B. Riley Financial (NASDAQ:RILY) Trading Up 2.8%

Shares of B. Riley Financial, Inc. (NASDAQ:RILYGet Rating) were up 2.8% on Tuesday . The company traded as high as $61.23 and last traded at $61.13. Approximately 2,541 shares changed hands during trading, a decline of 99% from the average daily volume of 274,523 shares. The stock had previously closed at $59.45.

Separately, StockNews.com started coverage on B. Riley Financial in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

The company has a debt-to-equity ratio of 5.73, a current ratio of 4.68 and a quick ratio of 4.68. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 3.92 and a beta of 1.60. The firm has a fifty day simple moving average of $64.64 and a two-hundred day simple moving average of $69.95.

B. Riley Financial (NASDAQ:RILYGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The asset manager reported $2.39 earnings per share (EPS) for the quarter. B. Riley Financial had a return on equity of 62.06% and a net margin of 25.57%. The firm had revenue of $422.11 million during the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 23rd. Stockholders of record on Wednesday, March 9th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 6.35%. The ex-dividend date was Tuesday, March 8th. B. Riley Financial’s payout ratio is 26.39%.

In related news, major shareholder B. Riley Financial, Inc. purchased 207,917 shares of B. Riley Financial stock in a transaction that occurred on Monday, February 14th. The stock was bought at an average cost of $8.34 per share, for a total transaction of $1,734,027.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas J. /Adv Kelleher purchased 4,300 shares of B. Riley Financial stock in a transaction that occurred on Monday, February 28th. The shares were bought at an average price of $58.64 per share, with a total value of $252,152.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,351,355 shares of company stock valued at $12,596,152. Company insiders own 27.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Exchange Traded Concepts LLC raised its position in B. Riley Financial by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,871 shares of the asset manager’s stock valued at $788,000 after acquiring an additional 159 shares in the last quarter. First Hawaiian Bank increased its position in shares of B. Riley Financial by 2.5% in the first quarter. First Hawaiian Bank now owns 7,276 shares of the asset manager’s stock valued at $509,000 after buying an additional 179 shares in the last quarter. Swiss National Bank increased its position in shares of B. Riley Financial by 0.9% in the fourth quarter. Swiss National Bank now owns 33,300 shares of the asset manager’s stock valued at $2,959,000 after buying an additional 300 shares in the last quarter. Voya Investment Management LLC increased its position in shares of B. Riley Financial by 3.2% in the third quarter. Voya Investment Management LLC now owns 10,377 shares of the asset manager’s stock valued at $613,000 after buying an additional 319 shares in the last quarter. Finally, Cypress Capital Group increased its position in shares of B. Riley Financial by 10.4% in the fourth quarter. Cypress Capital Group now owns 4,160 shares of the asset manager’s stock valued at $370,000 after buying an additional 392 shares in the last quarter. Institutional investors own 59.65% of the company’s stock.

About B. Riley Financial (NASDAQ:RILY)

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 InvestmentsÂ-Communications, and Brands.

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