Jupiter Asset Management Ltd. decreased its position in B. Riley Financial Inc (NASDAQ:RILY) by 7.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 179,537 shares of the asset manager’s stock after selling 14,092 shares during the period. Jupiter Asset Management Ltd. owned about 0.69% of B. Riley Financial worth $4,031,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. bought a new stake in shares of B. Riley Financial in the 3rd quarter worth $203,000. Wells Fargo & Company MN raised its stake in shares of B. Riley Financial by 19.8% in the 3rd quarter. Wells Fargo & Company MN now owns 137,861 shares of the asset manager’s stock worth $3,122,000 after buying an additional 22,832 shares in the last quarter. Legato Capital Management LLC raised its stake in shares of B. Riley Financial by 90.7% in the 3rd quarter. Legato Capital Management LLC now owns 87,420 shares of the asset manager’s stock worth $1,980,000 after buying an additional 41,570 shares in the last quarter. Northern Trust Corp raised its stake in shares of B. Riley Financial by 5.0% in the 2nd quarter. Northern Trust Corp now owns 221,834 shares of the asset manager’s stock worth $5,003,000 after buying an additional 10,568 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of B. Riley Financial by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 140,927 shares of the asset manager’s stock worth $3,179,000 after buying an additional 5,193 shares in the last quarter. 46.25% of the stock is currently owned by institutional investors.

RILY opened at $17.20 on Wednesday. B. Riley Financial Inc has a one year low of $17.15 and a one 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 has a market capitalization of $465.23 million, a PE ratio of 11.23 and a beta of 1.07.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Thursday, November 15th.

Separately, BidaskClub downgraded B. Riley Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 30th.

In related news, major shareholder B. Riley Financial, Inc. bought 7,237 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were acquired at an average cost of $8.24 per share, for a total transaction of $59,632.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 80,357 shares of company stock worth $795,367 over the last 90 days. Insiders own 24.20% of the company’s stock.

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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.

Further Reading: Investing in Dividend Stocks

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Institutional Ownership by Quarter for B. Riley Financial (NASDAQ:RILY)

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