Nokomis Capital L.L.C. Cuts Stock Position in B. Riley Financial, Inc. (NASDAQ:RILY)

Nokomis Capital L.L.C. lowered its stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY) by 17.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 41,655 shares of the asset manager’s stock after selling 8,700 shares during the quarter. Nokomis Capital L.L.C.’s holdings in B. Riley Financial were worth $191,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of B. Riley Financial by 37.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,658 shares of the asset manager’s stock worth $114,000 after acquiring an additional 5,920 shares during the last quarter. Albion Financial Group UT bought a new stake in shares of B. Riley Financial in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp lifted its holdings in B. Riley Financial by 1,049.1% during the fourth quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager’s stock worth $45,000 after buying an additional 8,865 shares during the period. Intech Investment Management LLC purchased a new stake in shares of B. Riley Financial during the 4th quarter worth $46,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of B. Riley Financial by 44.8% in the 4th quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager’s stock valued at $44,000 after buying an additional 2,952 shares in the last quarter. Institutional investors own 50.20% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded B. Riley Financial to a “sell” rating in a research note on Monday, February 24th.

B. Riley Financial Stock Performance

Shares of RILY opened at $3.28 on Wednesday. B. Riley Financial, Inc. has a one year low of $2.67 and a one year high of $37.08. The stock has a market cap of $100.03 million, a P/E ratio of -0.16 and a beta of 1.45. The stock has a 50-day moving average of $3.49 and a two-hundred day moving average of $4.42.

B. Riley Financial (NASDAQ:RILY) last issued its earnings results on Friday, February 21st. The asset manager reported ($4.97) earnings per share (EPS) for the quarter. The business had revenue of $199.31 million for the quarter. B. Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%.

About B. Riley Financial

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.