B. Riley Financial Inc (RILY) Director Purchases $50,355.00 in Stock

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B. Riley Financial Inc (NASDAQ:RILY) Director Todd D. Sims bought 2,250 shares of the stock in a transaction on Friday, August 9th. The shares were bought at an average price of $22.38 per share, for a total transaction of $50,355.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

RILY opened at $16.79 on Wednesday. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 5.68. The stock has a market cap of $456.18 million, a price-to-earnings ratio of 15.15 and a beta of 1.24. B. Riley Financial Inc has a 52-week low of $13.60 and a 52-week high of $23.70.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.91%. The ex-dividend date is Thursday, February 14th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in B. Riley Financial by 1.7% during the 4th quarter. BlackRock Inc. now owns 1,239,377 shares of the asset manager’s stock valued at $17,600,000 after acquiring an additional 20,535 shares during the period. NWQ Investment Management Company LLC lifted its stake in B. Riley Financial by 2.9% during the 3rd quarter. NWQ Investment Management Company LLC now owns 962,291 shares of the asset manager’s stock valued at $18,380,000 after acquiring an additional 26,685 shares during the period. Vanguard Group Inc lifted its stake in B. Riley Financial by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 858,143 shares of the asset manager’s stock valued at $19,437,000 after acquiring an additional 6,609 shares during the period. Vanguard Group Inc. increased its position in shares of B. Riley Financial by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 858,143 shares of the asset manager’s stock valued at $19,437,000 after purchasing an additional 6,609 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of B. Riley Financial by 4.2% during the 4th quarter. Royce & Associates LP now owns 813,007 shares of the asset manager’s stock valued at $11,545,000 after purchasing an additional 32,855 shares during the last quarter. Institutional investors and hedge funds own 45.60% of the company’s stock.

Separately, BidaskClub cut shares of B. Riley Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, December 21st.

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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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