Kenneth M. Young Acquires 2,485 Shares of B. Riley Financial, Inc. (NASDAQ:RILY) Stock

B. Riley Financial, Inc. (NASDAQ:RILY – Get Rating) President Kenneth M. Young acquired 2,485 shares of B. Riley Financial stock in a transaction on Friday, March 17th. The shares were purchased at an average price of $31.46 per share, for a total transaction of $78,178.10. Following the completion of the acquisition, the president now directly owns 32,085 shares in the company, valued at $1,009,394.10. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

B. Riley Financial Trading Down 6.2 %

RILY opened at $29.78 on Friday. The stock’s fifty day moving average is $40.05 and its two-hundred day moving average is $42.07. The company has a market capitalization of $851.11 million, a P/E ratio of -4.92 and a beta of 1.83. B. Riley Financial, Inc. has a 52 week low of $28.06 and a 52 week 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.

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. The firm had revenue of $326.81 million for the quarter. B. Riley Financial had a negative return on equity of 21.39% and a negative net margin of 17.46%.

B. Riley Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Trading of B. Riley Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC boosted its position in B. Riley Financial by 109.2% during the 3rd quarter. Global Retirement Partners LLC now owns 615 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 321 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position 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 in the last quarter. FMR LLC boosted its position in B. Riley Financial by 137.8% during the 2nd quarter. FMR LLC now owns 861 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 499 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in B. Riley Financial during the 2nd quarter valued at $42,000. Finally, EMC Capital Management boosted its position 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 acquiring an additional 304 shares in the last quarter. Institutional investors own 45.72% of the company’s 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.