BlackRock (BLK) disclosed a 5.1% passive stake in B. Riley Financial (RILY), which represents 1.54M shares. The filing with the SEC does not allow for activism.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RILY:
- Largest borrow rate increases among liquid names
- B. Riley Financial, founder received subpoenas in November from SEC
- B. Riley files Q2 report, says results consistent with preliminary numbers
- B. Riley jumps 17% to $4.64 after filing Q2 quarterly report
- Unusually active option classes on open January 14th