Charles Schwab Investment Management Inc. Has $1.61 Million Stock Position in B. Riley Financial, Inc. $RILY

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in B. Riley Financial by 110.6% in Q1, acquiring an additional 219,114 shares, bringing its total ownership to 1.37% valued at approximately $1.6 million.
• Other institutional investors, including Federated Hermes and Toronto Dominion Bank, have significantly boosted their stakes in B. Riley Financial, highlighting an overall interest from hedge funds and institutional investors who now own over 50% of the company’s stock.
• B. Riley Financial's stock has seen a decline of 3.7%, with a current trading price of $5.51, despite a market capitalization of $168.06 million and a twelve-month trading range between $2.67 and $7.43.

Charles Schwab Investment Management Inc. lifted its stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY - Free Report) by 110.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 417,155 shares of the asset manager's stock after purchasing an additional 219,114 shares during the period. Charles Schwab Investment Management Inc. owned about 1.37% of B. Riley Financial worth $1,614,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in shares of B. Riley Financial during the first quarter valued at approximately $232,000. Federated Hermes Inc. raised its holdings in B. Riley Financial by 87.5% during the 1st quarter. Federated Hermes Inc. now owns 101,113 shares of the asset manager's stock worth $391,000 after buying an additional 47,187 shares during the period. Bank of New York Mellon Corp raised its holdings in B. Riley Financial by 7.5% during the 1st quarter. Bank of New York Mellon Corp now owns 61,374 shares of the asset manager's stock worth $238,000 after buying an additional 4,267 shares during the period. Straight Path Wealth Management raised its holdings in B. Riley Financial by 12.2% during the 1st quarter. Straight Path Wealth Management now owns 93,500 shares of the asset manager's stock worth $362,000 after buying an additional 10,200 shares during the period. Finally, Toronto Dominion Bank raised its holdings in B. Riley Financial by 666,766.7% during the 4th quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager's stock worth $92,000 after buying an additional 20,003 shares during the period. Institutional investors own 50.20% of the company's stock.

B. Riley Financial Price Performance

NASDAQ RILY traded up $0.03 on Friday, hitting $5.11. 103,239 shares of the stock were exchanged, compared to its average volume of 1,446,529. The company's 50-day moving average price is $5.10 and its two-hundred day moving average price is $4.06. B. Riley Financial, Inc. has a 52-week low of $2.67 and a 52-week high of $7.43. The company has a market capitalization of $155.79 million, a price-to-earnings ratio of -0.20 and a beta of 1.46.

B. Riley Financial (NASDAQ:RILY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The asset manager reported ($7.74) earnings per share (EPS) for the quarter. The company had revenue of $201.38 million for the quarter.

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.