B. Riley Financial, Inc. (NASDAQ:RILY – Get Rating) announced a quarterly dividend on Thursday, July 28th, Zacks reports. Investors of record on Thursday, August 11th will be paid a dividend of 1.00 per share by the asset manager on Tuesday, August 23rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 7.76%. The ex-dividend date is Wednesday, August 10th.
B. Riley Financial Stock Performance
Shares of NASDAQ RILY traded up $1.53 during trading hours on Friday, reaching $51.54. The stock had a trading volume of 406,844 shares, compared to its average volume of 288,991. B. Riley Financial has a fifty-two week low of $41.20 and a fifty-two week high of $91.24. The firm has a 50-day moving average of $47.85 and a 200-day moving average of $56.88. The company has a current ratio of 5.46, a quick ratio of 5.46 and a debt-to-equity ratio of 5.13. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 8.71 and a beta of 1.83.
Get B. Riley Financial alerts:B. Riley Financial (NASDAQ:RILY – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The asset manager reported ($0.26) earnings per share for the quarter. B. Riley Financial had a return on equity of 26.88% and a net margin of 13.40%. The company had revenue of $205.59 million for the quarter.
Insiders Place Their Bets
In related news, CEO Bryant R. Riley acquired 192,529 shares of the firm's stock in a transaction on Monday, May 2nd. The stock was bought at an average cost of $46.85 per share, with a total value of $9,019,983.65. Following the transaction, the chief executive officer now owns 5,649,499 shares of the company's stock, valued at $264,679,028.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other B. Riley Financial news, CEO Bryant R. Riley purchased 192,529 shares of B. Riley Financial stock in a transaction dated Monday, May 2nd. The stock was acquired at an average cost of $46.85 per share, with a total value 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 $264,679,028.15. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Kenneth M. Young purchased 2,500 shares of B. Riley Financial stock in a transaction dated Monday, May 2nd. The stock was acquired at an average cost of $46.69 per share, with a total value of $116,725.00. Following the completion of the acquisition, the president now directly owns 29,600 shares in the company, valued at $1,382,024. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 321,437 shares of company stock valued at $15,291,504. 27.90% of the stock is owned by company insiders.Institutional Trading of B. Riley Financial
Hedge funds have recently modified their holdings of the business. PDT Partners LLC lifted its holdings in shares of B. Riley Financial by 34.4% in the 1st quarter. PDT Partners LLC now owns 35,014 shares of the asset manager's stock valued at $2,450,000 after buying an additional 8,954 shares during the period. Royal Bank of Canada increased its stake in B. Riley Financial by 53.7% in the 1st quarter. Royal Bank of Canada now owns 16,630 shares of the asset manager's stock valued at $1,163,000 after purchasing an additional 5,808 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in B. Riley Financial by 9.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 15,742 shares of the asset manager's stock valued at $1,130,000 after purchasing an additional 1,334 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in B. Riley Financial by 14.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,873 shares of the asset manager's stock valued at $971,000 after purchasing an additional 1,787 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new position in B. Riley Financial in the 1st quarter valued at approximately $836,000. 59.06% of the stock is owned by institutional investors and hedge funds.
B. Riley Financial Company Profile
(Get Rating)
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.
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