Separately, ValuEngine lowered B. Riley Financial from a buy rating to a hold rating in a report on Wednesday, October 2nd.
RILY traded down $0.09 during midday trading on Tuesday, reaching $28.08. 94,500 shares of the company were exchanged, compared to its average volume of 62,977. The company has a debt-to-equity ratio of 5.28, a quick ratio of 3.98 and a current ratio of 4.51. The stock has a market capitalization of $798.68 million, a P/E ratio of 10.86 and a beta of 0.92. B. Riley Financial has a one year low of $13.60 and a one year high of $30.17. The stock’s 50-day simple moving average is $24.50 and its 200 day simple moving average is $21.29.
B. Riley Financial (NASDAQ:RILY) last posted its earnings results on Wednesday, October 30th. The asset manager reported $1.29 earnings per share for the quarter. The business had revenue of $180.06 million for the quarter. B. Riley Financial had a return on equity of 27.38% and a net margin of 9.45%.
The firm also recently announced a dividend, which will be paid on Tuesday, November 26th. Investors of record on Thursday, November 14th will be issued a dividend of $0.475 per share. The ex-dividend date is Wednesday, November 13th.
In other news, major shareholder B. Riley Financial, Inc. purchased 1,000,000 shares of B. Riley Financial stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average cost of $12.00 per share, for a total transaction of $12,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Bryant R. Riley purchased 11,731 shares of B. Riley Financial stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average price of $20.53 per share, with a total value of $240,837.43. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,057,231 shares of company stock worth $12,716,487 over the last three months. 24.60% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in shares of B. Riley Financial by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 148,309 shares of the asset manager’s stock worth $3,094,000 after buying an additional 1,382 shares during the last quarter. Aperio Group LLC bought a new position in B. Riley Financial in the second quarter worth approximately $29,000. Argent Capital Management LLC boosted its holdings in B. Riley Financial by 1.3% in the second quarter. Argent Capital Management LLC now owns 134,153 shares of the asset manager’s stock worth $2,798,000 after acquiring an additional 1,675 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in B. Riley Financial by 3.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 48,138 shares of the asset manager’s stock worth $1,005,000 after acquiring an additional 1,697 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in B. Riley Financial in the second quarter worth approximately $40,000. Institutional investors and hedge funds own 46.28% of the company’s stock.
B. Riley Financial Company Profile
B. Riley Financial, Inc, through its subsidiaries, provides collaborative financial services and solutions in North America, Australia, and Europe. The company operates in four segments: Capital Markets, Auction and Liquidation, Valuation and Appraisal, and Principal Investments – United Online and magicJack.
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