Somewhat Favorable News Coverage Somewhat Unlikely to Affect B. Riley Financial (NASDAQ:RILY) Share Price
Headlines about B. Riley Financial (NASDAQ:RILY) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. B. Riley Financial earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 46.735387019625 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- B. Riley Financial, Inc. breached its 50 day moving average in a Bearish Manner : RILY-US : August 9, 2017 (finance.yahoo.com)
- B. Riley & Co. Among Dealogic’s Top 5 US Micro-cap Equity Capital Markets Book-runners (nasdaq.com)
- B. Riley Financial, Inc. (RILY) to Issue Quarterly Dividend of $0.08 (americanbankingnews.com)
- B. Riley Financial, Inc. (RILY) Releases Quarterly Earnings Results (americanbankingnews.com)
- B Riley Financial : posts 2Q profit (4-traders.com)
Shares of B. Riley Financial (RILY) traded down 1.56% during trading on Friday, hitting $15.75. 164,236 shares of the stock traded hands. The company has a market cap of $334.15 million, a P/E ratio of 8.22 and a beta of 1.09. The stock has a 50-day moving average of $18.57 and a 200 day moving average of $16.32. B. Riley Financial has a 1-year low of $9.03 and a 1-year high of $21.30.
B. Riley Financial (NASDAQ:RILY) last issued its earnings results on Monday, August 7th. The asset manager reported $0.37 earnings per share (EPS) for the quarter. B. Riley Financial had a net margin of 14.34% and a return on equity of 22.74%. The firm had revenue of $66.68 million for the quarter.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Monday, August 21st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, August 17th. B. Riley Financial’s dividend payout ratio is 16.24%.
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In related news, 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 acquired at an average price of $14.56 per share, for a total transaction of $45,834.88. Following the completion of the acquisition, the president now directly owns 48,757 shares in the company, valued at approximately $709,901.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Bryant R. Riley purchased 28,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average price of $15.55 per share, for a total transaction of $435,400.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 62,628 shares of company stock worth $939,584. 30.90% of the stock is currently owned by company insiders.
About B. Riley Financial
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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