Cambria Investment Management L.P. Sells 4,690 Shares of B. Riley Financial Inc (RILY)

Cambria Investment Management L.P. trimmed its holdings in shares of B. Riley Financial Inc (NASDAQ:RILY) by 25.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 13,405 shares of the asset manager’s stock after selling 4,690 shares during the quarter. Cambria Investment Management L.P.’s holdings in B. Riley Financial were worth $224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of B. Riley Financial by 1.7% during the 4th quarter. BlackRock Inc. now owns 1,239,377 shares of the asset manager’s stock valued at $17,600,000 after buying an additional 20,535 shares in the last quarter. Vanguard Group Inc raised its position in shares of B. Riley Financial by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 858,143 shares of the asset manager’s stock valued at $19,437,000 after buying an additional 6,609 shares in the last quarter. Vanguard Group Inc. raised its position in shares of B. Riley Financial by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 858,143 shares of the asset manager’s stock valued at $19,437,000 after buying an additional 6,609 shares in the last quarter. Royce & Associates LP raised its position in shares of B. Riley Financial by 4.2% during the 4th quarter. Royce & Associates LP now owns 813,007 shares of the asset manager’s stock valued at $11,545,000 after buying an additional 32,855 shares in the last quarter. Finally, Equitec Proprietary Markets LLC raised its position in shares of B. Riley Financial by 13.4% during the 4th quarter. Equitec Proprietary Markets LLC now owns 276,837 shares of the asset manager’s stock valued at $3,931,000 after buying an additional 32,733 shares in the last quarter. Hedge funds and other institutional investors own 45.46% of the company’s stock.

Separately, BidaskClub upgraded shares of B. Riley Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th.



In related news, major shareholder B. Riley Financial, Inc. sold 10,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $7.32, for a total transaction of $73,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Bryant R. Riley purchased 3,110 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of $16.82 per share, for a total transaction of $52,310.20. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 141,259 shares of company stock worth $2,495,459 and have sold 24,508 shares worth $185,663. Corporate insiders own 24.60% of the company’s stock.

Shares of NASDAQ:RILY opened at $20.32 on Friday. The stock has a market cap of $539.96 million, a P/E ratio of 13.56 and a beta of 1.24. B. Riley Financial Inc has a 12 month low of $13.60 and a 12 month high of $23.70. The company has a debt-to-equity ratio of 5.47, a quick ratio of 3.40 and a current ratio of 3.40.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings results on Tuesday, March 5th. The asset manager reported ($0.06) EPS for the quarter. The firm had revenue of $102.03 million for the quarter. B. Riley Financial had a net margin of 4.05% and a return on equity of 14.44%.

The company also recently declared a None dividend, which will be paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a yield of 1.64%.

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About B. Riley Financial

B. Riley Financial, Inc, through its subsidiaries, provides collaborative financial services and solutions in North America, Australia, and Europe. The company operates in four segments: Capital Markets, Auction and Liquidation, Valuation and Appraisal, and Principal Investments – United Online and magicJack.

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Institutional Ownership by Quarter for B. Riley Financial (NASDAQ:RILY)

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