B. Riley Financial, Inc. (NASDAQ:RILY) CEO Purchases $387,204.81 in Stock

B. Riley Financial, Inc. (NASDAQ:RILY – Get Rating) CEO Bryant R. Riley purchased 12,963 shares of the stock in a transaction on Wednesday, March 15th. The stock was acquired at an average cost of $29.87 per share, for a total transaction of $387,204.81. Following the acquisition, the chief executive officer now owns 6,595,631 shares in the company, valued at $197,011,497.97. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

B. Riley Financial Stock Performance

NASDAQ:RILY opened at $29.78 on Friday. The business’s 50-day moving average price is $40.05 and its two-hundred day moving average price is $42.11. B. Riley Financial, Inc. has a twelve month low of $28.06 and a twelve month high of $73.10. The stock has a market cap of $851.11 million, a P/E ratio of -4.92 and a beta of 1.83. The company has a quick ratio of 5.28, a current ratio of 3.95 and a debt-to-equity ratio of 9.15.

B. Riley Financial (NASDAQ:RILY – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The asset manager reported ($1.89) earnings per share for the quarter. The firm had revenue of $326.81 million for the quarter. B. Riley Financial had a negative net margin of 17.46% and a negative return on equity of 21.39%.

B. Riley Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Friday, March 10th will be issued a dividend of $1.00 per share. The ex-dividend date is Thursday, March 9th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 13.43%. B. Riley Financial’s dividend payout ratio is -66.12%.

Hedge Funds Weigh In On B. Riley Financial

A number of large investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings 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 valued at $118,023,000 after buying an additional 21,206 shares in the last quarter. Equitec Proprietary Markets LLC grew its position in B. Riley Financial by 1.9% during the 4th quarter. Equitec Proprietary Markets LLC now owns 1,193,441 shares of the asset manager’s stock worth $40,816,000 after acquiring an additional 22,329 shares during the last quarter. Vanguard Group Inc. grew its position in 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 grew its position in B. Riley Financial by 2.1% during the 3rd quarter. State Street Corp now owns 638,960 shares of the asset manager’s stock worth $28,446,000 after acquiring an additional 12,973 shares during the last quarter. Finally, Marshall Wace LLP grew its position in B. Riley Financial by 8,278.8% during the 4th quarter. Marshall Wace LLP now owns 460,835 shares of the asset manager’s stock worth $15,761,000 after acquiring an additional 455,335 shares during the last quarter. 45.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on B. Riley Financial in a report on Thursday. They issued a “sell” rating on the stock.

About B. Riley Financial

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B. Riley Financial, Inc provides financial services and solutions to the capital raising and financial advisory needs of public and private firms. It operates through the following segments: Capital Markets, Auction and Liquidation, Financial Consulting, Principal Investments-United Online and magicJack, Brands, and Corporate and Other.