Heartland Advisors Inc. Reduces Holdings in B. Riley Financial, Inc. (NASDAQ:RILY)

Heartland Advisors Inc. lowered its stake in B. Riley Financial, Inc. (NASDAQ:RILY) by 20.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 307,659 shares of the asset manager’s stock after selling 78,541 shares during the period. B. Riley Financial accounts for approximately 1.1% of Heartland Advisors Inc.’s holdings, making the stock its 12th biggest holding. Heartland Advisors Inc.’s holdings in B. Riley Financial were worth $17,346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of B. Riley Financial by 16.9% in the 1st quarter. BlackRock Inc. now owns 1,681,338 shares of the asset manager’s stock worth $94,793,000 after purchasing an additional 242,482 shares during the last quarter. Tudor Investment Corp Et Al increased its position in shares of B. Riley Financial by 3.1% in the 4th quarter. Tudor Investment Corp Et Al now owns 358,763 shares of the asset manager’s stock worth $15,864,000 after purchasing an additional 10,764 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of B. Riley Financial by 242.8% in the 4th quarter. Nuveen Asset Management LLC now owns 292,984 shares of the asset manager’s stock worth $12,956,000 after purchasing an additional 207,511 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of B. Riley Financial by 32.1% in the 4th quarter. Bank of New York Mellon Corp now owns 277,266 shares of the asset manager’s stock worth $12,261,000 after purchasing an additional 67,359 shares during the last quarter. Finally, Ancora Advisors LLC increased its position in shares of B. Riley Financial by 40.8% in the 4th quarter. Ancora Advisors LLC now owns 108,090 shares of the asset manager’s stock worth $4,780,000 after purchasing an additional 31,320 shares during the last quarter. 45.64% of the stock is owned by institutional investors.

In other B. Riley Financial news, CEO Bryant R. Riley purchased 13,316 shares of the firm’s stock in a transaction dated Monday, June 7th. The stock was acquired at an average cost of $66.31 per share, with a total value of $882,983.96. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Howard Weitzman sold 4,530 shares of B. Riley Financial stock in a transaction dated Wednesday, June 2nd. The shares were sold at an average price of $74.18, for a total transaction of $336,035.40. Following the completion of the transaction, the chief accounting officer now directly owns 47,144 shares of the company’s stock, valued at $3,497,141.92. The disclosure for this sale can be found here. In the last three months, insiders bought 38,316 shares of company stock valued at $2,567,784 and sold 1,044,691 shares valued at $8,991,388. 26.20% of the stock is currently owned by insiders.

Shares of RILY traded down $0.37 during midday trading on Friday, hitting $65.82. The company had a trading volume of 3,733 shares, compared to its average volume of 341,868. The firm has a 50 day moving average price of $69.72. The stock has a market cap of $1.79 billion, a PE ratio of 3.28 and a beta of 1.33. B. Riley Financial, Inc. has a 52 week low of $19.91 and a 52 week high of $78.95. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 3.30.

The business also recently announced a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Monday, May 17th were given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 18.23%. The ex-dividend date was Friday, May 14th.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides collaborative financial services and solutions in North America, Australia, and Europe. The Capital Markets segments offers range of investment banking, corporate finance, consulting, financial advisory, research, securities lending, wealth management, and sales and trading services to corporate, institutional, and high net worth clients.

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

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