OMERS ADMINISTRATION Corp Decreases Stock Holdings in B. Riley Financial, Inc. $RILY

OMERS ADMINISTRATION Corp lowered its holdings in B. Riley Financial, Inc. (NASDAQ:RILY) by 80.6% in the 1st quarter, Holdings Channel.com reports. 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 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RILY. Brooklyn Investment Group lifted its holdings in shares of B. Riley Financial by 237.4% during the 3rd quarter. Brooklyn Investment Group now owns 30,792 shares of the asset manager’s stock valued at $184,000 after acquiring an additional 21,665 shares in the last quarter. Bank of Montreal Can raised its position in B. Riley Financial by 76.3% in the fourth quarter. Bank of Montreal Can now owns 33,502 shares of the asset manager’s stock valued at $156,000 after purchasing an additional 14,500 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in B. Riley Financial in the second quarter valued at about $154,000. Barclays PLC lifted its stake in shares of B. Riley Financial by 235.5% during the fourth quarter. Barclays PLC now owns 24,609 shares of the asset manager’s stock worth $115,000 after purchasing an additional 17,274 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of B. Riley Financial in the fourth quarter worth about $92,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Price Performance

RILY opened at $7.16 on Friday. The company has a fifty day simple moving average of $8.15 and a 200 day simple moving average of $7.94. The firm has a market cap of $265.85 million, a price-to-earnings ratio of 0.43 and a beta of 1.20. B. Riley Financial, Inc. has a twelve month low of $3.64 and a twelve month high of $11.24. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 10.30.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RILY shares. Wall Street Zen lowered B. Riley Financial from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of B. Riley Financial in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

B. Riley Financial 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.