B. Riley Financial (NASDAQ:RILY) Announces Earnings Results

B. Riley Financial (NASDAQ:RILY) posted its quarterly earnings results on Thursday. The asset manager reported $0.96 earnings per share for the quarter, Morningstar.com reports. B. Riley Financial had a net margin of 4.05% and a return on equity of 14.44%. The company had revenue of $164.68 million for the quarter.

Shares of B. Riley Financial stock traded up $1.85 during trading hours on Friday, hitting $20.43. The company’s stock had a trading volume of 73,268 shares, compared to its average volume of 65,096. B. Riley Financial has a 1-year low of $13.60 and a 1-year high of $23.40. The firm has a fifty day moving average price of $19.84. The firm has a market cap of $542.89 million, a P/E ratio of 13.31 and a beta of 0.89. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 5.47.

Separately, BidaskClub raised shares of B. Riley Financial from a “sell” rating to a “hold” rating in a research report on Wednesday.

In other news, SVP Howard Weitzman sold 10,000 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $19.49, for a total value of $194,900.00. Following the completion of the sale, the senior vice president now owns 41,990 shares of the company’s stock, valued at $818,385.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Bryant R. Riley acquired 40,229 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was acquired at an average cost of $19.24 per share, with a total value of $774,005.96. The disclosure for this purchase can be found here. 24.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC acquired a new stake in B. Riley Financial during the 2nd quarter valued at $29,000. BNP Paribas Arbitrage SA grew its holdings in 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 valued at $72,000 after purchasing an additional 3,618 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in 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 valued at $102,000 after purchasing an additional 5,804 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in B. Riley Financial during the 4th quarter valued at $200,000. Finally, Hollow Brook Wealth Management LLC acquired a new stake in B. Riley Financial during the 1st quarter valued at $380,000. 46.20% of the stock is owned by institutional investors and hedge funds.

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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Earnings History for B. Riley Financial (NASDAQ:RILY)

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