Tower Research Capital LLC TRC Has $183,000 Stock Position in B. Riley Financial, Inc. (NASDAQ:RILY)

Tower Research Capital LLC TRC raised its holdings in B. Riley Financial, Inc. (NASDAQ:RILY – Get Rating) by 225.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,106 shares of the asset manager’s stock after purchasing an additional 2,845 shares during the quarter. Tower Research Capital LLC TRC’s holdings in B. Riley Financial were worth $183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC lifted its stake in B. Riley Financial by 109.2% in the 3rd quarter. Global Retirement Partners LLC now owns 615 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 321 shares during the last quarter. US Bancorp DE boosted its holdings in shares of B. Riley Financial by 289.8% during the 1st quarter. US Bancorp DE now owns 686 shares of the asset manager’s stock valued at $48,000 after acquiring an additional 510 shares in the last quarter. FMR LLC grew its position in B. Riley Financial by 137.8% during the 2nd quarter. FMR LLC now owns 861 shares of the asset manager’s stock worth $36,000 after acquiring an additional 499 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in B. Riley Financial in the 2nd quarter worth about $42,000. Finally, EMC Capital Management raised its position in B. Riley Financial by 40.9% in the second quarter. EMC Capital Management now owns 1,048 shares of the asset manager’s stock valued at $44,000 after purchasing an additional 304 shares during the last quarter. Institutional investors own 45.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut B. Riley Financial from a “hold” rating to a “sell” rating in a report on Friday, February 24th.

Insiders Place Their Bets

In other news, CEO Bryant R. Riley acquired 7,500 shares of B. Riley Financial stock in a transaction dated Tuesday, March 7th. The shares were bought at an average cost of $40.45 per share, with a total value of $303,375.00. Following the purchase, the chief executive officer now owns 6,582,668 shares in the company, valued at approximately $266,268,920.60. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other B. Riley Financial news, CEO Bryant R. Riley purchased 38,812 shares of the company’s stock in a transaction on Wednesday, December 14th. The shares were purchased at an average cost of $41.93 per share, with a total value of $1,627,387.16. Following the completion of the purchase, the chief executive officer now owns 6,068,741 shares in the company, valued at $254,462,310.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Bryant R. Riley purchased 7,500 shares of the business’s stock in a transaction on Tuesday, March 7th. The shares were acquired at an average price of $40.45 per share, for a total transaction of $303,375.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,582,668 shares in the company, valued at approximately $266,268,920.60. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 245,486 shares of company stock worth $9,749,739. 27.90% of the stock is currently owned by insiders.

B. Riley Financial Trading Up 2.3 %

Shares of NASDAQ RILY opened at $41.11 on Wednesday. The firm has a 50 day moving average price of $40.29 and a two-hundred day moving average price of $43.08. The stock has a market cap of $1.18 billion, a P/E ratio of -6.80 and a beta of 1.83. B. Riley Financial, Inc. has a 52-week low of $30.75 and a 52-week high of $73.10. The company has a debt-to-equity ratio of 9.15, a quick ratio of 5.28 and a current ratio of 3.95.

B. Riley Financial (NASDAQ:RILY – Get Rating) last announced its earnings results on Wednesday, February 22nd. The asset manager reported ($1.89) earnings per share (EPS) for the quarter. B. Riley Financial had a negative return on equity of 21.39% and a negative net margin of 17.46%. The company had revenue of $326.81 million for the quarter.

B. Riley Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Friday, March 10th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 9.73%. The ex-dividend date is Thursday, March 9th. B. Riley Financial’s dividend payout ratio is presently -66.12%.

About B. Riley Financial

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B. Riley Financial, Inc provides financial services and solutions to the capital raising and financial advisory needs of public and private firms. It operates through the following segments: Capital Markets, Auction and Liquidation, Financial Consulting, Principal Investments-United Online and magicJack, Brands, and Corporate and Other.