Published on 15 Apr 2024 on Insider Monkey via Yahoo Finance
White Brook Sold B. Riley Financial (RILY) in Q1
White Brook Capital Partners, an investment management firm, released its first quarter 2024 investor letter, a copy of which can be downloaded here. White Brook Capital Partners returned 3.26% compared to 9.96% for the S&P Midcap 400. In Q1, the AI sector boosted the S&P 500 and Nasdaq, continuing a previous trend. However, the release of competitive AI chips and shifting interest rate expectations have created uncertainty about the sector's profitability and caused the momentum of the S&P 500 to decrease. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
White Brook Capital Partners featured stocks like B. Riley Financial, Inc. (NASDAQ:RILY) in the first quarter 2024 investor letter. Headquartered in Los Angeles, California, B. Riley Financial, Inc. (NASDAQ:RILY) is a financial company that provides investment banking and financial services. On April 12, 2024, B. Riley Financial, Inc. (NASDAQ:RILY) stock closed at $21.27 per share. One-month return of B. Riley Financial, Inc. (NASDAQ:RILY) was 23.95%, and its shares lost 28.34% of their value over the last 52 weeks. B. Riley Financial, Inc. (NASDAQ:RILY) has a market capitalization of $650.498 million.