SeaCrest Wealth Management LLC Purchases Shares of 1,000 B. Riley Financial, Inc. (NASDAQ:RILY)

SeaCrest Wealth Management LLC purchased a new stake in B. Riley Financial, Inc. (NASDAQ:RILYGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,000 shares of the asset manager’s stock, valued at approximately $42,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RILY. Victory Capital Management Inc. boosted its position in B. Riley Financial by 667.4% in the 1st quarter. Victory Capital Management Inc. now owns 194,249 shares of the asset manager’s stock valued at $8,772,000 after buying an additional 168,935 shares during the period. LSV Asset Management boosted its position in B. Riley Financial by 57.7% in the 1st quarter. LSV Asset Management now owns 296,412 shares of the asset manager’s stock valued at $20,737,000 after buying an additional 108,464 shares during the period. Royce & Associates LP boosted its position in B. Riley Financial by 20.4% in 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 during the period. J.W. Cole Advisors Inc. acquired a new stake in shares of B. Riley Financial in the 1st quarter valued at $36,000. Finally, Bridgecreek Investment Management LLC acquired a new stake in shares of B. Riley Financial in the 1st quarter valued at $5,106,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

B. Riley Financial Price Performance

Shares of RILY opened at $41.04 on Tuesday. B. Riley Financial, Inc. has a twelve month low of $36.86 and a twelve month high of $91.24. The firm’s fifty day simple moving average is $44.39 and its 200-day simple moving average is $47.98. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -21.71 and a beta of 1.70. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 7.72.

B. Riley Financial (NASDAQ:RILYGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The asset manager reported $2.23 earnings per share 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 for the quarter.

B. Riley Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Tuesday, November 15th will be paid a dividend of $1.00 per share. The ex-dividend date is Monday, November 14th. This represents a $4.00 annualized dividend and a yield of 9.75%. B. Riley Financial’s dividend payout ratio is currently -211.64%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of B. Riley Financial from a “sell” rating to a “hold” rating in a report on Monday, November 7th.

Insider Buying and Selling

In related news, CEO Bryant R. Riley purchased 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were purchased at an average cost of $47.46 per share, for a total transaction of $1,186,500.00. Following the purchase, the chief executive officer now directly owns 5,969,906 shares of the company’s stock, valued at $283,331,738.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Bryant R. Riley purchased 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were purchased at an average cost of $47.46 per share, for a total transaction of $1,186,500.00. Following the purchase, the chief executive officer now directly owns 5,969,906 shares of the company’s stock, valued at $283,331,738.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bryant R. Riley purchased 8,509 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were bought at an average price of $46.83 per share, for a total transaction of $398,476.47. Following the completion of the purchase, the chief executive officer now directly owns 5,978,415 shares in the company, valued at $279,969,174.45. The disclosure for this purchase can be found here. Insiders have purchased 89,401 shares of company stock worth $4,349,429 in the last ninety days. 27.90% of the stock is owned by corporate insiders.

B. Riley Financial Profile

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

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