XTX Topco Ltd Takes Position in B. Riley Financial, Inc. (NASDAQ:RILY)

Key Points

• XTX Topco Ltd has acquired a new stake of 59,986 shares in B. Riley Financial, valued at approximately $232,000, representing about 0.20% of the company's total shares.
• Other hedge funds, including Federated Hermes Inc. and Bank of New York Mellon Corp, have also increased their stakes in B. Riley Financial during the 1st quarter.
• B. Riley Financial has a current share price of $5.64, a market capitalization of $172 million, and a 52-week price range between $2.67 and $9.05.

XTX Topco Ltd bought a new position in shares of B. Riley Financial, Inc. (NASDAQ:RILY - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 59,986 shares of the asset manager's stock, valued at approximately $232,000. XTX Topco Ltd owned 0.20% of B. Riley Financial at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in B. Riley Financial by 44.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager's stock valued at $44,000 after acquiring an additional 2,952 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of B. Riley Financial by 666,766.7% in the 4th quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager's stock worth $92,000 after purchasing an additional 20,003 shares during the period. Bank of New York Mellon Corp lifted its stake in B. Riley Financial by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 61,374 shares of the asset manager's stock valued at $238,000 after purchasing an additional 4,267 shares during the last quarter. Federated Hermes Inc. grew its holdings in B. Riley Financial by 144.1% during the fourth quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager's stock valued at $248,000 after purchasing an additional 31,835 shares during the period. Finally, Straight Path Wealth Management raised its stake in shares of B. Riley Financial by 12.2% in the first quarter. Straight Path Wealth Management now owns 93,500 shares of the asset manager's stock valued at $362,000 after buying an additional 10,200 shares during the period. 50.20% of the stock is owned by hedge funds and other institutional investors.

B. Riley Financial Price Performance

Shares of NASDAQ RILY traded down $0.09 during trading on Friday, reaching $6.82. 1,980,819 shares of the stock traded hands, compared to its average volume of 1,488,586. The stock has a market capitalization of $208.01 million, a P/E ratio of -0.25 and a beta of 1.45. B. Riley Financial, Inc. has a 52-week low of $2.67 and a 52-week high of $9.05. The company has a 50-day moving average of $4.29 and a 200-day moving average of $3.94.

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

B. Riley Financial 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.