Russell Investments Group Ltd. Buys 36,638 Shares of B. Riley Financial Inc (NASDAQ:RILY)

Russell Investments Group Ltd. raised its stake in B. Riley Financial Inc (NASDAQ:RILY) by 8.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 473,430 shares of the asset manager’s stock after buying an additional 36,638 shares during the period. Russell Investments Group Ltd.’s holdings in B. Riley Financial were worth $11,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RILY. Heartland Advisors Inc. bought a new stake in shares of B. Riley Financial in the 2nd quarter valued at about $3,367,000. BlackRock Inc. grew its position in shares of B. Riley Financial by 3.0% in the 2nd quarter. BlackRock Inc. now owns 1,264,168 shares of the asset manager’s stock valued at $26,371,000 after buying an additional 37,412 shares during the last quarter. Zebra Capital Management LLC bought a new stake in shares of B. Riley Financial in the 2nd quarter valued at about $202,000. California Public Employees Retirement System grew its position in shares of B. Riley Financial by 18.9% in the 3rd quarter. California Public Employees Retirement System now owns 37,814 shares of the asset manager’s stock valued at $893,000 after buying an additional 6,020 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of B. Riley Financial by 24.5% in the 2nd quarter. Bank of America Corp DE now owns 27,594 shares of the asset manager’s stock valued at $575,000 after buying an additional 5,429 shares during the last quarter. Hedge funds and other institutional investors own 46.81% of the company’s stock.

In other B. Riley Financial news, major shareholder B. Riley Financial, Inc. bought 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were bought at an average price of $12.00 per share, for a total transaction of $12,000,000.00. The purchase was disclosed in a filing with the SEC, which is available through this link. 24.60% of the stock is owned by corporate insiders.

Shares of B. Riley Financial stock traded down $0.41 on Wednesday, hitting $28.46. 67,000 shares of the company’s stock traded hands, compared to its average volume of 63,123. B. Riley Financial Inc has a one year low of $13.60 and a one year high of $30.17. The company has a debt-to-equity ratio of 5.28, a current ratio of 4.51 and a quick ratio of 4.51. The company has a fifty day moving average of $24.71 and a two-hundred day moving average of $21.45. The company has a market capitalization of $756.14 million, a price-to-earnings ratio of 10.29 and a beta of 0.92.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results on Wednesday, October 30th. The asset manager reported $1.29 EPS for the quarter. B. Riley Financial had a return on equity of 27.38% and a net margin of 9.45%. The company had revenue of $180.06 million for the quarter.

The firm also recently announced a dividend, which will be paid on Tuesday, November 26th. Investors of record on Thursday, November 14th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Wednesday, November 13th.

A number of equities research analysts have commented on the company. BidaskClub upgraded B. Riley Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. ValuEngine lowered B. Riley Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

B. Riley Financial Company 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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Institutional Ownership by Quarter for B. Riley Financial (NASDAQ:RILY)

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