B. Riley Financial Inc (NASDAQ:RILY) CEO Bryant R. Riley bought 11,731 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average cost of $20.53 per share, with a total value of $240,837.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:RILY traded up $0.16 during trading hours on Thursday, reaching $20.27. The stock had a trading volume of 521 shares, compared to its average volume of 43,499. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 5.47. The stock has a 50 day moving average of $19.90. B. Riley Financial Inc has a 12-month low of $13.60 and a 12-month high of $23.25. The firm has a market capitalization of $546.59 million, a PE ratio of 12.59 and a beta of 0.89.
B. Riley Financial (NASDAQ:RILY) last released its earnings results on Thursday, August 1st. The asset manager reported $0.96 earnings per share (EPS) for the quarter. B. Riley Financial had a return on equity of 16.41% and a net margin of 4.76%. The business had revenue of $164.68 million during the quarter.
The company also recently announced a None dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be given a $0.50 dividend. The ex-dividend date is Wednesday, August 14th.
A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in B. Riley Financial by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 148,309 shares of the asset manager’s stock worth $3,094,000 after buying an additional 1,382 shares during the last quarter. Aperio Group LLC purchased a new stake in B. Riley Financial in the second quarter worth $29,000. Argent Capital Management LLC increased its position in B. Riley Financial by 1.3% in the second quarter. Argent Capital Management LLC now owns 134,153 shares of the asset manager’s stock worth $2,798,000 after buying an additional 1,675 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in B. Riley Financial by 3.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 48,138 shares of the asset manager’s stock worth $1,005,000 after buying an additional 1,697 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in B. Riley Financial in the second quarter worth $40,000. 45.91% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub raised B. Riley Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st.
About B. Riley Financial
B. Riley Financial, Inc, through its subsidiaries, provides collaborative 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 and magicJack.
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