State of Alaska Department of Revenue lessened its position in B. Riley Financial, Inc. (NASDAQ:RILY – Get Rating) by 10.5% during the third quarter, Holdings Channel reports. The fund owned 10,969 shares of the asset manager’s stock after selling 1,285 shares during the quarter. State of Alaska Department of Revenue’s holdings in B. Riley Financial were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. J.W. Cole Advisors Inc. acquired a new stake in shares of B. Riley Financial in the 1st quarter worth about $36,000. FMR LLC increased its holdings in shares of B. Riley Financial by 137.8% in the 2nd quarter. FMR LLC now owns 861 shares of the asset manager’s stock worth $36,000 after acquiring an additional 499 shares during the period. SeaCrest Wealth Management LLC acquired a new position in B. Riley Financial during the 2nd quarter valued at about $42,000. EMC Capital Management increased its stake in B. Riley Financial by 40.9% during the 2nd quarter. EMC Capital Management now owns 1,048 shares of the asset manager’s stock valued at $44,000 after buying an additional 304 shares during the period. Finally, US Bancorp DE increased its stake in B. Riley Financial by 289.8% during the 1st quarter. US Bancorp DE now owns 686 shares of the asset manager’s stock valued at $48,000 after buying an additional 510 shares during the period. Institutional investors and hedge funds own 45.72% of the company’s stock.
In other B. Riley Financial news, Director Randall E. Paulson acquired 2,600 shares of B. Riley Financial stock in a transaction dated Wednesday, November 30th. The stock was bought at an average price of $42.84 per share, for a total transaction of $111,384.00. Following the transaction, the director now owns 256,899 shares in the company, valued at approximately $11,005,553.16. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Randall E. Paulson bought 2,600 shares of the firm’s stock in a transaction on Wednesday, November 30th. The stock was bought at an average cost of $42.84 per share, for a total transaction of $111,384.00. Following the completion of the acquisition, the director now directly owns 256,899 shares in the company, valued at approximately $11,005,553.16. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Bryant R. Riley bought 6,023 shares of the firm’s stock in a transaction on Wednesday, December 28th. The stock was purchased at an average price of $31.29 per share, with a total value of $188,459.67. Following the completion of the acquisition, the chief executive officer now owns 6,219,479 shares of the company’s stock, valued at $194,607,497.91. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 198,086 shares of company stock worth $7,906,873. Corporate insiders own 27.90% of the company’s stock.
Analyst Upgrades and Downgrades
B. Riley Financial Stock Up 1.5 %
B. Riley Financial stock opened at $39.79 on Friday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -21.05 and a beta of 1.75. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 7.72. The company’s 50-day moving average price is $40.25 and its two-hundred day moving average price is $45.23. B. Riley Financial, Inc. has a 52 week low of $30.75 and a 52 week high of $86.70.
B. Riley Financial (NASDAQ:RILY – Get Rating) last posted 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 company had revenue of $340.36 million during the quarter.
B. Riley Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 29th. Stockholders of record on Tuesday, November 15th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, November 14th. This represents a $4.00 annualized dividend and a dividend yield of 10.05%. B. Riley Financial’s dividend payout ratio (DPR) is -211.64%.
B. Riley Financial Profile
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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