B. Riley Financial Inc (NASDAQ:RILY) major shareholder B. Riley Financial, Inc. purchased 7,237 shares of the company’s stock in a transaction on Monday, November 19th. The stock was acquired at an average price of $8.24 per share, for a total transaction of $59,632.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 Friday, November 16th, B. Riley Financial, Inc. purchased 190 shares of B. Riley Financial stock. The stock was acquired at an average price of $8.40 per share, for a total transaction of $1,596.00.
  • On Wednesday, November 14th, B. Riley Financial, Inc. purchased 962 shares of B. Riley Financial stock. The stock was acquired at an average price of $8.45 per share, for a total transaction of $8,128.90.
  • On Monday, November 12th, B. Riley Financial, Inc. purchased 1,592 shares of B. Riley Financial stock. The stock was bought at an average cost of $8.56 per share, for a total transaction of $13,627.52.
  • On Friday, November 9th, B. Riley Financial, Inc. purchased 252 shares of B. Riley Financial stock. The stock was bought at an average cost of $8.60 per share, for a total transaction of $2,167.20.
  • On Wednesday, November 7th, B. Riley Financial, Inc. purchased 1,700 shares of B. Riley Financial stock. The stock was bought at an average cost of $8.86 per share, for a total transaction of $15,062.00.
  • On Monday, November 5th, B. Riley Financial, Inc. purchased 4,515 shares of B. Riley Financial stock. The stock was bought at an average cost of $9.03 per share, for a total transaction of $40,770.45.
  • On Friday, November 2nd, B. Riley Financial, Inc. purchased 1,245 shares of B. Riley Financial stock. The stock was bought at an average cost of $9.15 per share, for a total transaction of $11,391.75.
  • On Wednesday, October 31st, B. Riley Financial, Inc. purchased 5,850 shares of B. Riley Financial stock. The stock was bought at an average cost of $9.25 per share, for a total transaction of $54,112.50.
  • On Monday, October 29th, B. Riley Financial, Inc. purchased 4,959 shares of B. Riley Financial stock. The stock was bought at an average cost of $9.55 per share, for a total transaction of $47,358.45.
  • On Thursday, October 25th, B. Riley Financial, Inc. purchased 511 shares of B. Riley Financial stock. The stock was bought at an average cost of $9.90 per share, for a total transaction of $5,058.90.

Shares of RILY opened at $17.52 on Tuesday. The stock has a market capitalization of $470.54 million, a P/E ratio of 11.36 and a beta of 1.07. B. Riley Financial Inc has a 1-year low of $17.18 and a 1-year high of $23.70. The company has a debt-to-equity ratio of 5.54, a quick ratio of 4.34 and a current ratio of 4.34.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, November 15th. This represents a $0.32 annualized dividend and a yield of 1.83%.

Large investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. purchased a new position in B. Riley Financial during the 3rd quarter valued at about $203,000. Royal Bank of Canada grew its stake in B. Riley Financial by 718.7% during the 1st 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. MetLife Investment Advisors LLC grew its stake in B. Riley Financial by 54.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 16,424 shares of the asset manager’s stock valued at $372,000 after acquiring an additional 5,804 shares in the last quarter. Alps Advisors Inc. purchased a new position in B. Riley Financial during the 2nd quarter valued at about $504,000. Finally, Swiss National Bank purchased a new position in B. Riley Financial during the 2nd quarter valued at about $571,000. 46.25% of the stock is currently owned by institutional investors.

Separately, BidaskClub raised B. Riley Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 10th.

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About B. Riley Financial

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.

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