Quinn Opportunity Partners LLC lifted its position in shares of B. Riley Financial Inc (NASDAQ:RILY) by 9.2% during the 1st quarter, Holdings Channel reports. The firm owned 47,522 shares of the asset manager’s stock after purchasing an additional 4,000 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in B. Riley Financial were worth $793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new position in shares of B. Riley Financial during the 4th quarter worth about $35,000. BNP Paribas Arbitrage SA increased its stake in shares of B. Riley Financial by 512.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,324 shares of the asset manager’s stock worth $72,000 after purchasing an additional 3,618 shares during the last quarter. MetLife Investment Advisors LLC increased its stake in shares of B. Riley Financial by 54.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 16,424 shares of the asset manager’s stock worth $372,000 after purchasing an additional 5,804 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of B. Riley Financial by 417.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,195 shares of the asset manager’s stock worth $102,000 after purchasing an additional 5,804 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings 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 worth $19,437,000 after buying an additional 6,609 shares during the period. Institutional investors own 45.39% of the company’s stock.
Shares of RILY stock opened at $19.45 on Friday. The stock has a market cap of $516.79 million, a P/E ratio of 13.34 and a beta of 1.24. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 5.47. 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 None dividend, which will be paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.18 per share. This represents a dividend yield of 1.64%. The ex-dividend date is Tuesday, May 14th.
Separately, BidaskClub downgraded shares of B. Riley Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 13th.
In related news, Chairman Bryant R. Riley bought 20,713 shares of B. Riley Financial stock in a transaction that occurred on Friday, February 22nd. The stock was acquired at an average price of $16.30 per share, with a total value of $337,621.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Agostino Robert P. D bought 8,341 shares of B. Riley Financial stock in a transaction that occurred on Friday, February 22nd. The shares were bought at an average cost of $16.32 per share, with a total value of $136,125.12. Following the acquisition, the director now directly owns 131,764 shares in the company, valued at approximately $2,150,388.48. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 189,825 shares of company stock valued at $3,286,861 and have sold 24,508 shares valued at $185,663. Insiders own 24.60% of the company’s stock.
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B. Riley Financial Profile
B. Riley Financial, Inc, through its subsidiaries, provides collaborative 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 and magicJack.
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