JPMorgan Chase & Co. Purchases 5,920 Shares of B. Riley Financial, Inc. (NASDAQ:RILY)

JPMorgan Chase & Co. raised its position in B. Riley Financial, Inc. (NASDAQ:RILY) by 37.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,658 shares of the asset manager’s stock after acquiring an additional 5,920 shares during the period. JPMorgan Chase & Co. owned approximately 0.07% of B. Riley Financial worth $114,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in B. Riley Financial during the third quarter worth about $29,000. FMR LLC boosted 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 purchasing an additional 9,225 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of B. Riley Financial in the third quarter valued at approximately $70,000. Sanctuary Advisors LLC acquired a new position in shares of B. Riley Financial during the 3rd quarter worth approximately $100,000. Finally, BNP Paribas Financial Markets lifted its position in shares of B. Riley Financial by 136.0% during the 3rd 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 in the last quarter. 50.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of B. Riley Financial to a “sell” rating in a research note on Tuesday, January 14th.

B. Riley Financial Stock Performance

NASDAQ RILY opened at $4.61 on Monday. The stock’s fifty day moving average is $4.94 and its two-hundred day moving average is $6.78. B. Riley Financial, Inc. has a fifty-two week low of $3.94 and a fifty-two week high of $40.09. The firm has a market capitalization of $140.61 million, a P/E ratio of -0.22 and a beta of 1.30.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results on Monday, January 13th. The asset manager reported ($14.35) 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%.

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.