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.
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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