Kingsview Wealth Management LLC Invests $440,000 in B. Riley Financial, Inc. (NASDAQ:RILY)

Kingsview Wealth Management LLC bought a new position in B. Riley Financial, Inc. (NASDAQ:RILYFree Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 10,744 shares of the asset manager’s stock, valued at approximately $440,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in B. Riley Financial by 30.1% during the 1st quarter. JPMorgan Chase & Co. now owns 35,923 shares of the asset manager’s stock valued at $2,513,000 after purchasing an additional 8,321 shares in the last quarter. Bank of New York Mellon Corp increased its stake in B. Riley Financial by 3.7% during the 1st quarter. Bank of New York Mellon Corp now owns 376,528 shares of the asset manager’s stock valued at $26,342,000 after purchasing an additional 13,491 shares in the last quarter. US Bancorp DE increased its stake in B. Riley Financial by 289.8% during the 1st quarter. US Bancorp DE now owns 686 shares of the asset manager’s stock valued at $48,000 after purchasing an additional 510 shares in the last quarter. Private Advisor Group LLC increased its stake in B. Riley Financial by 22.4% during the 1st quarter. Private Advisor Group LLC now owns 3,467 shares of the asset manager’s stock valued at $242,000 after purchasing an additional 635 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in B. Riley Financial by 57.2% during the 1st quarter. MetLife Investment Management LLC now owns 10,318 shares of the asset manager’s stock valued at $722,000 after purchasing an additional 3,755 shares in the last quarter. 41.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of B. Riley Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 10th.

Check Out Our Latest Analysis on B. Riley Financial

B. Riley Financial Price Performance

Shares of NASDAQ:RILY opened at $19.15 on Wednesday. The company has a debt-to-equity ratio of 10.81, a current ratio of 4.62 and a quick ratio of 4.62. B. Riley Financial, Inc. has a 1-year low of $16.65 and a 1-year high of $60.72. The company has a market capitalization of $585.66 million, a P/E ratio of -7.51 and a beta of 1.63. The firm’s 50 day simple moving average is $21.59 and its two-hundred day simple moving average is $34.72.

B. Riley Financial (NASDAQ:RILYGet Free Report) last released its earnings results on Wednesday, November 8th. The asset manager reported ($1.59) EPS for the quarter. B. Riley Financial had a negative return on equity of 7.28% and a negative net margin of 4.16%. The company had revenue of $462.31 million during the quarter.

Insider Activity at B. Riley Financial

In other news, Director Tamara Sue Brandt acquired 1,635 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average price of $30.64 per share, for a total transaction of $50,096.40. Following the completion of the transaction, the director now directly owns 6,195 shares of the company’s stock, valued at approximately $189,814.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Agostino Robert P. D purchased 5,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were purchased at an average cost of $21.23 per share, for a total transaction of $106,150.00. Following the completion of the acquisition, the director now owns 160,570 shares in the company, valued at approximately $3,408,901.10. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tamara Sue Brandt acquired 1,635 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $30.64 per share, with a total value of $50,096.40. Following the completion of the purchase, the director now owns 6,195 shares of the company’s stock, valued at $189,814.80. The disclosure for this purchase can be found here. Insiders have acquired a total of 37,135 shares of company stock valued at $803,126 over the last 90 days. 33.90% of the stock is owned by corporate insiders.

About B. Riley Financial

(Free Report)

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.

Further Reading

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

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