OMERS ADMINISTRATION Corp Trims Position in B. Riley Financial, Inc. $RILY

OMERS ADMINISTRATION Corp decreased its holdings in shares of B. Riley Financial, Inc. (NASDAQ:RILY) by 80.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,000 shares of the asset manager’s stock after selling 70,600 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in B. Riley Financial were worth $124,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of America Corp DE increased its stake in B. Riley Financial by 237.2% in the third quarter. Bank of America Corp DE now owns 6,963 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 4,898 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in B. Riley Financial by 144.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,504 shares of the asset manager’s stock worth $43,000 after buying an additional 8,582 shares during the last quarter. Jump Financial LLC purchased a new stake in B. Riley Financial in the 2nd quarter valued at about $45,000. Engineers Gate Manager LP grew its holdings in B. Riley Financial by 70.0% in the 2nd quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager’s stock valued at $51,000 after buying an additional 7,044 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in shares of B. Riley Financial during the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

Analysts Set New Price Targets

RILY has been the topic of several recent analyst reports. Wall Street Zen lowered shares of B. Riley Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Weiss Ratings restated a “sell (d+)” rating on shares of B. Riley Financial in a report on Monday, June 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, B. Riley Financial currently has a consensus rating of “Sell”.

B. Riley Financial Price Performance

Shares of B. Riley Financial stock opened at $7.16 on Friday. B. Riley Financial, Inc. has a twelve month low of $3.64 and a twelve month high of $11.24. The stock has a market capitalization of $265.85 million, a P/E ratio of 0.43 and a beta of 1.20. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 10.30. The business’s fifty day moving average price is $8.15 and its 200 day moving average price is $7.94.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings results on Thursday, May 7th. The asset manager reported $6.57 earnings per share (EPS) for the quarter. The firm had revenue of $217.19 million during the quarter. B. Riley Financial had a negative return on equity of 330.83% and a net margin of 46.81%.

B. Riley Financial Company Profile

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.