B. Riley Financial Inc (NASDAQ:RILY) Short Interest Down 20.8% in July
B. Riley Financial Inc (NASDAQ:RILY) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 384,100 shares, a decline of 20.8% from the June 30th total of 484,800 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 44,000 shares, the days-to-cover ratio is presently 8.7 days.
In other B. Riley Financial news, SVP Howard Weitzman sold 10,000 shares of B. Riley Financial stock in a transaction on Friday, May 24th. The stock was sold at an average price of $19.49, for a total transaction of $194,900.00. Following the completion of the transaction, the senior vice president now owns 41,990 shares in the company, valued at $818,385.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 24.60% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the business. Aperio Group LLC bought a new stake in shares of B. Riley Financial in the 2nd quarter worth $29,000. Bank of Montreal Can bought a new stake in shares of B. Riley Financial in the 2nd quarter worth $40,000. BNP Paribas Arbitrage SA increased its holdings in shares of B. Riley Financial by 512.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,324 shares of the asset manager’s stock worth $72,000 after purchasing an additional 3,618 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of B. Riley Financial by 417.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,195 shares of the asset manager’s stock worth $102,000 after purchasing an additional 5,804 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of B. Riley Financial in the 4th quarter worth $200,000. Institutional investors and hedge funds own 45.91% of the company’s stock.
Shares of NASDAQ:RILY opened at $20.11 on Thursday. The company’s fifty day moving average is $19.90. The stock has a market capitalization of $546.59 million, a PE ratio of 12.59 and a beta of 0.89. B. Riley Financial has a 12-month low of $13.60 and a 12-month high of $23.25. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 5.47.
B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings data on Thursday, August 1st. The asset manager reported $0.96 earnings per share (EPS) for the quarter. The business had revenue of $164.68 million during the quarter. B. Riley Financial had a return on equity of 16.41% and a net margin of 4.76%.
The business also recently disclosed a None dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 14th.
About B. Riley Financial
B. Riley Financial, Inc, through its subsidiaries, provides collaborative 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 and magicJack.
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