Media stories about B. Riley Financial (NASDAQ:RILY) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. B. Riley Financial earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 46.6074240133897 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
Separately, BidaskClub downgraded shares of B. Riley Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd.
Shares of B. Riley Financial stock traded up $0.20 during trading hours on Tuesday, reaching $20.85. The stock had a trading volume of 203 shares, compared to its average volume of 39,699. The company has a market cap of $552.22 million, a P/E ratio of 16.05 and a beta of 0.80. B. Riley Financial has a twelve month low of $13.70 and a twelve month high of $22.00. The company has a debt-to-equity ratio of 3.92, a quick ratio of 4.35 and a current ratio of 4.35.
B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings data on Monday, May 7th. The asset manager reported $0.24 earnings per share for the quarter. The business had revenue of $95.78 million during the quarter. B. Riley Financial had a net margin of 0.56% and a return on equity of 12.71%.
B. Riley Financial declared that its Board of Directors has authorized a share repurchase program on Monday, March 19th that permits the company to repurchase $17.30 million in shares. This repurchase authorization permits the asset manager to buy shares of its stock through a private placement purchase. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Monday, May 21st will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.53%.
In related news, Chairman Bryant R. Riley purchased 7,200 shares of B. Riley Financial stock in a transaction that occurred on Tuesday, March 13th. The stock was purchased at an average price of $18.65 per share, for a total transaction of $134,280.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Bryant R. Riley purchased 221,181 shares of B. Riley Financial stock in a transaction that occurred on Friday, March 16th. The shares were bought at an average price of $18.25 per share, with a total value of $4,036,553.25. The disclosure for this purchase can be found here. Corporate insiders own 30.90% of the company’s stock.
B. Riley Financial Company Profile
B. Riley Financial, Inc provides 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. It offers investment banking services, including merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements; and corporate finance, research, securities lending, wealth management, and sales and trading services to corporate, institutional, and high net worth clients.
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