Nokomis Capital L.L.C. raised its stake in B. Riley Financial Inc (NASDAQ:RILY) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,352,084 shares of the asset manager’s stock after buying an additional 87,094 shares during the period. B. Riley Financial makes up about 5.5% of Nokomis Capital L.L.C.’s investment portfolio, making the stock its 3rd largest holding. Nokomis Capital L.L.C. owned approximately 5.11% of B. Riley Financial worth $24,473,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in B. Riley Financial by 29.6% during the 2nd quarter. California State Teachers Retirement System now owns 24,216 shares of the asset manager’s stock valued at $449,000 after purchasing an additional 5,530 shares during the period. Russell Investments Group Ltd. acquired a new stake in B. Riley Financial during the 3rd quarter valued at $3,342,000. State Street Corp raised its stake in B. Riley Financial by 92.6% during the 2nd quarter. State Street Corp now owns 209,692 shares of the asset manager’s stock valued at $3,889,000 after purchasing an additional 100,833 shares during the period. Wells Fargo & Company MN raised its stake in B. Riley Financial by 814.7% during the 3rd quarter. Wells Fargo & Company MN now owns 112,804 shares of the asset manager’s stock valued at $1,923,000 after purchasing an additional 100,471 shares during the period. Finally, California Public Employees Retirement System acquired a new stake in B. Riley Financial during the 2nd quarter valued at $625,000. 47.28% of the stock is currently owned by institutional investors.
Shares of B. Riley Financial Inc (RILY) opened at $18.70 on Wednesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.99 and a current ratio of 2.99. B. Riley Financial Inc has a one year low of $13.55 and a one year high of $20.35. The stock has a market cap of $506.15, a price-to-earnings ratio of 29.22 and a beta of 0.95.
Separately, BidaskClub raised shares of B. Riley Financial from a “sell” rating to a “hold” rating in a research note on Friday, January 19th.
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B. Riley Financial 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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