BlackRock Inc. grew its holdings in B. Riley Financial Inc (NASDAQ:RILY) by 1.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,218,842 shares of the asset manager’s stock after buying an additional 12,275 shares during the period. BlackRock Inc. owned 4.66% of B. Riley Financial worth $27,607,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of B. Riley Financial by 19.8% in the third quarter. Wells Fargo & Company MN now owns 137,861 shares of the asset manager’s stock valued at $3,122,000 after buying an additional 22,832 shares during the last quarter. Bank of New York Mellon Corp increased its position in B. Riley Financial by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 140,927 shares of the asset manager’s stock worth $3,179,000 after purchasing an additional 5,193 shares during the last quarter. Northern Trust Corp increased its position in B. Riley Financial by 5.0% during the second quarter. Northern Trust Corp now owns 221,834 shares of the asset manager’s stock worth $5,003,000 after purchasing an additional 10,568 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in B. Riley Financial during the third quarter worth about $203,000. Finally, Legato Capital Management LLC increased its position in B. Riley Financial by 90.7% during the third quarter. Legato Capital Management LLC now owns 87,420 shares of the asset manager’s stock worth $1,980,000 after purchasing an additional 41,570 shares during the last quarter. Institutional investors and hedge funds own 47.04% of the company’s stock.
B. Riley Financial stock opened at $14.60 on Monday. B. Riley Financial Inc has a 12-month low of $13.78 and a 12-month high of $23.70. The stock has a market cap of $387.69 million, a P/E ratio of 9.36 and a beta of 1.36. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 5.54.
B. Riley Financial (NASDAQ:RILY) last released its quarterly earnings data on Monday, November 5th. The asset manager reported $0.17 earnings per share (EPS) for the quarter. B. Riley Financial had a net margin of 4.22% and a return on equity of 15.70%. The firm had revenue of $99.68 million during the quarter.
Separately, BidaskClub cut shares of B. Riley Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 30th.
In related news, major shareholder B. Riley Financial, Inc. bought 391,893 shares of the stock in a transaction on Friday, December 27th. The stock was bought at an average price of $1.26 per share, with a total value of $493,785.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bryant R. Riley bought 10,500 shares of the stock in a transaction on Friday, December 7th. The shares were bought at an average cost of $17.28 per share, with a total value of $181,440.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,034,239 shares of company stock valued at $3,299,952. 24.20% of the stock is owned by company insiders.
ILLEGAL ACTIVITY NOTICE: “BlackRock Inc. Acquires 12,275 Shares of B. Riley Financial Inc (RILY)” was published by Fairfield Current and is the sole property of of Fairfield Current. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.fairfieldcurrent.com/news/2019/01/21/blackrock-inc-acquires-12275-shares-of-b-riley-financial-inc-rily.html.
B. Riley Financial Profile
B. Riley Financial, Inc provides 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. It offers investment banking services, including merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements; and corporate finance, research, securities lending, wealth management, and sales and trading services to corporate, institutional, and high net worth clients.
Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers
Receive News & Ratings for B. Riley Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for B. Riley Financial and related companies with MarketBeat.com’s FREE daily email newsletter.