Stocks of B. Riley Financial Inc. (NASDAQ:RILY) traded higher last session on Wall Street, down -9.56% to $36.44.
As we calculate the median target price by taking the range between a high of $30.00 and a low of $30.00, we find $30.00. Given the previous closing price of $40.29, this indicates a potential downside of -25.54 percent. RILY stock price is now -8.97% away from the 50-day moving average and -19.52% away from the 200-day moving average. The market capitalization of the company currently stands at $994.08M.
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Brokers who have rated the stock have averaged $30.00 as their price target over the next twelve months.
In other news, RILEY BRYANT R, Chairman and Co-CEO bought 11,500 shares of the company’s stock on Mar 07. The stock was bought for $466,665 at an average price of $40.58. Upon completion of the transaction, the Chairman and Co-CEO now directly owns 207,500 shares in the company, valued at $7.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07, Chairman and Co-CEO RILEY BRYANT R bought 7,500 shares of the business’s stock. A total of $303,409 was incurred on buying the stock at an average price of $40.45. This leaves the insider owning 6,582,668 shares of the company worth $239.87 million. Insiders disposed of 184,844 shares of company stock worth roughly $6.74 million over the past 1 year. A total of 23.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RILY stock. A new stake in B. Riley Financial Inc. shares was purchased by B. RILEY ASSET MANAGEMENT, LLC during the first quarter worth $5,932,000. ALGERT GLOBAL LLC invested $2,332,000 in shares of RILY during the first quarter. In the first quarter, EPACRIA CAPITAL PARTNERS, LLC acquired a new stake in B. Riley Financial Inc. valued at approximately $1,824,000. BOOTHBAY FUND MANAGEMENT, LLC acquired a new stake in RILY for approximately $1,715,000. EAGLE ASSET MANAGEMENT INC purchased a new stake in RILY valued at around $1,636,000 in the second quarter. In total, there are 241 active investors with 47.00% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $39.56 for B. Riley Financial Inc. (NASDAQ: RILY). During the past 12 months, B. Riley Financial Inc. has had a low of $30.75 and a high of $73.10. The fifty day moving average price for RILY is $40.03 and a two-hundred day moving average price translates $45.28 for the stock.
The latest earnings results from B. Riley Financial Inc. (NASDAQ: RILY) was released for Sep, 2022. The net profit margin was -4.70% and return on equity was -7.50% for RILY. The company reported revenue of $340.36 million for the quarter, compared to $381.52 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.79 percent.
Moreover, the firm recently paid out its quarterly dividend on 03/23/2023. Investors who held shares on 03/10/2023 were paid a $1.00 dividend. On an annualized basis, this represents a $4.00 dividend and a 10.98% percent yield. There was an ex-dividend date of 03/09/2023 for this dividend.
B. Riley Financial Inc.(RILY) Company Profile
B. Riley Financial, Inc., through its subsidiaries, provides investment banking and financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates in six segments: Capital Markets, Wealth Management, Auction and Liquidation, Financial Consulting, Principal InvestmentsCommunications, and Brands. The Capital Markets segments offers investment banking, corporate finance, financial advisory, research, securities lending and sales, and trading services; merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements services; asset management services; and trades in equity securities. The Wealth Management segment provides wealth management and tax services. The Auction and Liquidation Segment offers retail store liquidation, and wholesale and industrial assets disposition services. The Financial Consulting segment provides bankruptcy, forensic accounting, litigation support, operations management and real estate consulting, and valuation and appraisal services. The Principal InvestmentsCommunications segment provides consumer Internet access through United Online under the NetZero and Juno brands; VoIP communication and related products, and subscription services through magicJack; and mobile phone services and devices through Marconi Wireless. The Brands segments provides licensing of a brand investment portfolio, including Catherine Malandrino, English Laundry, Joan Vass, Kensie Girl, Limited Too, and Nanette Lepore. It also offers advisory services; brokerage services; senior secured and second lien secured loans to middle market public and the private U.S. companies; and consulting services. The company was formerly known as Great American Group, Inc. and changed its name to B. Riley Financial, Inc. in November 2014. The company was founded in 1973 and is headquartered in Los Angeles, California.
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