B. Riley Financial Inc (RILY) Shares Bought by California State Teachers Retirement System
California State Teachers Retirement System lifted its holdings in shares of B. Riley Financial Inc (NASDAQ:RILY) by 29.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,216 shares of the asset manager’s stock after buying an additional 5,530 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of B. Riley Financial worth $449,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Nationwide Fund Advisors raised its stake in shares of B. Riley Financial by 43.9% during the 2nd quarter. Nationwide Fund Advisors now owns 7,956 shares of the asset manager’s stock worth $148,000 after buying an additional 2,428 shares during the period. The Manufacturers Life Insurance Company raised its stake in B. Riley Financial by 592.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,397 shares of the asset manager’s stock valued at $211,000 after purchasing an additional 9,750 shares during the last quarter. Wells Fargo & Company MN raised its stake in B. Riley Financial by 154.1% in the 2nd quarter. Wells Fargo & Company MN now owns 12,333 shares of the asset manager’s stock valued at $229,000 after purchasing an additional 7,479 shares during the last quarter. New York State Common Retirement Fund raised its stake in B. Riley Financial by 41.3% in the 2nd quarter. New York State Common Retirement Fund now owns 14,694 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 4,293 shares during the last quarter. Finally, Rhumbline Advisers acquired a new position in B. Riley Financial in the 2nd quarter valued at $298,000. 45.81% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Bryant R. Riley acquired 7,325 shares of B. Riley Financial stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average cost of $17.15 per share, with a total value of $125,623.75. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Bryant R. Riley acquired 38,572 shares of B. Riley Financial stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of $17.89 per share, with a total value of $690,053.08. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 54,576 shares of company stock valued at $969,729. 30.90% of the stock is owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 22nd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Tuesday, November 21st. B. Riley Financial’s dividend payout ratio is currently 21.19%.
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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.
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