Thrivent Financial for Lutherans Makes New Investment in B. Riley Financial, Inc. (NASDAQ:RILY)

Thrivent Financial for Lutherans bought a new position in B. Riley Financial, Inc. (NASDAQ:RILY) during the 2nd quarter, Holdings Channel.com reports. The fund bought 14,451 shares of the asset manager’s stock, valued at approximately $1,091,000.

A number of other large investors have also recently made changes to their positions in RILY. BlackRock Inc. boosted its position in B. Riley Financial by 84.7% in the second quarter. BlackRock Inc. now owns 3,105,179 shares of the asset manager’s stock worth $234,440,000 after purchasing an additional 1,423,841 shares during the last quarter. Albar Capital Ltd purchased a new position in B. Riley Financial in the second quarter worth about $21,140,000. Kylin Management LLC purchased a new position in B. Riley Financial in the second quarter worth about $21,140,000. State Street Corp boosted its position in B. Riley Financial by 62.1% in the second quarter. State Street Corp now owns 626,141 shares of the asset manager’s stock worth $47,274,000 after purchasing an additional 239,868 shares during the last quarter. Finally, Morgan Stanley boosted its position in B. Riley Financial by 6,727.9% in the second quarter. Morgan Stanley now owns 206,475 shares of the asset manager’s stock worth $15,590,000 after purchasing an additional 203,451 shares during the last quarter. 52.73% of the stock is currently owned by institutional investors and hedge funds.

RILY stock opened at $80.31 on Thursday. B. Riley Financial, Inc. has a twelve month low of $34.40 and a twelve month high of $81.57. The company has a quick ratio of 3.73, a current ratio of 3.47 and a debt-to-equity ratio of 3.96. The stock has a market cap of $2.21 billion, a P/E ratio of 4.09 and a beta of 1.44. The business’s 50-day moving average price is $66.80 and its 200-day moving average price is $68.14.

The business also recently disclosed a None dividend, which was paid on Tuesday, November 23rd. Stockholders of record on Tuesday, November 9th were given a dividend of $4.00 per share. This is a boost from B. Riley Financial’s previous None dividend of $2.00. This represents a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, November 8th. B. Riley Financial’s payout ratio is presently 20.38%.

In other B. Riley Financial news, CEO Bryant R. Riley bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 17th. The shares were bought at an average price of $77.35 per share, with a total value of $1,547,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Kenneth M. Young bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 3rd. The shares were acquired at an average cost of $78.31 per share, for a total transaction of $78,310.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 41,000 shares of company stock worth $2,833,960. Insiders own 26.20% of the company’s stock.

B. Riley Financial Profile

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.

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Institutional Ownership by Quarter for B. Riley Financial (NASDAQ:RILY)

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