Wells Fargo & Company MN raised its holdings in B. Riley Financial Inc (NASDAQ:RILY) by 814.7% during the 3rd quarter, Holdings Channel reports. The fund owned 112,804 shares of the asset manager’s stock after buying an additional 100,471 shares during the period. Wells Fargo & Company MN’s holdings in B. Riley Financial were worth $1,923,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. California State Teachers Retirement System grew its position in B. Riley Financial by 29.6% in the 2nd quarter. California State Teachers Retirement System now owns 24,216 shares of the asset manager’s stock valued at $449,000 after acquiring an additional 5,530 shares during the last quarter. Susquehanna International Group LLP bought a new position in B. Riley Financial in the 2nd quarter valued at $280,000. Russell Investments Group Ltd. bought a new position in B. Riley Financial in the 3rd quarter valued at $3,342,000. State Street Corp grew its position in B. Riley Financial by 92.6% in the 2nd quarter. State Street Corp now owns 209,692 shares of the asset manager’s stock valued at $3,889,000 after acquiring an additional 100,833 shares during the last quarter. Finally, Equitec Proprietary Markets LLC grew its position in B. Riley Financial by 4.1% in the 3rd quarter. Equitec Proprietary Markets LLC now owns 533,062 shares of the asset manager’s stock valued at $9,089,000 after acquiring an additional 20,825 shares during the last quarter. 45.81% of the stock is currently owned by institutional investors.

In other news, CEO Bryant R. Riley bought 8,679 shares of the stock in a transaction on Monday, November 20th. The stock was acquired at an average cost of $17.75 per share, for a total transaction of $154,052.25. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Bryant R. Riley bought 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 disclosure for this purchase can be found here. Insiders acquired a total of 54,576 shares of company stock valued at $969,729 over the last quarter. Company insiders own 30.90% of the company’s stock.

Separately, BidaskClub downgraded B. Riley Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th.

B. Riley Financial Inc (RILY) opened at $19.40 on Thursday. The company has a market capitalization of $497.59, a price-to-earnings ratio of 12.85 and a beta of 0.99. The company has a debt-to-equity ratio of 3.07, a current ratio of 2.99 and a quick ratio of 2.99. B. Riley Financial Inc has a 12-month low of $13.55 and a 12-month high of $21.30.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings data on Wednesday, November 8th. The asset manager reported $0.31 EPS for the quarter. B. Riley Financial had a return on equity of 17.98% and a net margin of 9.87%.

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About B. Riley Financial

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

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