B. Riley Financial, Inc. (NASDAQ:RILY) released its quarterly earnings data on Monday. The asset manager reported $0.37 earnings per share for the quarter, Morningstar.com reports. The firm had revenue of $66.68 million for the quarter. B. Riley Financial had a net margin of 15.81% and a return on equity of 21.17%.

B. Riley Financial (NASDAQ RILY) traded down 6.360% during midday trading on Tuesday, reaching $17.183. 266,018 shares of the company traded hands. The firm has a market capitalization of $329.59 million, a price-to-earnings ratio of 9.328 and a beta of 1.09. The firm’s 50 day moving average price is $18.40 and its 200 day moving average price is $16.36. B. Riley Financial has a 12 month low of $9.00 and a 12 month high of $21.30.

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In other news, Chairman Bryant R. Riley purchased 31,480 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was purchased at an average cost of $14.56 per share, with a total value of $458,348.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thomas J. /Adv Kelleher purchased 3,148 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were purchased at an average cost of $14.56 per share, with a total value of $45,834.88. Following the completion of the acquisition, the president now directly owns 48,757 shares in the company, valued at $709,901.92. The disclosure for this purchase can be found here. Insiders have purchased a total of 62,628 shares of company stock valued at $939,584 over the last three months. 30.90% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its position in shares of B. Riley Financial by 40.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 19,002 shares of the asset manager’s stock worth $353,000 after buying an additional 5,502 shares in the last quarter. CAPROCK Group Inc. increased its position in shares of B. Riley Financial by 19.3% in the second quarter. CAPROCK Group Inc. now owns 56,325 shares of the asset manager’s stock worth $1,045,000 after buying an additional 9,107 shares in the last quarter. Eagle Global Advisors LLC increased its position in shares of B. Riley Financial by 83.6% in the second quarter. Eagle Global Advisors LLC now owns 24,282 shares of the asset manager’s stock worth $450,000 after buying an additional 11,060 shares in the last quarter. Strs Ohio increased its position in shares of B. Riley Financial by 250.0% in the second quarter. Strs Ohio now owns 21,700 shares of the asset manager’s stock worth $402,000 after buying an additional 15,500 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in shares of B. Riley Financial during the second quarter worth $298,000. 33.50% of the stock is owned by institutional investors.

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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