Wellington Management Group LLP lessened its stake in shares of B. Riley Financial Inc (NASDAQ:RILY) by 36.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,245 shares of the asset manager’s stock after selling 9,378 shares during the period. Wellington Management Group LLP owned approximately 0.06% of B. Riley Financial worth $300,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can acquired a new stake in B. Riley Financial during the 4th quarter valued at approximately $29,000. Bank of Montreal Can lifted its stake in B. Riley Financial by 42.5% during the 4th quarter. Bank of Montreal Can now owns 2,895 shares of the asset manager’s stock valued at $73,000 after acquiring an additional 863 shares during the period. Citigroup Inc. lifted its stake in B. Riley Financial by 47.4% during the 4th quarter. Citigroup Inc. now owns 4,158 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 1,337 shares during the period. Panagora Asset Management Inc. acquired a new stake in B. Riley Financial during the 4th quarter valued at approximately $135,000. Finally, BNP Paribas Arbitrage SA lifted its stake in B. Riley Financial by 26.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,363 shares of the asset manager’s stock valued at $117,000 after acquiring an additional 1,320 shares during the period. 44.48% of the stock is currently owned by institutional investors.
Shares of NASDAQ RILY opened at $21.76 on Wednesday. The company has a current ratio of 4.69, a quick ratio of 4.69 and a debt-to-equity ratio of 6.30. B. Riley Financial Inc has a 12 month low of $12.94 and a 12 month high of $30.17. The company has a 50 day simple moving average of $20.15 and a two-hundred day simple moving average of $21.96. The stock has a market cap of $523.78 million, a price-to-earnings ratio of -17.98 and a beta of 0.84.
B. Riley Financial (NASDAQ:RILY) last posted its earnings results on Monday, May 11th. The asset manager reported ($3.29) earnings per share (EPS) for the quarter. B. Riley Financial had a net margin of 12.52% and a negative return on equity of 1.09%. The firm had revenue of ($0.21) million during the quarter.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, June 1st were paid a $0.25 dividend. This is a boost from B. Riley Financial’s previous quarterly dividend of $0.08. This represents a $1.00 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Friday, May 29th.
Separately, BidaskClub upgraded shares of B. Riley Financial from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th.
In related news, major shareholder B. Riley Financial, Inc. acquired 12,275 shares of B. Riley Financial stock in a transaction on Wednesday, April 8th. The stock was bought at an average cost of $3.23 per share, for a total transaction of $39,648.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bryant R. Riley acquired 9,311 shares of B. Riley Financial stock in a transaction on Tuesday, June 9th. The shares were bought at an average price of $22.98 per share, with a total value of $213,966.78. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 329,949 shares of company stock valued at $2,009,299. Company insiders own 26.20% of the company’s stock.
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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