B. Riley Financial Discloses $44.65M Alta Equipment, $40.07M Babcock & Wilcox Stakes

TL;DR

**B. Riley's 13F shows big bets on Alta Equipment and Babcock & Wilcox, signaling conviction in those names.**

AI Summary

B. Riley Financial, Inc. (BRF) filed its 13F-HR on February 12, 2024, revealing its equity holdings as of December 31, 2023. The filing shows significant positions in several companies, including a substantial $44.65 million stake in Alta Equipment Group Inc. and a $40.07 million holding in Babcock & Wilcox Enterprises. This matters to investors because it provides transparency into BRF's investment strategy and conviction in these specific companies, which could influence their own investment decisions.

Why It Matters

This filing offers a look into B. Riley Financial's investment portfolio, indicating where the firm sees value and potentially signaling future trends or opportunities in those sectors.

Risk Assessment

Risk Level: medium — The portfolio includes a mix of established companies and smaller, potentially more volatile holdings, indicating a moderate risk appetite.

Analyst Insight

Investors should review the specific holdings, particularly the larger ones like Alta Equipment Group and Babcock & Wilcox, to understand B. Riley Financial's sector focus and potentially identify undervalued opportunities or confirm existing investment theses.

Key Numbers

• $44.65M — Alta Equipment Group Inc. holding value (Represents B. Riley Financial's largest disclosed equity position as of December 31, 2023.)
• $40.07M — Babcock & Wilcox Enterprises holding value (Represents B. Riley Financial's second-largest disclosed equity position as of December 31, 2023.)
• 3,609,763 — Shares of Alta Equipment Group Inc. (The number of shares B. Riley Financial held in its largest position.)
• 27,446,522 — Shares of Babcock & Wilcox Enterprises (The number of shares B. Riley Financial held in its second-largest position.)
• 20231231 — Conformed Period of Report (The date for which the reported holdings are accurate, indicating the snapshot of the portfolio.)

Key Players & Entities

• B. Riley Financial, Inc. (company) — the filer of the 13F-HR
• Bryant R. Riley (person) — Co-Chief Executive Officer who signed the filing
• Alta Equipment Group Inc. (company) — a significant holding in B. Riley's portfolio
• Babcock & Wilcox Enterprises (company) — a significant holding in B. Riley's portfolio
• $44,652,769 (dollar_amount) — value of B. Riley's holding in Alta Equipment Group Inc.
• $40,071,922 (dollar_amount) — value of B. Riley's holding in Babcock & Wilcox Enterprises

Forward-Looking Statements

• B. Riley Financial will maintain or increase its stake in Alta Equipment Group Inc. in the next quarter. (Alta Equipment Group Inc.) — medium confidence, target: 2024-03-31
• B. Riley Financial's investment in Babcock & Wilcox Enterprises reflects a long-term bullish outlook on the energy sector. (Babcock & Wilcox Enterprises) — medium confidence, target: 2024-12-31

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• infotable.html (INFORMATION TABLE)
• infotable.xml (INFORMATION TABLE) — 10KB
• 0001213900-24-012665.txt ( ) — 13KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: B. Riley Financial, Inc. Address: 11100 Santa Monica Blvd Suite 800 Los Angeles , CA   90025 Form 13F File Number: 028-17148 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Bryant R. Riley Title: Co-Chief Executive Officer Phone: 310-966-1444 Signature, Place, and Date of Signing: /s/ Bryant R. Riley Los Angeles ,  CA 02-12-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)    13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 20 Form 13F Information Table Value Total: 156,931,404 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] NONE

View Full Filing

View this 13F-HR filing on SEC EDGAR