Insider Buying: B. Riley Financial, Inc. (NASDAQ:RILY) Major Shareholder Buys 14,056 Shares of Stock

B. Riley Financial, Inc. (NASDAQ:RILYGet Rating) major shareholder B. Riley Financial, Inc. purchased 14,056 shares of the business’s stock in a transaction on Wednesday, May 18th. The shares were bought at an average cost of $11.00 per share, for a total transaction of $154,616.00. Following the purchase, the insider now owns 5,881,713 shares of the company’s stock, valued at $64,698,843. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

B. Riley Financial, Inc. also recently made the following trade(s):

  • On Monday, May 16th, B. Riley Financial, Inc. purchased 397 shares of B. Riley Financial stock. The shares were bought at an average cost of $1.40 per share, for a total transaction of $555.80.
  • On Friday, May 13th, B. Riley Financial, Inc. bought 135,906 shares of B. Riley Financial stock. The stock was acquired at an average cost of $1.39 per share, for a total transaction of $188,909.34.
  • On Wednesday, May 11th, B. Riley Financial, Inc. bought 35,841 shares of B. Riley Financial stock. The stock was acquired at an average cost of $9.75 per share, for a total transaction of $349,449.75.
  • On Monday, May 9th, B. Riley Financial, Inc. bought 40,000 shares of B. Riley Financial stock. The stock was acquired at an average cost of $10.70 per share, for a total transaction of $428,000.00.
  • On Friday, May 6th, B. Riley Financial, Inc. bought 47,649 shares of B. Riley Financial stock. The stock was acquired at an average cost of $13.23 per share, for a total transaction of $630,396.27.
  • On Friday, April 29th, B. Riley Financial, Inc. bought 50,506 shares of B. Riley Financial stock. The stock was acquired at an average cost of $11.25 per share, for a total transaction of $568,192.50.
  • On Wednesday, April 27th, B. Riley Financial, Inc. bought 1,966 shares of B. Riley Financial stock. The stock was acquired at an average cost of $11.40 per share, for a total transaction of $22,412.40.
  • On Monday, April 25th, B. Riley Financial, Inc. bought 18,500 shares of B. Riley Financial stock. The stock was acquired at an average cost of $11.37 per share, for a total transaction of $210,345.00.
  • On Friday, April 22nd, B. Riley Financial, Inc. bought 25,315 shares of B. Riley Financial stock. The stock was acquired at an average cost of $11.50 per share, for a total transaction 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, for a total transaction of $153,471.93.

B. Riley Financial stock opened at $51.37 on Friday. B. Riley Financial, Inc. has a 12-month low of $44.30 and a 12-month high of $91.24. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 8.68 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 5.46. The firm’s fifty day moving average price is $59.43 and its 200 day moving average price is $68.22.

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. The company had revenue of $422.11 million during the quarter. B. Riley Financial had a net margin of 13.40% and a return on equity of 26.88%.

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 issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 7.79%. The ex-dividend date is Tuesday, May 10th. B. Riley Financial’s dividend payout ratio is currently 67.57%.

Hedge funds have recently made changes to their positions in the business. Voloridge Investment Management LLC grew its holdings in B. Riley Financial by 25.9% during the 3rd quarter. Voloridge Investment Management LLC now owns 88,386 shares of the asset manager’s stock worth $5,218,000 after acquiring an additional 18,167 shares in the last quarter. Ancora Advisors LLC grew its holdings in B. Riley Financial by 12.6% during the 3rd quarter. Ancora Advisors LLC now owns 115,227 shares of the asset manager’s stock worth $6,803,000 after acquiring an additional 12,880 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in B. Riley Financial during the 3rd quarter worth $78,000. B. Riley Asset Management LLC acquired a new position in B. Riley Financial during the 4th quarter worth $5,580,000. Finally, Macquarie Group Ltd. acquired a new position in shares of B. Riley Financial in the 3rd quarter valued at about $939,000. 59.06% of the stock is owned by institutional investors.

Separately, StockNews.com started coverage on shares of B. Riley Financial in a research note on Thursday, March 31st. They set 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 Investments-Communications, and Brands.

See Also

Insider Buying and Selling by Quarter for B. Riley Financial (NASDAQ:RILY)

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