JPMorgan Chase & Co. Boosts Stake in B. Riley Financial, Inc. (NASDAQ:RILY)

JPMorgan Chase & Co. boosted its holdings in B. Riley Financial, Inc. (NASDAQ:RILY) by 37.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 21,658 shares of the asset manager’s stock after acquiring an additional 5,920 shares during the quarter. JPMorgan Chase & Co.’s holdings in B. Riley Financial were worth $114,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in RILY. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of B. Riley Financial in the third quarter valued at about $29,000. FMR LLC increased its holdings in 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 in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of B. Riley Financial during the 3rd quarter worth approximately $70,000. Sanctuary Advisors LLC acquired a new stake in shares of B. Riley Financial in the 3rd quarter worth approximately $100,000. Finally, BNP Paribas Financial Markets increased its stake in B. Riley Financial by 136.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock valued at $114,000 after purchasing an additional 12,557 shares in the last quarter. 50.20% of the stock is currently owned by hedge funds and other institutional investors.

B. Riley Financial Price Performance

Shares of NASDAQ RILY opened at $4.61 on Monday. The company has a 50-day simple moving average of $4.94 and a 200-day simple moving average of $6.78. The company has a market cap of $140.61 million, a PE ratio of -0.22 and a beta of 1.30. B. Riley Financial, Inc. has a 12 month low of $3.94 and a 12 month high of $40.09.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings results on Monday, January 13th. The asset manager reported ($14.35) EPS for 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 raised shares of B. Riley Financial to a “sell” rating in a research note on Tuesday, January 14th.

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.