B. Riley Financial Inc (RILY) Major Shareholder B. Riley Financial, Inc. Purchases 3,306 Shares

B. Riley Financial Inc (NASDAQ:RILY) major shareholder B. Riley Financial, Inc. purchased 3,306 shares of the stock in a transaction dated Thursday, December 6th. The stock was acquired at an average price of $7.89 per share, for a total transaction of $26,084.34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% 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, December 4th, B. Riley Financial, Inc. bought 451 shares of B. Riley Financial stock. The shares were purchased at an average price of $7.95 per share, for a total transaction of $3,585.45.
  • On Monday, November 19th, B. Riley Financial, Inc. bought 7,237 shares of B. Riley Financial stock. The shares were purchased at an average price of $8.24 per share, for a total transaction of $59,632.88.
  • On Friday, November 16th, B. Riley Financial, Inc. bought 190 shares of B. Riley Financial stock. The shares were purchased at an average price of $8.40 per share, for a total transaction of $1,596.00.
  • On Wednesday, November 14th, B. Riley Financial, Inc. bought 962 shares of B. Riley Financial stock. The shares were purchased at an average price of $8.45 per share, for a total transaction of $8,128.90.
  • On Monday, November 12th, B. Riley Financial, Inc. bought 1,592 shares of B. Riley Financial stock. The shares were purchased at an average price of $8.56 per share, for a total transaction of $13,627.52.
  • On Friday, November 9th, B. Riley Financial, Inc. bought 252 shares of B. Riley Financial stock. The shares were purchased at an average price of $8.60 per share, for a total transaction of $2,167.20.
  • On Wednesday, November 7th, B. Riley Financial, Inc. bought 1,700 shares of B. Riley Financial stock. The shares were purchased at an average price of $8.86 per share, for a total transaction of $15,062.00.
  • On Monday, November 5th, B. Riley Financial, Inc. bought 4,515 shares of B. Riley Financial stock. The shares were purchased at an average price of $9.03 per share, for a total transaction of $40,770.45.
  • On Friday, November 2nd, B. Riley Financial, Inc. bought 1,245 shares of B. Riley Financial stock. The shares were purchased at an average price of $9.15 per share, for a total transaction of $11,391.75.
  • On Wednesday, October 31st, B. Riley Financial, Inc. bought 5,850 shares of B. Riley Financial stock. The shares were purchased at an average price of $9.25 per share, for a total transaction of $54,112.50.

NASDAQ RILY traded down $0.48 during mid-day trading on Friday, reaching $17.35. 75,806 shares of the stock were exchanged, compared to its average volume of 30,150. B. Riley Financial Inc has a 1-year low of $17.05 and a 1-year high of $23.70. The firm has a market cap of $473.46 million, a P/E ratio of 11.43 and a beta of 1.13. The company has a debt-to-equity ratio of 5.54, a quick ratio of 4.34 and a current ratio of 4.34.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.84%.

Separately, BidaskClub lowered shares of B. Riley Financial from a “hold” rating to a “sell” rating in a research report on Friday, September 14th.

A number of hedge funds and other institutional investors have recently made changes to their positions in RILY. Alliancebernstein L.P. acquired a new stake in B. Riley Financial during the third quarter worth approximately $203,000. Royal Bank of Canada boosted its position in B. Riley Financial by 718.7% during the first quarter. Royal Bank of Canada now owns 12,943 shares of the asset manager’s stock worth $252,000 after acquiring an additional 11,362 shares during the last quarter. MetLife Investment Advisors LLC boosted its position in B. Riley Financial by 54.7% during the third quarter. MetLife Investment Advisors LLC now owns 16,424 shares of the asset manager’s stock worth $372,000 after acquiring an additional 5,804 shares during the last quarter. Alps Advisors Inc. acquired a new stake in B. Riley Financial during the second quarter worth approximately $504,000. Finally, Swiss National Bank purchased a new position in B. Riley Financial during the second quarter worth approximately $571,000. Hedge funds and other institutional investors own 47.04% of the company’s stock.

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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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