday, hitting $4.92. 2,720,253 shares of the stock were exchanged, compared to its average volume of 1,927,875. The stock’s fifty day simple moving average is $14.14 and its two-hundred day simple moving average is $20.32. The stock has a market capitalization of $148.90 million, a price-to-earnings ratio of -0.98 and a beta of 1.32. B. Riley Financial, Inc. has a 12-month low of $4.51 and a 12-month high of $52.74. The company has a debt-to-equity ratio of 13.99, a quick ratio of 4.88 and a current ratio of 4.88.

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.