Argent Capital Management LLC purchased a new stake in B. Riley Financial Inc (NASDAQ:RILY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 56,675 shares of the asset manager’s stock, valued at approximately $966,000. Argent Capital Management LLC owned 0.21% of B. Riley Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Punch & Associates Investment Management Inc. boosted its stake in shares of B. Riley Financial by 91.1% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 734,673 shares of the asset manager’s stock valued at $13,628,000 after purchasing an additional 350,271 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of B. Riley Financial by 63.5% in the 2nd quarter. Vanguard Group Inc. now owns 721,906 shares of the asset manager’s stock valued at $13,391,000 after purchasing an additional 280,346 shares during the last quarter. NWQ Investment Management Company LLC boosted its stake in shares of B. Riley Financial by 70.4% in the 3rd quarter. NWQ Investment Management Company LLC now owns 709,864 shares of the asset manager’s stock valued at $12,103,000 after purchasing an additional 293,398 shares during the last quarter. Equitec Proprietary Markets LLC boosted its stake in shares of B. Riley Financial by 4.1% in the 3rd quarter. Equitec Proprietary Markets LLC now owns 533,062 shares of the asset manager’s stock valued at $9,089,000 after purchasing an additional 20,825 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in shares of B. Riley Financial by 10.5% in the 2nd quarter. William Blair Investment Management LLC now owns 384,593 shares of the asset manager’s stock valued at $7,134,000 after purchasing an additional 36,476 shares during the last quarter. Hedge funds and other institutional investors own 45.81% of the company’s stock.

In related news, Chairman Bryant R. Riley bought 38,572 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average cost of $17.89 per share, with a total value of $690,053.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bryant R. Riley bought 8,679 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average cost of $17.75 per share, for a total transaction of $154,052.25. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 54,576 shares of company stock worth $969,729. Insiders own 30.90% of the company’s stock.

Shares of B. Riley Financial Inc (NASDAQ RILY) opened at $18.95 on Thursday. The company has a debt-to-equity ratio of 3.07, a current ratio of 2.97 and a quick ratio of 2.97. B. Riley Financial Inc has a 12 month low of $13.55 and a 12 month high of $21.30. The company has a market cap of $488.33, a price-to-earnings ratio of 10.73 and a beta of 0.98.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Tuesday, November 21st. B. Riley Financial’s dividend payout ratio is currently 21.19%.

COPYRIGHT VIOLATION NOTICE: This story was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.watchlistnews.com/56675-shares-in-b-riley-financial-inc-rily-acquired-by-argent-capital-management-llc/1763074.html.

B. Riley Financial Profile

B. Riley Financial, Inc is an independent investment bank. The Company’s segments include capital markets, auction and liquidation, valuation and appraisal, and Principal Investments-United Online. The capital markets segment provides an array of investment banking, corporate finance, research, wealth management, sales and trading services to corporate, institutional and high net worth clients.

Want to see what other hedge funds are holding RILY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for B. Riley Financial Inc (NASDAQ:RILY).

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

Receive News & Ratings for B. Riley Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B. Riley Financial and related companies with Analyst Ratings Network's FREE daily email newsletter.