Everence Capital Management Inc. Acquires Shares of 3,350 B. Riley Financial, Inc. (NASDAQ:RILY)

Everence Capital Management Inc. acquired a new stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY – Get Rating) in the first quarter, HoldingsChannel.com reports. The firm acquired 3,350 shares of the asset manager’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in shares of B. Riley Financial by 1.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 8,871 shares of the asset manager’s stock valued at $788,000 after buying an additional 159 shares in the last quarter. First Hawaiian Bank increased its stake in shares of B. Riley Financial by 2.5% in the first quarter. First Hawaiian Bank now owns 7,276 shares of the asset manager’s stock valued at $509,000 after buying an additional 179 shares in the last quarter. Swiss National Bank increased its stake in shares of B. Riley Financial by 0.9% in the fourth quarter. Swiss National Bank now owns 33,300 shares of the asset manager’s stock valued at $2,959,000 after buying an additional 300 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of B. Riley Financial by 3.2% in the third quarter. Voya Investment Management LLC now owns 10,377 shares of the asset manager’s stock valued at $613,000 after buying an additional 319 shares in the last quarter. Finally, UMB Bank N A MO acquired a new stake in shares of B. Riley Financial in the fourth quarter valued at $44,000. 59.06% of the stock is owned by institutional investors.

Shares of RILY stock opened at $44.43 on Thursday. The stock has a 50-day moving average price of $51.67 and a 200 day moving average price of $63.64. The company has a quick ratio of 5.46, a current ratio of 5.46 and a debt-to-equity ratio of 5.13. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 7.51 and a beta of 1.76. B. Riley Financial, Inc. has a 12 month low of $43.95 and a 12 month high of $91.24.

B. Riley Financial (NASDAQ:RILY – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The asset manager reported ($0.26) EPS for the quarter. The firm had revenue of $205.59 million during the quarter. B. Riley Financial had a return on equity of 26.88% and a net margin of 13.40%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Wednesday, May 11th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, May 10th. This represents a $4.00 dividend on an annualized basis and a yield of 9.00%. B. Riley Financial’s payout ratio is 67.57%.

In related news, major shareholder Daniel Asher bought 18,800 shares of B. Riley Financial stock in a transaction on Friday, May 20th. The shares were purchased at an average price of $50.09 per share, for a total transaction of $941,692.00. Following the completion of the acquisition, the insider now owns 1,370,793 shares in the company, valued at $68,663,021.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Kenneth M. Young bought 2,500 shares of B. Riley Financial stock in a transaction on Monday, May 2nd. The shares were bought at an average price of $46.69 per share, for a total transaction of $116,725.00. Following the acquisition, the president now owns 29,600 shares of the company’s stock, valued at approximately $1,382,024. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 646,376 shares of company stock valued at $17,520,281. Corporate insiders own 27.90% of the company’s stock.

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

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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