B. Riley Financial, Inc. (NASDAQ:RILY) Major Shareholder Buys $200,726.64 in Stock

B. Riley Financial, Inc. (NASDAQ:RILYGet Rating) major shareholder B. Riley Financial, Inc. acquired 15,768 shares of the firm’s stock in a transaction dated Friday, June 17th. The stock was purchased at an average cost of $12.73 per share, with a total value of $200,726.64. Following the transaction, the insider now owns 112,895 shares in the company, valued at $1,437,153.35. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

B. Riley Financial, Inc. also recently made the following trade(s):

  • On Tuesday, June 21st, B. Riley Financial, Inc. acquired 20,000 shares of B. Riley Financial stock. The stock was bought at an average price of $12.66 per share, for a total transaction of $253,200.00.
  • On Thursday, June 9th, B. Riley Financial, Inc. purchased 400 shares of B. Riley Financial stock. The stock was bought at an average price of $1.35 per share, for a total transaction of $540.00.
  • On Tuesday, June 7th, B. Riley Financial, Inc. bought 840 shares of B. Riley Financial stock. The stock was purchased at an average price of $1.50 per share, with a total value of $1,260.00.
  • On Thursday, June 2nd, B. Riley Financial, Inc. acquired 1,783 shares of B. Riley Financial stock. The stock was purchased at an average cost of $1.50 per share, for a total transaction of $2,674.50.
  • On Tuesday, May 31st, B. Riley Financial, Inc. purchased 12,299 shares of B. Riley Financial stock. The stock was bought at an average price of $1.50 per share, with a total value of $18,448.50.
  • On Wednesday, May 18th, B. Riley Financial, Inc. acquired 14,056 shares of B. Riley Financial stock. The stock was bought at an average cost of $11.00 per share, with a total value of $154,616.00.
  • On Monday, May 16th, B. Riley Financial, Inc. purchased 397 shares of B. Riley Financial stock. The shares were acquired at an average price of $1.40 per share, for a total transaction of $555.80.
  • On Friday, May 13th, B. Riley Financial, Inc. bought 135,906 shares of B. Riley Financial stock. The stock was purchased at an average cost of $1.39 per share, with a total value of $188,909.34.
  • On Wednesday, May 11th, B. Riley Financial, Inc. purchased 35,841 shares of B. Riley Financial stock. The stock was purchased at an average cost of $9.75 per share, for a total transaction of $349,449.75.
  • On Monday, May 9th, B. Riley Financial, Inc. acquired 40,000 shares of B. Riley Financial stock. The stock was acquired at an average price of $10.70 per share, with a total value of $428,000.00.

Shares of RILY traded down $0.94 on Wednesday, reaching $44.43. The company’s stock had a trading volume of 178,148 shares, compared to its average volume of 301,050. The company has a debt-to-equity ratio of 5.13, a current ratio of 5.46 and a quick ratio of 5.46. The stock has a market capitalization of $1.24 billion, a P/E ratio of 7.51 and a beta of 1.76. B. Riley Financial, Inc. has a 12-month low of $43.95 and a 12-month high of $91.24. The stock’s 50 day simple moving average is $51.67 and its two-hundred day simple moving average is $63.64.

B. Riley Financial (NASDAQ:RILYGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The asset manager reported ($0.26) EPS for the quarter. B. Riley Financial had a return on equity of 26.88% and a net margin of 13.40%. The company had revenue of $205.59 million during the quarter.

The business also recently announced a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Wednesday, May 11th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date was Tuesday, May 10th. B. Riley Financial’s dividend payout ratio is currently 67.57%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Equitec Proprietary Markets LLC boosted its stake in shares of B. Riley Financial by 51.4% during the first quarter. Equitec Proprietary Markets LLC now owns 1,032,037 shares of the asset manager’s stock valued at $72,201,000 after purchasing an additional 350,551 shares in the last quarter. Invesco Ltd. increased its holdings in shares of B. Riley Financial by 107.3% during the fourth quarter. Invesco Ltd. now owns 375,331 shares of the asset manager’s stock valued at $33,352,000 after acquiring an additional 194,293 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of B. Riley Financial by 667.4% during the first quarter. Victory Capital Management Inc. now owns 194,249 shares of the asset manager’s stock worth $8,772,000 after buying an additional 168,935 shares during the period. Soviero Asset Management LP grew its stake in B. Riley Financial by 61.5% during the 4th quarter. Soviero Asset Management LP now owns 420,000 shares of the asset manager’s stock valued at $37,321,000 after purchasing an additional 160,000 shares during the last quarter. Finally, B. Riley Asset Management LLC purchased a new position in shares of B. Riley Financial in the fourth quarter worth about $12,148,000. 59.06% of the stock is owned by institutional investors and hedge funds.

Separately, StockNews.com assumed coverage on shares of B. Riley Financial in a research note on Thursday, March 31st. They set a “hold” rating for the company.

B. Riley Financial Company Profile (Get Rating)

B. Riley Financial, Inc, through its subsidiaries, provides investment banking and financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates in six segments: Capital Markets, Wealth Management, Auction and Liquidation, Financial Consulting, Principal Investments-Communications, and Brands.

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Insider Buying and Selling by Quarter for B. Riley Financial (NASDAQ:RILY)

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