B. Riley Financial (NASDAQ:RILY) is scheduled to release its earnings data after the market closes on Monday, November 5th.
B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings results on Thursday, August 2nd. The asset manager reported $0.78 earnings per share for the quarter. B. Riley Financial had a net margin of 3.72% and a return on equity of 17.08%. The firm had revenue of $125.50 million for the quarter.
Shares of RILY stock opened at $19.05 on Friday. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 5.09. B. Riley Financial has a 12 month low of $15.75 and a 12 month high of $23.70. The stock has a market cap of $497.72 million, a price-to-earnings ratio of 11.21 and a beta of 1.07.
In other news, major shareholder B. Riley Financial, Inc. bought 5,850 shares of B. Riley Financial stock in a transaction on Wednesday, October 31st. The shares were bought at an average cost of $9.25 per share, with a total value of $54,112.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 63,589 shares of company stock worth $652,380 over the last ninety days. 24.20% of the stock is owned by insiders.
A hedge fund recently raised its stake in B. Riley Financial stock. Bank of New York Mellon Corp boosted its position in shares of B. Riley Financial Inc (NASDAQ:RILY) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,927 shares of the asset manager’s stock after purchasing an additional 5,193 shares during the period. Bank of New York Mellon Corp owned approximately 0.54% of B. Riley Financial worth $3,179,000 at the end of the most recent quarter. 46.84% of the stock is currently owned by institutional investors.
Separately, BidaskClub downgraded shares of B. Riley Financial from a “hold” rating to a “sell” rating in a research note on Friday, September 14th.
About B. Riley Financial
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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