B. Riley Financial Inc (NASDAQ:RILY) major shareholder B. Riley Financial, Inc. bought 3,518 shares of the firm’s stock in a transaction dated Thursday, October 11th. The stock was purchased at an average price of $10.24 per share, with a total value of $36,024.32. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

B. Riley Financial, Inc. also recently made the following trade(s):

  • On Monday, October 8th, B. Riley Financial, Inc. bought 203 shares of B. Riley Financial stock. The stock was purchased at an average price of $10.30 per share, with a total value of $2,090.90.
  • On Friday, October 5th, B. Riley Financial, Inc. bought 10,486 shares of B. Riley Financial stock. The stock was purchased at an average price of $10.48 per share, with a total value of $109,893.28.
  • On Wednesday, October 3rd, B. Riley Financial, Inc. bought 3,018 shares of B. Riley Financial stock. The stock was purchased at an average price of $10.46 per share, with a total value of $31,568.28.
  • On Monday, October 1st, B. Riley Financial, Inc. bought 14,503 shares of B. Riley Financial stock. The stock was purchased at an average price of $10.55 per share, with a total value of $153,006.65.
  • On Thursday, September 27th, B. Riley Financial, Inc. bought 5,783 shares of B. Riley Financial stock. The stock was purchased at an average price of $10.79 per share, with a total value of $62,398.57.
  • On Tuesday, August 14th, B. Riley Financial, Inc. bought 925 shares of B. Riley Financial stock. The stock was purchased at an average price of $10.15 per share, with a total value of $9,388.75.

Shares of NASDAQ RILY traded down $0.30 during mid-day trading on Friday, hitting $19.70. The company had a trading volume of 65,054 shares, compared to its average volume of 53,731. The company has a market cap of $591.78 million, a price-to-earnings ratio of 13.32 and a beta of 0.84. B. Riley Financial Inc has a 12 month low of $15.75 and a 12 month high of $23.70. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 5.09.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings results on Thursday, August 2nd. The asset manager reported $0.78 earnings per share (EPS) for the quarter. The business had revenue of $125.50 million for the quarter. B. Riley Financial had a return on equity of 17.08% and a net margin of 3.72%.

Separately, BidaskClub downgraded B. Riley Financial from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royce & Associates LP raised its stake in B. Riley Financial by 34.3% during the 2nd quarter. Royce & Associates LP now owns 742,452 shares of the asset manager’s stock valued at $16,742,000 after acquiring an additional 189,457 shares in the last quarter. Acuitas Investments LLC raised its stake in B. Riley Financial by 292.9% during the 2nd quarter. Acuitas Investments LLC now owns 111,469 shares of the asset manager’s stock valued at $2,514,000 after acquiring an additional 83,097 shares in the last quarter. Russell Investments Group Ltd. raised its stake in B. Riley Financial by 21.8% during the 1st quarter. Russell Investments Group Ltd. now owns 327,129 shares of the asset manager’s stock valued at $6,378,000 after acquiring an additional 58,446 shares in the last quarter. BlackRock Inc. raised its stake in B. Riley Financial by 4.3% during the 2nd quarter. BlackRock Inc. now owns 1,206,567 shares of the asset manager’s stock valued at $27,207,000 after acquiring an additional 49,250 shares in the last quarter. Finally, Legato Capital Management LLC bought a new stake in B. Riley Financial during the 2nd quarter valued at $1,034,000. 47.07% of the stock is currently owned by institutional investors and hedge funds.

About B. Riley Financial

B. Riley Financial, Inc provides financial services and solutions in North America, Australia, and Europe. The company operates in four segments: Capital Markets, Auction and Liquidation, Valuation and Appraisal, and Principal Investments – United Online. It offers investment banking services, including merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements; and corporate finance, research, securities lending, wealth management, and sales and trading services to corporate, institutional, and high net worth clients.

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Insider Buying and Selling by Quarter for B. Riley Financial (NASDAQ:RILY)

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