B. Riley Financial, Inc. (NASDAQ:RILY) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its holdings in B. Riley Financial, Inc. (NASDAQ:RILY) by 1,049.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,710 shares of the asset manager’s stock after buying an additional 8,865 shares during the period. Jones Financial Companies Lllp’s holdings in B. Riley Financial were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of B. Riley Financial in the third quarter valued at about $100,000. FMR LLC raised its position in shares of B. Riley Financial by 1,085.3% in the third quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock valued at $53,000 after buying an additional 9,225 shares during the last quarter. JPMorgan Chase & Co. raised 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 buying an additional 5,920 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of B. Riley Financial by 136.0% in the third quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock valued at $114,000 after buying an additional 12,557 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of B. Riley Financial in the third quarter valued at about $29,000. 50.20% of the stock is currently owned by institutional investors and hedge funds.

B. Riley Financial Trading Down 1.6 %

Shares of RILY opened at $4.39 on Wednesday. B. Riley Financial, Inc. has a 12-month low of $2.73 and a 12-month high of $40.09. The firm has a 50-day moving average price of $4.59 and a 200 day moving average price of $5.04. The firm has a market capitalization of $133.88 million, a P/E ratio of -0.21 and a beta of 1.22.

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

Wall Street Analyst Weigh In

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

B. Riley Financial Company Profile

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.