Texas Permanent School Fund Corp Trims Stake in B. Riley Financial, Inc. (NASDAQ:RILY)

Texas Permanent School Fund Corp decreased its position in shares of B. Riley Financial, Inc. (NASDAQ:RILY) by 3.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 13,720 shares of the asset manager’s stock after selling 500 shares during the period. Texas Permanent School Fund Corp’s holdings in B. Riley Financial were worth $631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in shares of B. Riley Financial by 51.8% during the third 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. Parallel Advisors LLC grew its holdings in shares of B. Riley Financial by 19.5% during the second quarter. Parallel Advisors LLC now owns 1,555 shares of the asset manager’s stock valued at $71,000 after buying an additional 254 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of B. Riley Financial by 0.5% during the first quarter. Neuberger Berman Group LLC now owns 59,231 shares of the asset manager’s stock valued at $4,144,000 after buying an additional 289 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of B. Riley Financial by 0.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 94,475 shares of the asset manager’s stock valued at $6,609,000 after buying an additional 420 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of B. Riley Financial by 2.9% during the third quarter. Thrivent Financial for Lutherans now owns 16,377 shares of the asset manager’s stock valued at $729,000 after buying an additional 463 shares during the last quarter. Hedge funds and other institutional investors own 41.47% of the company’s stock.

B. Riley Financial Trading Up 14.0 %

Shares of NASDAQ:RILY opened at $24.93 on Tuesday. The company has a market cap of $762.43 million, a P/E ratio of -9.78 and a beta of 1.92. The company has a debt-to-equity ratio of 10.81, a current ratio of 4.62 and a quick ratio of 4.62. B. Riley Financial, Inc. has a 1 year low of $16.65 and a 1 year high of $60.72. The stock’s fifty day moving average price is $37.47 and its 200-day moving average price is $42.67.

B. Riley Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $4.00 annualized dividend and a dividend yield of 16.04%. B. Riley Financial’s payout ratio is -156.86%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of B. Riley Financial from a “hold” rating to a “sell” rating in a report on Friday, November 10th.

Insider Activity

In related news, Director Tamara Sue Brandt acquired 1,635 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $30.64 per share, with a total value of $50,096.40. Following the completion of the acquisition, the director now directly owns 6,195 shares of the company’s stock, valued at $189,814.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Agostino Robert P. D acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average price of $21.23 per share, with a total value of $106,150.00. Following the completion of the acquisition, the director now directly owns 160,570 shares of the company’s stock, valued at approximately $3,408,901.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tamara Sue Brandt acquired 1,635 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of $30.64 per share, with a total value of $50,096.40. Following the acquisition, the director now directly owns 6,195 shares of the company’s stock, valued at $189,814.80. The disclosure for this purchase can be found here. Insiders purchased 37,135 shares of company stock valued at $803,126 over the last three months. Insiders own 33.90% of the company’s stock.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.