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

B. Riley Financial, Inc. (NASDAQ:RILY – Get Rating) CEO Bryant R. Riley purchased 12,963 shares of B. Riley Financial stock in a transaction that occurred on Wednesday, March 15th. The shares were bought at an average price of $29.87 per share, with a total value of $387,204.81. Following the transaction, the chief executive officer now owns 6,595,631 shares of the company’s stock, valued at approximately $197,011,497.97. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

B. Riley Financial Price Performance

Shares of NASDAQ:RILY opened at $29.78 on Friday. The company has a 50-day moving average price of $40.05 and a two-hundred day moving average price of $42.07. B. Riley Financial, Inc. has a twelve month low of $28.06 and a twelve month high of $73.10. The company has a quick ratio of 5.28, a current ratio of 3.95 and a debt-to-equity ratio of 9.15. The firm has a market capitalization of $851.11 million, a PE ratio of -4.92 and a beta of 1.83.

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

B. Riley Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of B. Riley Financial in a research report on Thursday. They set a “sell” rating for the company.

Institutional Investors Weigh In On B. Riley Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its holdings in B. Riley Financial by 51.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 686 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 234 shares during the period. Raymond James & Associates raised its holdings in B. Riley Financial by 4.7% during the 3rd quarter. Raymond James & Associates now owns 5,496 shares of the asset manager’s stock valued at $245,000 after acquiring an additional 245 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in B. Riley Financial by 1.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 16,081 shares of the asset manager’s stock valued at $716,000 after acquiring an additional 247 shares during the period. Texas Permanent School Fund raised its holdings in B. Riley Financial by 2.2% during the 2nd quarter. Texas Permanent School Fund now owns 11,661 shares of the asset manager’s stock valued at $493,000 after acquiring an additional 252 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in B. Riley Financial by 0.3% during the 4th quarter. Principal Financial Group Inc. now owns 99,151 shares of the asset manager’s stock valued at $3,391,000 after acquiring an additional 289 shares during the period. Institutional investors own 45.72% of the company’s stock.

About B. Riley Financial

(Get Rating)

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.