Russell Investments Group Ltd. Grows Stock Holdings in B. Riley Financial, Inc. (NASDAQ:RILY)

Russell Investments Group Ltd. grew its holdings in shares of B. Riley Financial, Inc. (NASDAQ:RILY) by 39.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,499 shares of the asset manager’s stock after purchasing an additional 5,523 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of B. Riley Financial worth $554,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CM Wealth Advisors LLC purchased a new position in shares of B. Riley Financial during the first quarter valued at approximately $230,000. B. Riley Asset Management LLC purchased a new position in B. Riley Financial in the 4th quarter worth approximately $5,568,000. Straight Path Wealth Management raised its holdings in B. Riley Financial by 2.3% in the 1st quarter. Straight Path Wealth Management now owns 22,600 shares of the asset manager’s stock worth $642,000 after acquiring an additional 500 shares during the last quarter. EMC Capital Management raised its holdings in B. Riley Financial by 82.7% in the 4th quarter. EMC Capital Management now owns 1,915 shares of the asset manager’s stock worth $65,000 after acquiring an additional 867 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in B. Riley Financial by 117.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 43,837 shares of the asset manager’s stock worth $1,499,000 after acquiring an additional 23,719 shares during the last quarter. 41.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of B. Riley Financial in a report on Thursday, August 17th. They issued a “hold” rating for the company.

B. Riley Financial Price Performance

Shares of NASDAQ RILY opened at $51.13 on Friday. B. Riley Financial, Inc. has a twelve month low of $24.95 and a twelve month high of $60.72. The firm has a market cap of $1.56 billion, a P/E ratio of 33.86 and a beta of 1.88. The company has a 50 day moving average of $50.61 and a 200 day moving average of $40.27. The company has a quick ratio of 4.06, a current ratio of 4.06 and a debt-to-equity ratio of 11.09.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings data on Wednesday, August 9th. The asset manager reported $1.55 earnings per share for the quarter. The company had revenue of $406.28 million during the quarter. B. Riley Financial had a net margin of 3.58% and a return on equity of 15.96%.

B. Riley Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Friday, August 11th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, August 10th. This represents a $4.00 dividend on an annualized basis and a yield of 7.82%. B. Riley Financial’s dividend payout ratio is presently 264.90%.

Insider Buying and Selling at B. Riley Financial

In related news, CEO Bryant R. Riley bought 6,199 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was acquired at an average cost of $37.91 per share, for a total transaction of $235,004.09. Following the purchase, the chief executive officer now owns 6,651,046 shares in the company, valued at $252,141,153.86. The acquisition was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Bryant R. Riley bought 6,199 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was acquired at an average cost of $37.91 per share, for a total transaction of $235,004.09. Following the purchase, the chief executive officer now owns 6,651,046 shares in the company, valued at $252,141,153.86. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Randall E. Paulson bought 5,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were bought at an average price of $55.00 per share, with a total value of $275,000.00. Following the completion of the purchase, the director now owns 308,979 shares in the company, valued at approximately $16,993,845. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 108,926 shares of company stock worth $5,692,739. Insiders own 33.90% of the company’s stock.

B. Riley Financial Profile

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.