The Vanguard Group, Inc. has recently announced that it has increased stake in B. Riley Financial Inc (NASDAQ:RILY) by 3.89%. After grabbing 1.14 million shares, the institutional investor is now in possession of 42848.0 shares of the Financial Company. The new investment brought the stake of investor firm to 3.74% having worth around $41.41 million. Moreover, SSgA Funds Management, Inc. increased its share by 74014.0 to have a control over 0.78 million shares. And Punch & Associates Investment Man raised its holdings to 0.1 million shares by acquiring 0.78 million shares or 2.54% of the stake.
B. Riley Financial Inc (RILY) concluded trading on 12/13/23 at a closing price of $21.60, with 4.7 million shares of worth about $101.43 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -44.50% during that period and on Wednesday the price saw a loss of about -6.03%. Currently the company’s common shares owned by public are about 28.52M shares, out of which, 16.29M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the RILY stock and their offered price forecasts bring an average price target of $30.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $30.00 and could fall to a lowest price of $30.00. However, touching the estimated high of $30.00 would mean a gain of 28.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 98 times over the past 12 months. They bought 1,669,990 shares in 78 of the transactions. In 20 selling transactions, insiders dumped 193,927 shares.
iShares Core S&P Small Cap ETF, Fidelity Dividend Growth Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in B. Riley Financial Inc iShares Core S&P Small Cap ETF is currently holding 1.11 million shares of worth totaling $40.36 million. The company recently came selling 204.0 shares which brought its stake up to 3.65% of the company’s outstanding shares. Fidelity Dividend Growth Fund sold 14900.0 shares, after which its hold over company’s outstanding shares shrunk to 1.89%, leaving 0.58 million shares with the mutual fund that have a worth of about $20.94 million. Vanguard Total Stock Market ETF, after buying 0.57 million shares, have now control over 1.88% of the stake in the company. It holds 17778.0 shares of worth $20.76 million.
B. Riley Financial Inc (NASDAQ: RILY) started trading at $22.75, below -$0.24 from concluding price of the previous day. However, the stock later moved at a day high price of 24.00, or with a loss of -6.03%. Stock saw a price change of -3.14% in past 5 days and over the past one month there was a price change of -1.86%. Year-to-date (YTD), RILY shares are showing a performance of -36.84% which decreased to -49.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.65 but also hit the highest price of $60.72 during that period. The average intraday trading volume for B. Riley Financial Inc shares is 871.40K. The stock is currently trading -2.68% below its 20-day simple moving average (SMA20), while that difference is down -30.62% for SMA50 and it goes to -43.67% lower than SMA200.
The Vanguard Group, Inc. acquired 1.14 million shares of B. Riley Financial Inc having value of about $41.41 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 42848.0 shares in the company valued at close to $925516.8, or have control over 3.89% stake in the company. B. Riley Financial Inc (NASDAQ: RILY) currently have 28.52M outstanding shares and institutions hold larger chunk of about 48.34% of that. Holding of mutual funds in the company is about 26.83% while other institutional holders and individual stake holders have control over 52.33% and 21.58% of the stake respectively.
The stock has a current market capitalization of $660.53M and its 3Y-monthly beta is at 1.58. It has posted earnings per share of -$2.55 in the same period. It has a debt-to-equity ratio of 5.94. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RILY, volatility over the week remained 18.28% while standing at 13.72% over the month.
Analysts are in expectations that B. Riley Financial Inc (RILY) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same.
Analysts at 1 brokerage firms have issued recommendations for the B. Riley Financial Inc (RILY)’s stock out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
