Bowling Portfolio Management LLC Acquires New Stake in B. Riley Financial, Inc. (RILY)

Bowling Portfolio Management LLC bought a new stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 88,887 shares of the asset manager’s stock, valued at approximately $1,649,000. Bowling Portfolio Management LLC owned 0.46% of B. Riley Financial as of its most recent filing with the SEC.

Separately, Municipal Employees Retirement System of Michigan purchased a new stake in shares of B. Riley Financial during the second quarter worth approximately $1,377,000. 31.28% of the stock is currently owned by institutional investors.

B. Riley Financial, Inc. (RILY) opened at 15.35 on Friday. The company has a market cap of $325.67 million, a P/E ratio of 8.01 and a beta of 1.09. The company’s 50 day moving average price is $18.22 and its 200 day moving average price is $16.16. B. Riley Financial, Inc. has a 52-week low of $9.31 and a 52-week high of $21.30.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings results on Monday, August 7th. The asset manager reported $0.37 EPS for the quarter. B. Riley Financial had a return on equity of 22.74% and a net margin of 14.34%. The company had revenue of $66.68 million during the quarter.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Monday, August 21st will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, August 17th. B. Riley Financial’s payout ratio is 16.24%.

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In related news, Chairman Bryant R. Riley acquired 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average cost of $15.55 per share, for a total transaction of $435,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas J. /Adv Kelleher acquired 3,148 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was bought at an average price of $14.56 per share, with a total value of $45,834.88. Following the completion of the acquisition, the president now directly owns 48,757 shares of the company’s stock, valued at $709,901.92. The disclosure for this purchase can be found here. Insiders bought a total of 62,628 shares of company stock valued at $939,584 over the last quarter. 30.90% of the stock is owned by corporate insiders.

B. Riley Financial Company Profile

B. Riley Financial, Inc is an independent investment bank. The Company’s segments include capital markets, auction and liquidation, valuation and appraisal, and Principal Investments-United Online. The capital markets segment provides an array of investment banking, corporate finance, research, wealth management, sales and trading services to corporate, institutional and high net worth clients.

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

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