B. Riley Financial, Inc. (NASDAQ:RILY) Director Acquires $476,800.00 in Stock

B. Riley Financial, Inc. (NASDAQ:RILYGet Rating) Director Michael Joseph Sheldon purchased 10,000 shares of B. Riley Financial stock in a transaction dated Monday, May 2nd. The stock was bought at an average cost of $47.68 per share, for a total transaction of $476,800.00. Following the completion of the purchase, the director now directly owns 43,164 shares in the company, valued at approximately $2,058,059.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of RILY stock traded up $1.99 on Tuesday, hitting $50.25. The stock had a trading volume of 12,417 shares, compared to its average volume of 342,455. The company has a debt-to-equity ratio of 5.13, a current ratio of 5.46 and a quick ratio of 4.68. The firm has a market capitalization of $1.40 billion, a P/E ratio of 8.16 and a beta of 1.78. B. Riley Financial, Inc. has a 1 year low of $45.04 and a 1 year high of $91.24. The company’s 50 day moving average price is $62.65 and its 200-day moving average price is $69.61.

B. Riley Financial (NASDAQ:RILYGet Rating) last released its earnings results on Wednesday, February 23rd. The asset manager reported $2.39 earnings per share for the quarter. The company had revenue of $422.11 million during the quarter. B. Riley Financial had a return on equity of 26.88% and a net margin of 13.40%.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Investors of record on Wednesday, May 11th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 7.96%. The ex-dividend date of this dividend is Tuesday, May 10th. B. Riley Financial’s payout ratio is currently 67.57%.

Institutional investors have recently added to or reduced their stakes in the business. XML Financial LLC purchased a new position in B. Riley Financial in the 1st quarter valued at approximately $574,000. National Asset Management Inc. purchased a new position in B. Riley Financial in the first quarter valued at $472,000. Steward Partners Investment Advisory LLC grew its stake in B. Riley Financial by 76.5% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 20,087 shares of the asset manager’s stock worth $1,405,000 after purchasing an additional 8,707 shares in the last quarter. Straight Path Wealth Management increased its holdings in B. Riley Financial by 280.5% during the 1st quarter. Straight Path Wealth Management now owns 15,600 shares of the asset manager’s stock worth $1,091,000 after purchasing an additional 11,500 shares during the period. Finally, Summit Global Investments acquired a new stake in B. Riley Financial in the 1st quarter valued at about $1,182,000. Institutional investors own 59.06% of the company’s stock.

Separately, StockNews.com assumed coverage on B. Riley Financial in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

About B. Riley Financial (Get Rating)

B. Riley Financial, Inc, through its subsidiaries, provides investment banking and financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates in six segments: Capital Markets, Wealth Management, Auction and Liquidation, Financial Consulting, Principal InvestmentsÂ-Communications, and Brands.

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