B. Riley Financial, Inc. (NASDAQ:RILY) Director Buys $19,983.84 in Stock

B. Riley Financial, Inc. (NASDAQ:RILY – Get Rating) Director Renee E. Labran bought 408 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were acquired at an average price of $48.98 per share, with a total value of $19,983.84. Following the purchase, the director now owns 1,646 shares in the company, valued at $80,621.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of RILY traded down $1.62 during trading hours on Tuesday, reaching $47.32. 24,637 shares of the company traded hands, compared to its average volume of 307,933. The company has a debt-to-equity ratio of 5.13, a quick ratio of 4.68 and a current ratio of 5.46. The stock’s fifty day moving average is $61.82 and its 200 day moving average is $69.24. B. Riley Financial, Inc. has a 1-year low of $45.04 and a 1-year high of $91.24. The stock has a market cap of $1.32 billion, a P/E ratio of 8.27 and a beta of 1.78.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 20th. Shareholders of record on Wednesday, May 11th will be paid a dividend of $1.00 per share. The ex-dividend date is Tuesday, May 10th. This represents a $4.00 annualized dividend and a yield of 8.45%. B. Riley Financial’s dividend payout ratio is currently 67.57%.

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

Several large investors have recently modified their holdings of the company. UMB Bank N A MO bought a new position in shares of B. Riley Financial in the fourth quarter valued at approximately $44,000. Point72 Hong Kong Ltd acquired a new stake in B. Riley Financial during the 3rd quarter valued at $78,000. Hanseatic Management Services Inc. bought a new position in B. Riley Financial in the 4th quarter valued at $87,000. Dark Forest Capital Management LP acquired a new position in B. Riley Financial in the third quarter worth $200,000. Finally, B. Riley Wealth Management Inc. bought a new stake in shares of B. Riley Financial during the third quarter worth $201,000. Institutional investors own 59.06% of the company’s stock.

B. Riley Financial Company Profile (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 Investments-Communications, and Brands.

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