B. Riley Financial, Inc. (RILY) Releases Quarterly Earnings Results
B. Riley Financial, Inc. (NASDAQ:RILY) released its quarterly earnings results on Monday. The asset manager reported $0.37 earnings per share (EPS) for the quarter, Morningstar.com reports. The firm had revenue of $66.68 million during the quarter. B. Riley Financial had a net margin of 15.81% and a return on equity of 21.17%.
Shares of B. Riley Financial (NASDAQ RILY) traded down 6.948% during trading on Tuesday, reaching $17.075. 222,603 shares of the company were exchanged. The stock has a market capitalization of $327.52 million, a PE ratio of 9.270 and a beta of 1.09. The stock has a 50-day moving average price of $18.40 and a 200-day moving average price of $16.36. B. Riley Financial has a one year low of $9.00 and a one year high of $21.30.
In other B. Riley Financial news, Chairman Bryant R. Riley acquired 28,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was bought at an average price of $15.55 per share, with a total value of $435,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Thomas J. /Adv Kelleher acquired 3,148 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was acquired at an average cost of $14.56 per share, with a total value of $45,834.88. Following the purchase, the president now directly owns 48,757 shares in the company, valued at approximately $709,901.92. The disclosure for this purchase can be found here. Insiders bought a total of 62,628 shares of company stock valued at $939,584 in the last ninety days. 30.90% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Royce & Associates LP acquired a new stake in shares of B. Riley Financial during the second quarter worth about $438,000. William Blair Investment Management LLC raised its stake in B. Riley Financial by 10.5% in the second quarter. William Blair Investment Management LLC now owns 384,593 shares of the asset manager’s stock worth $7,134,000 after buying an additional 36,476 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in B. Riley Financial during the second quarter worth approximately $550,000. Bank of New York Mellon Corp raised its stake in B. Riley Financial by 44.5% in the second quarter. Bank of New York Mellon Corp now owns 80,680 shares of the asset manager’s stock worth $1,497,000 after buying an additional 24,829 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in B. Riley Financial during the second quarter worth approximately $298,000. 33.50% of the stock is owned by institutional investors.
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B. Riley Financial Company Profile
B. Riley Financial, Inc is an independent investment bank. The Company’s segments include capital markets, auction and liquidation, valuation and appraisal, and Principal Investments-United Online. The capital markets segment provides an array of investment banking, corporate finance, research, wealth management, sales and trading services to corporate, institutional and high net worth clients.
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