Jupiter Asset Management Ltd. Takes $3.50 Million Position in B. Riley Financial Inc (RILY)
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.
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