B. Riley Financial Inc (NASDAQ:RILY) announced a None dividend on Wednesday, May 1st, NASDAQ reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.18 per share by the asset manager on Wednesday, May 29th. This represents a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, May 14th.
B. Riley Financial has increased its dividend payment by an average of 7.2% per year over the last three years.
NASDAQ RILY opened at $19.83 on Friday. B. Riley Financial has a twelve month low of $13.60 and a twelve month high of $23.70. The stock has a market cap of $532.79 million, a P/E ratio of 14.02 and a beta of 1.24. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 5.47.
Separately, BidaskClub upgraded B. Riley Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, March 12th.
In other B. Riley Financial news, SVP Howard Weitzman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $19.49, for a total transaction of $194,900.00. Following the completion of the sale, the senior vice president now owns 41,990 shares in the company, valued at approximately $818,385.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Bryant R. Riley acquired 3,110 shares of the stock in a transaction on Wednesday, March 6th. The shares were acquired at an average price of $16.82 per share, with a total value of $52,310.20. The disclosure for this purchase can be found here. In the last quarter, insiders bought 141,259 shares of company stock valued at $2,495,459 and sold 34,508 shares valued at $380,563. 24.60% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in B. Riley Financial stock. Geode Capital Management LLC raised its stake in B. Riley Financial Inc (NASDAQ:RILY) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 195,917 shares of the asset manager’s stock after purchasing an additional 12,479 shares during the period. Geode Capital Management LLC owned 0.74% of B. Riley Financial worth $2,782,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 47.28% of the company’s stock.
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About B. Riley Financial
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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