B. Riley Financial Inc (NASDAQ:RILY) CEO Andrew Moore purchased 10,000 shares of B. Riley Financial stock in a transaction on Thursday, March 14th. The stock was bought at an average price of $16.97 per share, for a total transaction of $169,700.00. Following the transaction, the chief executive officer now directly owns 101,916 shares in the company, valued at approximately $1,729,514.52. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Shares of NASDAQ RILY traded down $0.28 during trading on Thursday, reaching $16.75. The company had a trading volume of 181,608 shares, compared to its average volume of 86,966. B. Riley Financial Inc has a 12 month low of $13.60 and a 12 month high of $23.70. The firm has a market capitalization of $453.85 million, a PE ratio of 15.19 and a beta of 1.24. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 5.68.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th will be given a $0.08 dividend. The ex-dividend date is Thursday, February 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.91%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of B. Riley Financial by 1.7% in the 4th quarter. BlackRock Inc. now owns 1,239,377 shares of the asset manager’s stock valued at $17,600,000 after buying an additional 20,535 shares during the last quarter. NWQ Investment Management Company LLC lifted its stake in shares of B. Riley Financial by 2.9% in the 3rd quarter. NWQ Investment Management Company LLC now owns 962,291 shares of the asset manager’s stock valued at $18,380,000 after purchasing an additional 26,685 shares during the period. Vanguard Group Inc. lifted its stake in shares of B. Riley Financial by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 858,143 shares of the asset manager’s stock valued at $19,437,000 after purchasing an additional 6,609 shares during the period. Vanguard Group Inc lifted its stake in shares of B. Riley Financial by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 858,143 shares of the asset manager’s stock valued at $19,437,000 after purchasing an additional 6,609 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of B. Riley Financial by 4.2% in the 4th quarter. Royce & Associates LP now owns 813,007 shares of the asset manager’s stock valued at $11,545,000 after purchasing an additional 32,855 shares during the period. Hedge funds and other institutional investors own 45.76% of the company’s stock.
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B. Riley Financial Company Profile
B. Riley Financial, Inc provides 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. It offers investment banking services, including merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements; and corporate finance, research, securities lending, wealth management, and sales and trading services to corporate, institutional, and high net worth clients.
Further Reading: Systematic Risk and Investors
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