B. Riley Financial Inc (NASDAQ:RILY) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,224,357 shares, a growth of 61.9% from the November 30th total of 756,402 shares. Based on an average daily volume of 120,333 shares, the days-to-cover ratio is presently 10.2 days. Currently, 7.9% of the company’s shares are sold short.

Shares of B. Riley Financial (RILY) opened at $18.30 on Wednesday. B. Riley Financial has a 1 year low of $13.55 and a 1 year high of $21.30. The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.99 and a current ratio of 2.99. The stock has a market capitalization of $483.03, a PE ratio of 12.12 and a beta of 0.50.

In other news, CEO Bryant R. Riley purchased 7,325 shares of the stock in a transaction on Thursday, November 16th. The stock was purchased at an average price of $17.15 per share, with a total value of $125,623.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Bryant R. Riley purchased 38,572 shares of the stock in a transaction on Friday, December 1st. The shares were purchased at an average cost of $17.89 per share, with a total value of $690,053.08. The disclosure for this purchase can be found here. Insiders purchased 54,576 shares of company stock valued at $969,729 over the last quarter. Insiders own 30.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in B. Riley Financial during the third quarter valued at about $116,000. Cornerstone Capital Management Holdings LLC. grew its position in B. Riley Financial by 110.3% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 7,627 shares of the asset manager’s stock valued at $130,000 after acquiring an additional 4,000 shares during the period. Nationwide Fund Advisors grew its position in B. Riley Financial by 43.9% during the second quarter. Nationwide Fund Advisors now owns 7,956 shares of the asset manager’s stock valued at $148,000 after acquiring an additional 2,428 shares during the period. The Manufacturers Life Insurance Company grew its position in B. Riley Financial by 592.0% during the second quarter. The Manufacturers Life Insurance Company now owns 11,397 shares of the asset manager’s stock valued at $211,000 after acquiring an additional 9,750 shares during the period. Finally, First Trust Advisors LP purchased a new stake in B. Riley Financial during the third quarter valued at about $210,000. 45.81% of the stock is owned by hedge funds and other institutional investors.

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B. Riley Financial Company Profile

B. Riley Financial, Inc is an independent investment bank. The Company’s segments include capital markets, auction and liquidation, valuation and appraisal, and Principal Investments-United Online. The capital markets segment provides an array of investment banking, corporate finance, research, wealth management, sales and trading services to corporate, institutional and high net worth clients.

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