Teachers Advisors LLC Boosts Position in B. Riley Financial, Inc. (RILY)
Teachers Advisors LLC boosted its holdings in B. Riley Financial, Inc. (NASDAQ:RILY) by 70.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,367 shares of the asset manager’s stock after purchasing an additional 10,521 shares during the quarter. Teachers Advisors LLC owned about 0.13% of B. Riley Financial worth $471,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of RILY. Signia Capital Management LLC purchased a new position in B. Riley Financial during the 2nd quarter worth $1,642,000. Marshall Wace North America L.P. purchased a new position in B. Riley Financial during the 2nd quarter worth $550,000. Bowling Portfolio Management LLC purchased a new position in B. Riley Financial during the 2nd quarter worth $1,649,000. Rhumbline Advisers purchased a new position in B. Riley Financial during the 2nd quarter worth $298,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in B. Riley Financial during the 2nd quarter worth $1,377,000. 42.29% of the stock is owned by institutional investors and hedge funds.
B. Riley Financial, Inc. (RILY) opened at $16.50 on Monday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.97 and a current ratio of 2.97. The stock has a market cap of $436.71, a price-to-earnings ratio of 9.59 and a beta of 1.00. B. Riley Financial, Inc. has a fifty-two week low of $13.55 and a fifty-two week high of $21.30.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 22nd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Tuesday, November 21st. B. Riley Financial’s dividend payout ratio (DPR) is currently 21.19%.
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B. Riley Financial 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.
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