Charles Schwab Investment Management Inc. Has $909,000 Stake in B. Riley Financial, Inc. (NASDAQ:RILY)

Charles Schwab Investment Management Inc. reduced its holdings in shares of B. Riley Financial, Inc. (NASDAQ:RILY) by 26.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 198,041 shares of the asset manager’s stock after selling 69,535 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in B. Riley Financial were worth $909,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in B. Riley Financial during the third quarter worth $29,000. JPMorgan Chase & Co. lifted its stake in shares of B. Riley Financial by 37.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,658 shares of the asset manager’s stock worth $114,000 after buying an additional 5,920 shares during the last quarter. Albion Financial Group UT bought a new stake in shares of B. Riley Financial during the 4th quarter worth about $30,000. Jones Financial Companies Lllp grew its stake in B. Riley Financial by 1,049.1% in the 4th quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager’s stock valued at $45,000 after buying an additional 8,865 shares during the last quarter. Finally, FMR LLC raised its holdings in B. Riley Financial by 1,085.3% in the 3rd quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock valued at $53,000 after acquiring an additional 9,225 shares during the period. 50.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded B. Riley Financial to a “sell” rating in a report on Monday, February 24th.

B. Riley Financial Price Performance

RILY opened at $4.00 on Monday. The business has a fifty day simple moving average of $4.52 and a 200 day simple moving average of $4.96. B. Riley Financial, Inc. has a 1 year low of $2.73 and a 1 year high of $40.09. The company has a market capitalization of $121.99 million, a PE ratio of -0.19 and a beta of 1.23.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results on Friday, February 21st. The asset manager reported ($4.97) earnings per share (EPS) for the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%. The business had revenue of $199.31 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.