Inspire Investing LLC Acquires 2,968 Shares of B. Riley Financial, Inc. (NASDAQ:RILY)

Inspire Investing LLC lifted its stake in B. Riley Financial, Inc. (NASDAQ:RILY) by 17.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,004 shares of the asset manager’s stock after buying an additional 2,968 shares during the period. Inspire Investing LLC owned approximately 0.07% of B. Riley Financial worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RILY. Bayesian Capital Management LP bought a new stake in shares of B. Riley Financial during the 1st quarter valued at $245,000. Russell Investments Group Ltd. acquired a new stake in B. Riley Financial during the first quarter worth about $254,000. Capstone Investment Advisors LLC bought a new position in B. Riley Financial in the 4th quarter valued at about $309,000. XTX Topco Ltd raised its position 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 in the last quarter. Finally, Axxcess Wealth Management LLC bought a new stake in shares of B. Riley Financial during the 1st quarter worth approximately $394,000. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Price Performance

Shares of RILY stock opened at $5.80 on Monday. The business has a fifty day simple moving average of $10.66 and a 200 day simple moving average of $19.05. The company has a market cap of $175.71 million, a P/E ratio of -1.16 and a beta of 1.29. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99. B. Riley Financial, Inc. has a twelve month low of $4.51 and a twelve month high of $43.87.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of B. Riley Financial to a “sell” rating in a research report on Wednesday, August 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.