B. Riley Financial (NASDAQ:RILY) Sets New 52-Week Low at $41.46

Defense World · Jul 16, 2022 16:21

B. Riley Financial, Inc. (NASDAQ:RILY – Get Rating) shares reached a new 52-week low during trading on Thursday . The company traded as low as $41.46 and last traded at $41.46, with a volume of 432 shares traded. The stock had previously closed at $43.59.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on B. Riley Financial in a research note on Thursday, March 31st. They issued a "hold" rating on the stock.

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B. Riley Financial Stock Up 1.8 %

The business has a 50-day moving average price of $48.03 and a 200-day moving average price of $59.55. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 7.27 and a beta of 1.83. The company has a quick ratio of 5.46, a current ratio of 5.46 and a debt-to-equity ratio of 5.13.

B. Riley Financial (NASDAQ:RILY – Get Rating) last announced its earnings results on Thursday, April 28th. The asset manager reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $205.59 million for the quarter. B. Riley Financial had a return on equity of 26.88% and a net margin of 13.40%.

B. Riley Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Wednesday, May 11th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 9.29%. The ex-dividend date was Tuesday, May 10th. B. Riley Financial's dividend payout ratio (DPR) is presently 67.57%.

Insider Transactions at B. Riley Financial

In other B. Riley Financial news, CEO Bryant R. Riley purchased 192,529 shares of the stock in a transaction dated Monday, May 2nd. The shares were acquired at an average price of $46.85 per share, for a total transaction of $9,019,983.65. Following the completion of the acquisition, the chief executive officer now owns 5,649,499 shares of the company's stock, valued at approximately $264,679,028.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other B. Riley Financial news, CEO Thomas J. /Adv Kelleher purchased 5,000 shares of the stock in a transaction dated Wednesday, May 11th. The shares were acquired at an average price of $46.14 per share, for a total transaction of $230,700.00. Following the completion of the acquisition, the chief executive officer now owns 29,300 shares of the company's stock, valued at approximately $1,351,902. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bryant R. Riley purchased 192,529 shares of the stock in a transaction dated Monday, May 2nd. The shares were acquired at an average price of $46.85 per share, for a total transaction of $9,019,983.65. Following the acquisition, the chief executive officer now directly owns 5,649,499 shares of the company's stock, valued at approximately $264,679,028.15. The disclosure for this purchase can be found here. Insiders have purchased 321,437 shares of company stock valued at $15,291,504 over the last three months. Company insiders own 27.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. UBS Asset Management Americas Inc. grew its stake in B. Riley Financial by 26.7% in the third quarter. UBS Asset Management Americas Inc. now owns 19,205 shares of the asset manager's stock valued at $1,134,000 after purchasing an additional 4,044 shares in the last quarter. Leavell Investment Management Inc. purchased a new position in B. Riley Financial in the fourth quarter valued at about $300,000. Russell Investments Group Ltd. grew its stake in B. Riley Financial by 3.1% in the fourth quarter. Russell Investments Group Ltd. now owns 141,327 shares of the asset manager's stock valued at $12,557,000 after purchasing an additional 4,231 shares in the last quarter. Virtue Capital Management LLC purchased a new position in B. Riley Financial in the fourth quarter valued at about $1,312,000. Finally, Cadent Capital Advisors LLC purchased a new position in B. Riley Financial in the fourth quarter valued at about $240,000. Hedge funds and other institutional investors own 59.06% of the company's stock.

B. Riley Financial Company Profile

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B. Riley Financial, Inc, through its subsidiaries, provides investment banking and financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates in six segments: Capital Markets, Wealth Management, Auction and Liquidation, Financial Consulting, Principal Investments-Communications, and Brands.