B. Riley Financial Inc (RILY) Chairman Bryant R. Riley Buys 38,572 Shares of Stock

B. Riley Financial Inc (NASDAQ:RILY) Chairman Bryant R. Riley acquired 38,572 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average price of $17.89 per share, for a total transaction of $690,053.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

B. Riley Financial Inc (NASDAQ:RILY) opened at $18.50 on Tuesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.97 and a current ratio of 2.97. B. Riley Financial Inc has a one year low of $13.55 and a one year high of $21.30. The stock has a market cap of $480.39, a P/E ratio of 10.41 and a beta of 0.50.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, November 21st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.73%. B. Riley Financial’s dividend payout ratio is presently 21.19%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RILY. Strs Ohio boosted its stake in shares of B. Riley Financial by 250.0% during the second quarter. Strs Ohio now owns 21,700 shares of the asset manager’s stock valued at $402,000 after purchasing an additional 15,500 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of B. Riley Financial during the second quarter valued at approximately $1,377,000. Spark Investment Management LLC boosted its stake in shares of B. Riley Financial by 124.1% during the second quarter. Spark Investment Management LLC now owns 30,800 shares of the asset manager’s stock valued at $571,000 after purchasing an additional 17,059 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of B. Riley Financial by 40.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 19,002 shares of the asset manager’s stock valued at $353,000 after purchasing an additional 5,502 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in shares of B. Riley Financial during the second quarter valued at approximately $298,000. Hedge funds and other institutional investors own 45.81% of the company’s stock.

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About B. Riley Financial

B. Riley Financial, Inc is an independent investment bank. The Company’s segments include capital markets, auction and liquidation, valuation and appraisal, and Principal Investments-United Online. The capital markets segment provides an array of investment banking, corporate finance, research, wealth management, sales and trading services to corporate, institutional and high net worth clients.

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