B. Riley Financial Inc (NASDAQ:RILY) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 514,800 shares, an increase of 26.5% from the May 30th total of 407,100 shares. Based on an average daily volume of 49,100 shares, the short-interest ratio is currently 10.5 days. Approximately 3.3% of the company’s shares are sold short.

In other B. Riley Financial news, major shareholder B. Riley Financial, Inc. sold 3,211 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $8.26, for a total transaction of $26,522.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Howard Weitzman sold 10,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $19.49, for a total value of $194,900.00. Following the sale, the senior vice president now directly owns 41,990 shares of the company’s stock, valued at approximately $818,385.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,729 shares of company stock valued at $374,027. Company insiders own 24.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Punch & Associates Investment Management Inc. lifted its stake in B. Riley Financial by 8.8% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,520,576 shares of the asset manager’s stock worth $25,378,000 after purchasing an additional 123,180 shares during the period. Hollow Brook Wealth Management LLC bought a new position in B. Riley Financial during the first quarter worth about $380,000. Argent Capital Management LLC lifted its stake in B. Riley Financial by 33.6% during the first quarter. Argent Capital Management LLC now owns 132,478 shares of the asset manager’s stock worth $2,211,000 after purchasing an additional 33,300 shares during the period. Quinn Opportunity Partners LLC lifted its stake in B. Riley Financial by 9.2% during the first quarter. Quinn Opportunity Partners LLC now owns 47,522 shares of the asset manager’s stock worth $793,000 after purchasing an additional 4,000 shares during the period. Finally, IndexIQ Advisors LLC bought a new position in B. Riley Financial during the first quarter worth about $789,000. Institutional investors own 46.24% of the company’s stock.

RILY stock traded up $0.39 during trading on Friday, reaching $20.37. 23,920 shares of the stock traded hands, compared to its average volume of 67,895. The firm’s 50 day simple moving average is $20.25. B. Riley Financial has a 52-week low of $13.60 and a 52-week high of $23.40. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 5.47. The firm has a market cap of $538.11 million, a price-to-earnings ratio of 14.16 and a beta of 0.89.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.54 earnings per share (EPS) for the quarter. B. Riley Financial had a return on equity of 14.44% and a net margin of 4.05%. The firm had revenue of $142.13 million during the quarter.

Separately, BidaskClub raised ZIOPHARM Oncology from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 17th.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides collaborative financial services and solutions in North America, Australia, and Europe. The company operates in four segments: Capital Markets, Auction and Liquidation, Valuation and Appraisal, and Principal Investments – United Online and magicJack.

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