B. Riley Financial Inc (RILY) Major Shareholder B. Riley Financial, Inc. Purchases 4,515 Shares of Stock

B. Riley Financial Inc (NASDAQ:RILY) major shareholder B. Riley Financial, Inc. purchased 4,515 shares of the business’s stock in a transaction on Monday, November 5th. The stock was purchased at an average cost of $9.03 per share, with a total value of $40,770.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Friday, November 2nd, B. Riley Financial, Inc. purchased 1,245 shares of B. Riley Financial stock. The stock was purchased at an average cost of $9.15 per share, with a total value of $11,391.75.
  • On Wednesday, October 31st, B. Riley Financial, Inc. purchased 5,850 shares of B. Riley Financial stock. The stock was purchased at an average cost of $9.25 per share, with a total value of $54,112.50.
  • On Monday, October 29th, B. Riley Financial, Inc. purchased 4,959 shares of B. Riley Financial stock. The stock was purchased at an average cost of $9.55 per share, with a total value of $47,358.45.
  • On Thursday, October 25th, B. Riley Financial, Inc. purchased 511 shares of B. Riley Financial stock. The stock was purchased at an average cost of $9.90 per share, with a total value of $5,058.90.
  • On Monday, October 22nd, B. Riley Financial, Inc. purchased 83 shares of B. Riley Financial stock. The stock was purchased at an average cost of $9.90 per share, with a total value of $821.70.
  • On Friday, October 19th, B. Riley Financial, Inc. purchased 16 shares of B. Riley Financial stock. The stock was purchased at an average cost of $9.90 per share, with a total value of $158.40.
  • On Tuesday, October 16th, B. Riley Financial, Inc. purchased 13,734 shares of B. Riley Financial stock. The stock was purchased at an average cost of $10.23 per share, with a total value of $140,498.82.
  • On Thursday, October 11th, B. Riley Financial, Inc. purchased 3,518 shares of B. Riley Financial stock. The stock was purchased at an average cost of $10.24 per share, with a total value of $36,024.32.
  • On Monday, October 8th, B. Riley Financial, Inc. acquired 203 shares of B. Riley Financial stock. The shares were bought at an average price of $10.30 per share, for a total transaction of $2,090.90.
  • On Friday, October 5th, B. Riley Financial, Inc. acquired 10,486 shares of B. Riley Financial stock. The shares were bought at an average price of $10.48 per share, for a total transaction of $109,893.28.

Shares of RILY traded down $0.49 during midday trading on Wednesday, hitting $18.61. The stock had a trading volume of 155 shares, compared to its average volume of 34,259. B. Riley Financial Inc has a 1 year low of $15.75 and a 1 year high of $23.70. The company has a market cap of $497.72 million, a P/E ratio of 11.21 and a beta of 1.07. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 5.09.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, November 15th.

Separately, BidaskClub upgraded shares of B. Riley Financial from a “sell” rating to a “hold” rating in a research report on Friday, September 21st.

Institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP raised its holdings in B. Riley Financial by 34.3% in the 2nd quarter. Royce & Associates LP now owns 742,452 shares of the asset manager’s stock valued at $16,742,000 after acquiring an additional 189,457 shares in the last quarter. Acuitas Investments LLC lifted its stake in shares of B. Riley Financial by 292.9% in the 2nd quarter. Acuitas Investments LLC now owns 111,469 shares of the asset manager’s stock valued at $2,514,000 after purchasing an additional 83,097 shares in the last quarter. BlackRock Inc. lifted its stake in shares of B. Riley Financial by 4.3% in the 2nd quarter. BlackRock Inc. now owns 1,206,567 shares of the asset manager’s stock valued at $27,207,000 after purchasing an additional 49,250 shares in the last quarter. Legato Capital Management LLC acquired a new position in shares of B. Riley Financial in the 2nd quarter valued at about $1,034,000. Finally, Renaissance Technologies LLC acquired a new position in shares of B. Riley Financial in the 2nd quarter valued at about $745,000. 46.63% of the stock is currently owned by institutional investors and hedge funds.

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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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