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 purchased a new stake in B. Riley Financial, Inc. (NASDAQ:RILY - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 59,986 shares of the asset manager's stock, valued at approximately $232,000. XTX Topco Ltd owned about 0.20% of B. Riley Financial at the end of the most recent reporting period.

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

B. Riley Financial Price Performance

B. Riley Financial stock traded down $0.09 during midday trading on Friday, hitting $6.82. The company's stock had a trading volume of 1,980,819 shares, compared to its average volume of 1,496,244. The company has a 50-day moving average price of $4.36 and a two-hundred day moving average price of $3.95. B. Riley Financial, Inc. has a 1-year low of $2.67 and a 1-year high of $9.05. The company has a market cap of $208.01 million, a price-to-earnings ratio of -0.25 and a beta of 1.45.

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

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.