Charles Schwab Investment Management Inc. decreased its position in B. Riley Financial, Inc. (NASDAQ:RILY - Free Report) by 26.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 198,041 shares of the asset manager's stock after selling 69,535 shares during the period. Charles Schwab Investment Management Inc. owned about 0.65% of B. Riley Financial worth $909,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of B. Riley Financial during the 3rd quarter valued at approximately $29,000. Albion Financial Group UT acquired a new position in B. Riley Financial during the fourth quarter worth $30,000. Jones Financial Companies Lllp increased its stake in shares of 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 purchasing an additional 8,865 shares in the last quarter. FMR LLC increased its stake in shares of 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 purchasing an additional 9,225 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in B. Riley Financial in the 3rd quarter valued at about $70,000. Institutional investors and hedge funds own 50.20% of the company's stock.
B. Riley Financial Stock Performance
Shares of NASDAQ RILY traded down $0.23 during mid-day trading on Thursday, reaching $3.66. The company's stock had a trading volume of 441,977 shares, compared to its average volume of 1,998,171. The stock has a market capitalization of $111.62 million, a P/E ratio of -0.18 and a beta of 1.34. B. Riley Financial, Inc. has a 1-year low of $2.73 and a 1-year high of $40.09. The stock has a 50-day moving average of $4.45 and a two-hundred day moving average of $4.91.
B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The asset manager reported ($4.97) EPS for the quarter. The company had revenue of $199.31 million during the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded B. Riley Financial to a "sell" rating in a research note on Monday, February 24th.
View Our Latest Stock Analysis on RILY
B. Riley Financial 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.
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