2 weeks Ago By ABMN Staff
Federated Hermes Inc. lifted its position in shares of B. Riley Financial, Inc.
( NASDAQ:RILY – Free Report ) by 144.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,926 shares of the asset manager’s stock after buying an additional 31,835 shares during the quarter.
Federated Hermes Inc. owned approximately 0.18% of B.
Riley Financial worth $248,000 at the end of the most recent quarter. A number of other institutional investors have also modified their holdings of the company. XTX Topco Ltd grew its stake in B.
Riley Financial by 72.9% in the 3rd quarter. XTX Topco Ltd now owns 33,755 shares of the asset manager’s stock worth $177,000 after acquiring an additional 14,232 shares during the period.
JPMorgan Chase & Co. grew its position in shares of B. Riley Financial by 37.
6% in the third quarter. JPMorgan Chase & Co. now owns 21,658 shares of the asset manager’s stock valued at $114,000 after purchasing an additional 5,920 shares during the period.
Sanctuary Advisors LLC acquired a new position in B. Riley Financial in the third quarter valued at $100,000. FMR LLC lifted its position in B.
Riley Financial by 1,085.3% during the third quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock worth $53,000 after buying an additional 9,225 shares during the period.
Finally, Intech Investment Management LLC acquired a new stake in B. Riley Financial in the 4th quarter worth about $46,000. Institutional investors and hedge funds own 50.
20% of the company’s stock. Analysts Set New Price Targets Separately, StockNews.com raised shares of B.
Riley Financial to a “sell” rating in a research note on Monday, February 24th. B. Riley Financial Stock Performance Shares of RILY stock opened at $3.
16 on Friday. The firm has a market capitalization of $96.37 million, a price-to-earnings ratio of -0.
15 and a beta of 1.34. The company has a 50 day moving average price of $4.
04 and a 200 day moving average price of $4.69. B.
Riley Financial, Inc. has a one year low of $2.67 and a one year high of $40.
09. B. Riley Financial ( NASDAQ:RILY – Get Free Report ) last issued its earnings results on Friday, February 21st.
The asset manager reported ($4.97) earnings per share for the quarter. B.
Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%.
The firm had revenue of $199.31 million during the quarter. B.
Riley Financial Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding RILY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for B. Riley Financial, Inc.
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