B. Riley Financial (NASDAQ:RILY) Trading 6.1% Higher

B. Riley Financial, Inc. (NASDAQ:RILYGet Rating) traded up 6.1% on Tuesday . The company traded as high as $43.68 and last traded at $43.55. 3,883 shares changed hands during trading, a decline of 99% from the average session volume of 385,442 shares. The stock had previously closed at $41.04.

Analyst Upgrades and Downgrades

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 Up 0.6 %

The company has a market cap of $1.27 billion, a P/E ratio of -23.60 and a beta of 1.70. The company has a debt-to-equity ratio of 7.72, a current ratio of 5.28 and a quick ratio of 5.28. The company’s 50-day moving average is $44.25 and its two-hundred day moving average is $47.91.

B. Riley Financial (NASDAQ:RILYGet Rating) last posted its 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 business had revenue of $340.36 million during the quarter.

B. Riley Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Tuesday, November 15th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date is Monday, November 14th. B. Riley Financial’s dividend payout ratio (DPR) is presently -211.64%.

Insiders Place Their Bets

In related news, CEO Bryant R. Riley bought 8,509 shares of the business’s stock in a transaction on Friday, September 16th. The stock was acquired at an average price of $46.83 per share, with a total value of $398,476.47. Following the transaction, the chief executive officer now owns 5,978,415 shares in the company, valued at approximately $279,969,174.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other B. Riley Financial news, CEO Bryant R. Riley purchased 8,509 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were acquired at an average price of $46.83 per share, for a total transaction of $398,476.47. Following the purchase, the chief executive officer now directly owns 5,978,415 shares of the company’s stock, valued at approximately $279,969,174.45. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Randall E. Paulson purchased 25,000 shares of the company’s stock in a transaction dated Wednesday, August 31st. The shares were acquired at an average price of $49.76 per share, for a total transaction of $1,244,000.00. Following the purchase, the director now directly owns 248,407 shares in the company, valued at $12,360,732.32. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 89,401 shares of company stock valued at $4,349,429. Company insiders own 27.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of B. Riley Financial by 0.8% during the 3rd quarter. BlackRock Inc. now owns 2,651,003 shares of the asset manager’s stock worth $118,023,000 after acquiring an additional 21,206 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of B. Riley Financial by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,142,191 shares of the asset manager’s stock worth $50,849,000 after acquiring an additional 32,189 shares during the last quarter. State Street Corp lifted its stake in shares of B. Riley Financial by 2.1% during the 3rd quarter. State Street Corp now owns 638,960 shares of the asset manager’s stock valued at $28,446,000 after buying an additional 12,973 shares in the last quarter. Royce & Associates LP lifted its stake in shares of B. Riley Financial by 20.4% during the 2nd 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 in the last quarter. Finally, Hood River Capital Management LLC lifted its stake in shares of B. Riley Financial by 2.6% during the 1st quarter. Hood River Capital Management LLC now owns 512,896 shares of the asset manager’s stock valued at $35,882,000 after buying an additional 12,823 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

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.

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