B. Riley Financial, Inc. (NASDAQ:RILY) Shares Acquired by Nisa Investment Advisors LLC

Defense World · Apr 29, 2023 18:34

Nisa Investment Advisors LLC lifted its stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY – Get Rating) by 32.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,160 shares of the asset manager's stock after purchasing an additional 4,485 shares during the quarter. Nisa Investment Advisors LLC owned about 0.06% of B. Riley Financial worth $621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in B. Riley Financial by 30.1% in the 1st quarter. JPMorgan Chase & Co. now owns 35,923 shares of the asset manager's stock valued at $2,513,000 after acquiring an additional 8,321 shares during the last quarter. Bank of New York Mellon Corp grew its stake in B. Riley Financial by 3.7% in the 1st quarter. Bank of New York Mellon Corp now owns 376,528 shares of the asset manager's stock valued at $26,342,000 after acquiring an additional 13,491 shares during the last quarter. US Bancorp DE grew its stake in B. Riley Financial by 289.8% in the 1st quarter. US Bancorp DE now owns 686 shares of the asset manager's stock valued at $48,000 after acquiring an additional 510 shares during the last quarter. Private Advisor Group LLC grew its stake in B. Riley Financial by 22.4% in the 1st quarter. Private Advisor Group LLC now owns 3,467 shares of the asset manager's stock valued at $242,000 after acquiring an additional 635 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in B. Riley Financial by 57.2% in the 1st quarter. MetLife Investment Management LLC now owns 10,318 shares of the asset manager's stock valued at $722,000 after acquiring an additional 3,755 shares during the last quarter. 45.72% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of B. Riley Financial in a research note on Thursday, March 16th. They issued a "sell" rating on the stock.

Insiders Place Their Bets

In other news, Director Randall E. Paulson purchased 10,000 shares of the firm's stock in a transaction on Thursday, February 23rd. The shares were bought at an average cost of $36.85 per share, with a total value of $368,500.00. Following the purchase, the director now directly owns 286,899 shares of the company's stock, valued at $10,572,228.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Agostino Robert P. D acquired 12,500 shares of the business's stock in a transaction dated Thursday, February 9th. The shares were acquired at an average cost of $40.59 per share, for a total transaction of $507,375.00. Following the acquisition, the director now directly owns 153,573 shares in the company, valued at approximately $6,233,528.07. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Randall E. Paulson acquired 10,000 shares of the business's stock in a transaction dated Thursday, February 23rd. The shares were bought at an average price of $36.85 per share, for a total transaction of $368,500.00. Following the completion of the acquisition, the director now owns 286,899 shares in the company, valued at $10,572,228.15. The disclosure for this purchase can be found here. Insiders have bought 110,448 shares of company stock valued at $3,787,033 in the last ninety days. Insiders own 27.90% of the company's stock.

B. Riley Financial Price Performance

Shares of NASDAQ RILY opened at $31.50 on Friday. B. Riley Financial, Inc. has a 52 week low of $24.95 and a 52 week high of $59.09. The stock has a market cap of $881.37 million, a price-to-earnings ratio of -5.21 and a beta of 1.79. The company's 50-day moving average price is $32.20 and its 200 day moving average price is $38.11. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 9.15.

B. Riley Financial (NASDAQ:RILY – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The asset manager reported ($1.89) earnings per share (EPS) for the quarter. B. Riley Financial had a negative return on equity of 21.39% and a negative net margin of 17.46%. The firm had revenue of $326.81 million for the quarter.

B. Riley Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Friday, March 10th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, March 9th. This represents a $4.00 annualized dividend and a dividend yield of 12.70%. B. Riley Financial's dividend payout ratio is currently -66.12%.

B. Riley Financial Company Profile

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B. Riley Financial, Inc engages in the provision of financial services and solutions to the capital raising and financial advisory needs of public and private firms. It operates through the following segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.