B. Riley Financial (NASDAQ:RILY) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of B. Riley Financial (NASDAQ:RILY – Get Rating) in a research report report published on Thursday. The firm issued a sell rating on the asset manager’s stock.

B. Riley Financial Stock Performance

RILY opened at $29.78 on Thursday. The company has a debt-to-equity ratio of 9.15, a current ratio of 3.95 and a quick ratio of 5.28. The company has a market capitalization of $851.11 million, a PE ratio of -4.92 and a beta of 1.83. The business has a fifty day simple moving average of $40.05 and a 200 day simple moving average of $42.07. B. Riley Financial has a 1 year low of $28.06 and a 1 year high of $73.10.

B. Riley Financial (NASDAQ:RILY – Get Rating) last announced its earnings results on Wednesday, February 22nd. The asset manager reported ($1.89) earnings per share (EPS) for the quarter. B. Riley Financial had a negative net margin of 17.46% and a negative return on equity of 21.39%. The business had revenue of $326.81 million during the quarter.

B. Riley Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Friday, March 10th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $4.00 annualized dividend and a dividend yield of 13.43%. B. Riley Financial’s dividend payout ratio is presently -66.12%.

Insider Activity

In related news, Director Randall E. Paulson purchased 20,000 shares of B. Riley Financial stock in a transaction that occurred on Monday, January 9th. The shares were acquired at an average price of $37.22 per share, with a total value of $744,400.00. Following the completion of the transaction, the director now directly owns 276,899 shares of the company’s stock, valued at approximately $10,306,180.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Randall E. Paulson purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was acquired at an average price of $37.22 per share, with a total value of $744,400.00. Following the completion of the purchase, the director now directly owns 276,899 shares in the company, valued at $10,306,180.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bryant R. Riley acquired 12,963 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were purchased at an average cost of $29.87 per share, with a total value of $387,204.81. Following the transaction, the chief executive officer now directly owns 6,595,631 shares of the company’s stock, valued at $197,011,497.97. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 102,096 shares of company stock worth $3,693,399. Corporate insiders own 27.90% of the company’s stock.

Institutional Trading of B. Riley Financial

Large investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its position in B. Riley Financial by 19.2% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 23,983 shares of the asset manager’s stock valued at $820,000 after purchasing an additional 3,865 shares in the last quarter. Point72 Middle East FZE acquired a new position in shares of B. Riley Financial during the 4th quarter worth $190,000. Epacria Capital Partners LLC acquired a new position in shares of B. Riley Financial during the 4th quarter worth $1,670,000. B. Riley Asset Management LLC bought a new stake in shares of B. Riley Financial during the 4th quarter worth $5,568,000. Finally, Schonfeld Strategic Advisors LLC boosted its stake in B. Riley Financial by 13.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 27,300 shares of the asset manager’s stock valued at $934,000 after buying an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 45.72% of the company’s stock.

B. Riley Financial Company Profile

(Get Rating)

B. Riley Financial, Inc provides financial services and solutions to the capital raising and financial advisory needs of public and private firms. It operates through the following segments: Capital Markets, Auction and Liquidation, Financial Consulting, Principal Investments-United Online and magicJack, Brands, and Corporate and Other.