Shares of B. Riley Financial Inc (NASDAQ:RILY) reached a new 52-week high during trading on Monday . The company traded as high as $23.97 and last traded at $23.90, with a volume of 1335 shares trading hands. The stock had previously closed at $23.43.
RILY has been the subject of a number of recent research reports. BidaskClub upgraded shares of B. Riley Financial from a “hold” rating to a “buy” rating in a report on Tuesday, August 27th. ValuEngine upgraded shares of B. Riley Financial from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th.
The firm’s 50 day moving average price is $21.06 and its two-hundred day moving average price is $19.31. The company has a debt-to-equity ratio of 5.37, a quick ratio of 3.98 and a current ratio of 3.98. The firm has a market cap of $626.51 million, a PE ratio of 14.48 and a beta of 0.86.
B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings results on Thursday, August 1st. The asset manager reported $0.96 earnings per share for the quarter. B. Riley Financial had a net margin of 4.76% and a return on equity of 16.21%. The business had revenue of $164.68 million during the quarter.
The company also recently declared a None dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.50 dividend. The ex-dividend date was Wednesday, August 14th.
In other news, CEO Bryant R. Riley purchased 11,731 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average price of $20.53 per share, with a total value of $240,837.43. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Bryant R. Riley purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of $20.34 per share, with a total value of $406,800.00. The disclosure for this purchase can be found here. Corporate insiders own 24.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Heartland Advisors Inc. purchased a new position in shares of B. Riley Financial during the 2nd quarter worth approximately $3,367,000. Punch & Associates Investment Management Inc. boosted its position in shares of B. Riley Financial by 8.8% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,520,576 shares of the asset manager’s stock worth $25,378,000 after purchasing an additional 123,180 shares during the period. Russell Investments Group Ltd. boosted its position in shares of B. Riley Financial by 37.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 436,792 shares of the asset manager’s stock worth $9,107,000 after purchasing an additional 118,401 shares during the period. IndexIQ Advisors LLC purchased a new position in shares of B. Riley Financial during the 1st quarter worth approximately $789,000. Finally, BlackRock Inc. boosted its position in shares of B. Riley Financial by 3.0% during the 2nd quarter. BlackRock Inc. now owns 1,264,168 shares of the asset manager’s stock worth $26,371,000 after purchasing an additional 37,412 shares during the period. 46.68% of the stock is owned by institutional investors and hedge funds.
About B. Riley Financial (NASDAQ:RILY)
B. Riley Financial, Inc, through its subsidiaries, provides collaborative 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 and magicJack.
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