Invesco Ltd. Acquires 7,160 Shares of B. Riley Financial, Inc. $RILY

Invesco Ltd. boosted its holdings in B. Riley Financial, Inc. (NASDAQ:RILY) by 4.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 161,794 shares of the asset manager’s stock after purchasing an additional 7,160 shares during the quarter. Invesco Ltd. owned about 0.53% of B. Riley Financial worth $626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased 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 valued at $238,000 after acquiring an additional 4,267 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of B. Riley Financial by 110.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 417,155 shares of the asset manager’s stock valued at $1,614,000 after acquiring an additional 219,114 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of B. Riley Financial during the first quarter valued at approximately $232,000. Toronto Dominion Bank increased its holdings in shares of B. Riley Financial by 666,766.7% during 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. increased its holdings in shares of B. Riley Financial by 87.5% during the first quarter. Federated Hermes Inc. now owns 101,113 shares of the asset manager’s stock valued at $391,000 after acquiring an additional 47,187 shares in the last quarter. Institutional investors own 50.20% of the company’s stock.

B. Riley Financial Stock Down 5.6%

NASDAQ RILY opened at $5.08 on Friday. The company has a market cap of $154.94 million, a price-to-earnings ratio of -0.20 and a beta of 1.46. B. Riley Financial, Inc. has a 52 week low of $2.67 and a 52 week high of $7.43. The business has a 50 day moving average price of $5.10 and a 200-day moving average price of $4.06.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results 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 during 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.