B. Riley Financial Inc (RILY) Major Shareholder B. Riley Financial, Inc. Purchases 3,518 Shares of Stock

B. Riley Financial Inc (NASDAQ:RILY) major shareholder B. Riley Financial, Inc. purchased 3,518 shares of the business’s stock in a transaction dated Thursday, October 11th. The shares were bought at an average price of $10.24 per share, with a total value of $36,024.32. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Monday, October 8th, B. Riley Financial, Inc. purchased 203 shares of B. Riley Financial stock. The shares were bought at an average price of $10.30 per share, with a total value of $2,090.90.
  • On Friday, October 5th, B. Riley Financial, Inc. purchased 10,486 shares of B. Riley Financial stock. The shares were bought at an average price of $10.48 per share, with a total value of $109,893.28.
  • On Wednesday, October 3rd, B. Riley Financial, Inc. purchased 3,018 shares of B. Riley Financial stock. The shares were bought at an average price of $10.46 per share, with a total value of $31,568.28.
  • On Monday, October 1st, B. Riley Financial, Inc. purchased 14,503 shares of B. Riley Financial stock. The shares were bought at an average price of $10.55 per share, with a total value of $153,006.65.
  • On Thursday, September 27th, B. Riley Financial, Inc. purchased 5,783 shares of B. Riley Financial stock. The shares were bought at an average price of $10.79 per share, with a total value of $62,398.57.
  • On Tuesday, August 14th, B. Riley Financial, Inc. purchased 925 shares of B. Riley Financial stock. The shares were bought at an average price of $10.15 per share, with a total value of $9,388.75.

Shares of B. Riley Financial stock traded down $0.30 during trading hours on Friday, hitting $19.70. 65,054 shares of the company were exchanged, compared to its average volume of 53,731. B. Riley Financial Inc has a 1 year low of $15.75 and a 1 year high of $23.70. The company has a debt-to-equity ratio of 5.09, a current ratio of 2.62 and a quick ratio of 2.62. The stock has a market capitalization of $591.78 million, a PE ratio of 13.32 and a beta of 0.84.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings data on Thursday, August 2nd. The asset manager reported $0.78 earnings per share for the quarter. B. Riley Financial had a return on equity of 17.08% and a net margin of 3.72%. The firm had revenue of $125.50 million for the quarter.

A number of hedge funds have recently made changes to their positions in the stock. Legato Capital Management LLC grew its holdings in B. Riley Financial by 90.7% during the third quarter. Legato Capital Management LLC now owns 87,420 shares of the asset manager’s stock worth $1,980,000 after acquiring an additional 41,570 shares during the period. Northern Trust Corp grew its holdings in B. Riley Financial by 5.0% during the second quarter. Northern Trust Corp now owns 221,834 shares of the asset manager’s stock worth $5,003,000 after acquiring an additional 10,568 shares during the period. Bank of New York Mellon Corp grew its holdings in B. Riley Financial by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 140,927 shares of the asset manager’s stock worth $3,179,000 after acquiring an additional 5,193 shares during the period. Renaissance Technologies LLC acquired a new position in B. Riley Financial during the second quarter worth $745,000. Finally, Acuitas Investments LLC grew its holdings in B. Riley Financial by 292.9% during the second quarter. Acuitas Investments LLC now owns 111,469 shares of the asset manager’s stock worth $2,514,000 after acquiring an additional 83,097 shares during the period. 47.07% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub cut B. Riley Financial from a “hold” rating to a “sell” rating in a research note on Friday, September 14th.

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

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