Insider Buying: B. Riley Financial, Inc. (NASDAQ:RILY) Major Shareholder Buys 35,841 Shares of Stock

B. Riley Financial, Inc. (NASDAQ:RILYGet Rating) major shareholder B. Riley Financial, Inc. acquired 35,841 shares of the company’s stock in a transaction on Wednesday, May 11th. The stock was acquired at an average cost of $9.75 per share, with a total value of $349,449.75. Following the completion of the purchase, the insider now directly owns 5,856,713 shares in the company, valued at $57,102,951.75. The purchase was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 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 Monday, May 9th, B. Riley Financial, Inc. acquired 40,000 shares of B. Riley Financial stock. The stock was acquired at an average cost of $10.70 per share, with a total value of $428,000.00.
  • On Friday, May 6th, B. Riley Financial, Inc. acquired 47,649 shares of B. Riley Financial stock. The stock was acquired at an average cost of $13.23 per share, with a total value of $630,396.27.
  • On Friday, April 29th, B. Riley Financial, Inc. acquired 50,506 shares of B. Riley Financial stock. The stock was acquired at an average cost of $11.25 per share, with a total value of $568,192.50.
  • On Wednesday, April 27th, B. Riley Financial, Inc. acquired 1,966 shares of B. Riley Financial stock. The stock was acquired at an average cost of $11.40 per share, with a total value of $22,412.40.
  • On Monday, April 25th, B. Riley Financial, Inc. purchased 18,500 shares of B. Riley Financial stock. The shares were purchased at an average cost of $11.37 per share, with a total value of $210,345.00.
  • On Friday, April 22nd, B. Riley Financial, Inc. purchased 25,315 shares of B. Riley Financial stock. The shares were purchased at an average cost of $11.50 per share, with a total value of $291,122.50.
  • On Tuesday, April 19th, B. Riley Financial, Inc. purchased 13,357 shares of B. Riley Financial stock. The shares were purchased at an average cost of $11.49 per share, with a total value of $153,471.93.
  • On Friday, March 11th, B. Riley Financial, Inc. purchased 133,117 shares of B. Riley Financial stock. The shares were purchased at an average cost of $1.21 per share, with a total value of $161,071.57.
  • On Monday, March 7th, B. Riley Financial, Inc. purchased 19,856 shares of B. Riley Financial stock. The shares were purchased at an average cost of $8.25 per share, with a total value of $163,812.00.
  • On Friday, March 4th, B. Riley Financial, Inc. purchased 44,147 shares of B. Riley Financial stock. The shares were purchased at an average cost of $8.22 per share, with a total value of $362,888.34.

Shares of RILY opened at $45.79 on Thursday. B. Riley Financial, Inc. has a 1-year low of $45.04 and a 1-year high of $91.24. The company has a 50-day moving average of $61.06 and a 200 day moving average of $68.93. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 7.73 and a beta of 1.78. The company has a debt-to-equity ratio of 5.13, a current ratio of 5.46 and a quick ratio of 4.68.

B. Riley Financial (NASDAQ:RILYGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The asset manager reported $2.39 earnings per share 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 firm also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Wednesday, May 11th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, May 10th. This represents a $4.00 annualized dividend and a dividend yield of 8.74%. B. Riley Financial’s dividend payout ratio is currently 67.57%.

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

Large investors have recently bought and sold shares of the company. Voloridge Investment Management LLC raised its holdings in shares of B. Riley Financial by 25.9% in the 3rd quarter. Voloridge Investment Management LLC now owns 88,386 shares of the asset manager’s stock valued at $5,218,000 after purchasing an additional 18,167 shares in the last quarter. Ancora Advisors LLC raised its holdings in shares of B. Riley Financial by 12.6% in the 3rd quarter. Ancora Advisors LLC now owns 115,227 shares of the asset manager’s stock valued at $6,803,000 after purchasing an additional 12,880 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of B. Riley Financial in the 3rd quarter valued at about $78,000. B. Riley Asset Management LLC bought a new stake in shares of B. Riley Financial in the 4th quarter valued at about $5,580,000. Finally, Macquarie Group Ltd. bought a new position in shares of B. Riley Financial during the 3rd quarter worth approximately $939,000. Institutional investors and hedge funds own 59.06% of the company’s 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 Investments-Communications, and Brands.

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