Jupiter Asset Management Ltd. bought a new position in B. Riley Financial Inc (NASDAQ:RILY) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 205,043 shares of the asset manager’s stock, valued at approximately $3,496,000. Jupiter Asset Management Ltd. owned 0.77% of B. Riley Financial as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Susquehanna International Group LLP acquired a new stake in B. Riley Financial in the second quarter worth $280,000. Signia Capital Management LLC acquired a new stake in B. Riley Financial in the second quarter worth $1,642,000. Marshall Wace North America L.P. acquired a new stake in B. Riley Financial in the second quarter worth $550,000. Equitec Proprietary Markets LLC raised its holdings in B. Riley Financial by 4.1% in the third quarter. Equitec Proprietary Markets LLC now owns 533,062 shares of the asset manager’s stock worth $9,089,000 after purchasing an additional 20,825 shares during the period. Finally, Rhumbline Advisers acquired a new stake in B. Riley Financial in the second quarter worth $298,000. Institutional investors own 45.84% of the company’s stock.

In related news, CEO Bryant R. Riley acquired 7,325 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average cost of $17.15 per share, for a total transaction of $125,623.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bryant R. Riley acquired 8,679 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of $17.75 per share, for a total transaction of $154,052.25. The disclosure for this purchase can be found here. Company insiders own 30.90% of the company’s stock.

Shares of B. Riley Financial Inc (RILY) opened at $18.65 on Thursday. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 3.07. The firm has a market cap of $492.30, a price-to-earnings ratio of 10.81 and a beta of 1.00. B. Riley Financial Inc has a twelve month low of $13.55 and a twelve month high of $21.30.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd will be issued a $0.08 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.32 annualized dividend and a yield of 1.72%. B. Riley Financial’s dividend payout ratio (DPR) is presently 21.19%.

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B. Riley Financial Company Profile

B. Riley Financial, Inc is an independent investment bank. The Company’s segments include capital markets, auction and liquidation, valuation and appraisal, and Principal Investments-United Online. The capital markets segment provides an array of investment banking, corporate finance, research, wealth management, sales and trading services to corporate, institutional and high net worth clients.

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

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