Marshall Wace North America L.P. purchased a new stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 28,954 shares of the asset manager’s stock, valued at approximately $550,000. Marshall Wace North America L.P. owned 0.15% of B. Riley Financial at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bowling Portfolio Management LLC bought a new position in shares of B. Riley Financial during the 2nd quarter valued at $1,649,000. Bank of New York Mellon Corp lifted its holdings in shares of B. Riley Financial by 44.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 80,680 shares of the asset manager’s stock valued at $1,497,000 after buying an additional 24,829 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in shares of B. Riley Financial during the 2nd quarter valued at $1,377,000. CAPROCK Group Inc. lifted its holdings in shares of B. Riley Financial by 19.3% during the 2nd quarter. CAPROCK Group Inc. now owns 56,325 shares of the asset manager’s stock valued at $1,045,000 after buying an additional 9,107 shares during the period. Finally, Spark Investment Management LLC lifted its holdings in shares of B. Riley Financial by 124.1% during the 2nd quarter. Spark Investment Management LLC now owns 30,800 shares of the asset manager’s stock valued at $571,000 after buying an additional 17,059 shares during the period. 43.95% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, Chairman Bryant R. Riley purchased 28,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were acquired at an average cost of $15.55 per share, with a total value of $435,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 30.90% of the stock is currently owned by insiders.
B. Riley Financial, Inc. (NASDAQ RILY) opened at 16.90 on Wednesday. B. Riley Financial, Inc. has a 12-month low of $11.37 and a 12-month high of $21.30. The company has a market capitalization of $358.55 million, a PE ratio of 8.82 and a beta of 1.15. The stock’s 50 day moving average price is $16.96 and its 200 day moving average price is $16.01.
B. Riley Financial (NASDAQ:RILY) last released its quarterly earnings results on Monday, August 7th. The asset manager reported $0.37 earnings per share (EPS) for the quarter. B. Riley Financial had a net margin of 14.34% and a return on equity of 22.74%. The business had revenue of $66.68 million for the quarter.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Monday, August 21st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, August 17th. B. Riley Financial’s dividend payout ratio is currently 16.24%.
B. Riley Financial Company Profile
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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