Allianz Asset Management GmbH Purchases New Shares in B. Riley Financial, Inc. $RILY

Allianz Asset Management GmbH purchased a new position in shares of B. Riley Financial, Inc. (NASDAQ:RILY) in the third quarter, HoldingsChannel.com reports. The firm purchased 181,936 shares of the asset manager’s stock, valued at approximately $1,087,000.

A number of other institutional investors also recently bought and sold shares of RILY. Federated Hermes Inc. raised its holdings in shares of B. Riley Financial by 78.0% in the second quarter. Federated Hermes Inc. now owns 179,960 shares of the asset manager’s stock valued at $534,000 after buying an additional 78,847 shares during the last quarter. XTX Topco Ltd increased its position in B. Riley Financial by 4.2% in the 2nd quarter. XTX Topco Ltd now owns 62,517 shares of the asset manager’s stock valued at $186,000 after acquiring an additional 2,531 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in B. Riley Financial during the 2nd quarter valued at approximately $154,000. Matauro LLC acquired a new stake in B. Riley Financial during the 3rd quarter worth approximately $238,000. Finally, Engineers Gate Manager LP lifted its position in B. Riley Financial by 70.0% during the 2nd quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager’s stock worth $51,000 after acquiring an additional 7,044 shares during the period. 50.20% of the stock is currently owned by institutional investors and hedge funds.

B. Riley Financial Price Performance

Shares of RILY stock opened at $6.82 on Friday. The business’s fifty day moving average price is $6.64 and its 200 day moving average price is $5.88. The firm has a market capitalization of $212.92 million, a PE ratio of 0.97 and a beta of 1.28. B. Riley Financial, Inc. has a 1-year low of $2.67 and a 1-year high of $10.97.

B. Riley Financial (NASDAQ:RILY) last released its earnings results on Wednesday, January 14th. The asset manager reported $2.91 EPS for the quarter. The business had revenue of $75.70 million during the quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RILY shares. Wall Street Zen raised B. Riley Financial from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of B. Riley Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About B. Riley Financial

B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.

In addition to traditional investment banking, B.