Insider Buying: B. Riley Financial Inc (RILY) Major Shareholder Purchases 3,518 Shares of Stock

B. Riley Financial Inc (NASDAQ:RILY) major shareholder B. Riley Financial, Inc. acquired 3,518 shares of the stock in a transaction that occurred on Thursday, October 11th. The stock was acquired at an average cost of $10.24 per share, with a total value of $36,024.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

B. Riley Financial, Inc. also recently made the following trade(s):

  • On Monday, October 8th, B. Riley Financial, Inc. bought 203 shares of B. Riley Financial stock. The stock was purchased at an average price of $10.30 per share, with a total value of $2,090.90.
  • On Friday, October 5th, B. Riley Financial, Inc. bought 10,486 shares of B. Riley Financial stock. The stock was purchased at an average price of $10.48 per share, with a total value of $109,893.28.
  • On Wednesday, October 3rd, B. Riley Financial, Inc. bought 3,018 shares of B. Riley Financial stock. The stock was purchased at an average price of $10.46 per share, with a total value of $31,568.28.
  • On Monday, October 1st, B. Riley Financial, Inc. bought 14,503 shares of B. Riley Financial stock. The stock was purchased at an average price of $10.55 per share, with a total value of $153,006.65.
  • On Thursday, September 27th, B. Riley Financial, Inc. bought 5,783 shares of B. Riley Financial stock. The stock was purchased at an average price of $10.79 per share, with a total value of $62,398.57.
  • On Tuesday, August 14th, B. Riley Financial, Inc. bought 925 shares of B. Riley Financial stock. The stock was purchased at an average price of $10.15 per share, with a total value of $9,388.75.

B. Riley Financial stock traded down $0.30 during trading hours on Friday, reaching $19.70. The stock had a trading volume of 65,000 shares, compared to its average volume of 53,731. The company has a market capitalization of $591.78 million, a PE ratio of 13.32 and a beta of 0.84. The company has a debt-to-equity ratio of 5.09, a quick ratio of 2.62 and a current ratio of 2.62. B. Riley Financial Inc has a 52 week low of $15.75 and a 52 week high of $23.70.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results on Thursday, August 2nd. The asset manager reported $0.78 EPS for the quarter. The business had revenue of $125.50 million during the quarter. B. Riley Financial had a net margin of 3.72% and a return on equity of 17.08%.

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in shares of B. Riley Financial by 718.7% during the first quarter. Royal Bank of Canada now owns 12,943 shares of the asset manager’s stock valued at $252,000 after acquiring an additional 11,362 shares in the last quarter. Alps Advisors Inc. acquired a new position in shares of B. Riley Financial during the second quarter valued at about $504,000. Swiss National Bank acquired a new position in shares of B. Riley Financial during the second quarter valued at about $571,000. Renaissance Technologies LLC acquired a new position in shares of B. Riley Financial during the second quarter valued at about $745,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of B. Riley Financial by 26.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 48,302 shares of the asset manager’s stock valued at $942,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 47.07% of the company’s stock.

Separately, BidaskClub upgraded shares of B. Riley Financial from a “sell” rating to a “hold” rating in a report on Friday, September 21st.

B. Riley Financial Company Profile

B. Riley Financial, Inc provides 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. It offers investment banking services, including merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements; and corporate finance, research, securities lending, wealth management, and sales and trading services to corporate, institutional, and high net worth clients.

Further Reading: Investing in Dividend Stocks

Insider Buying and Selling by Quarter for B. Riley Financial (NASDAQ:RILY)

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