B. Riley Financial, Inc. (NASDAQ:RILY) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in B. Riley Financial, Inc. (NASDAQ:RILYGet Rating) by 10.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,969 shares of the asset manager’s stock after selling 1,285 shares during the period. State of Alaska Department of Revenue’s holdings in B. Riley Financial were worth $488,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RILY. Royce & Associates LP raised its position in shares of B. Riley Financial by 20.4% in the second quarter. Royce & Associates LP now owns 516,339 shares of the asset manager’s stock valued at $21,815,000 after buying an additional 87,648 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in B. Riley Financial during the first quarter worth approximately $36,000. Goldman Sachs Group Inc. increased its position in B. Riley Financial by 47.5% during the first quarter. Goldman Sachs Group Inc. now owns 218,221 shares of the asset manager’s stock worth $15,267,000 after purchasing an additional 70,229 shares during the last quarter. Renaissance Technologies LLC increased its position in B. Riley Financial by 91.8% during the second quarter. Renaissance Technologies LLC now owns 92,911 shares of the asset manager’s stock worth $3,925,000 after purchasing an additional 44,472 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in B. Riley Financial during the second quarter worth approximately $1,675,000. Institutional investors and hedge funds own 45.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of B. Riley Financial from a “sell” rating to a “hold” rating in a research report on Monday, November 7th.

B. Riley Financial Stock Performance

Shares of RILY stock opened at $39.79 on Friday. B. Riley Financial, Inc. has a one year low of $30.75 and a one year high of $86.70. The company has a debt-to-equity ratio of 7.72, a quick ratio of 5.28 and a current ratio of 5.28. The company has a 50 day moving average price of $40.25 and a 200 day moving average price of $45.23. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -21.05 and a beta of 1.75.

B. Riley Financial (NASDAQ:RILYGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The asset manager reported $2.23 EPS for the quarter. B. Riley Financial had a negative net margin of 3.78% and a positive return on equity of 0.16%. The firm had revenue of $340.36 million during the quarter.

B. Riley Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 29th. Shareholders of record on Tuesday, November 15th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, November 14th. This represents a $4.00 annualized dividend and a yield of 10.05%. B. Riley Financial’s dividend payout ratio is currently -211.64%.

Insiders Place Their Bets

In other news, CEO Bryant R. Riley bought 120,000 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was acquired at an average cost of $40.13 per share, for a total transaction of $4,815,600.00. Following the completion of the purchase, the chief executive officer now owns 6,213,456 shares of the company’s stock, valued at $249,345,989.28. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Bryant R. Riley bought 120,000 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was acquired at an average cost of $40.13 per share, for a total transaction of $4,815,600.00. Following the completion of the purchase, the chief executive officer now owns 6,213,456 shares of the company’s stock, valued at $249,345,989.28. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Randall E. Paulson bought 2,600 shares of the firm’s stock in a transaction dated Wednesday, November 30th. The stock was purchased at an average price of $42.84 per share, with a total value of $111,384.00. Following the completion of the purchase, the director now directly owns 256,899 shares of the company’s stock, valued at approximately $11,005,553.16. The disclosure for this purchase can be found here. Insiders acquired a total of 198,086 shares of company stock worth $7,906,873 over the last ninety days. 27.90% of the stock is owned by company insiders.

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

Institutional Ownership by Quarter for B. Riley Financial (NASDAQ:RILY)

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