B. Riley Financial, Inc. (RILY) Holdings Boosted by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC increased its position in shares of B. Riley Financial, Inc. (NASDAQ:RILY) by 34.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,791 shares of the asset manager’s stock after acquiring an additional 9,488 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.19% of B. Riley Financial worth $682,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of B. Riley Financial by 154.1% during the second quarter. Wells Fargo & Company MN now owns 12,333 shares of the asset manager’s stock valued at $229,000 after acquiring an additional 7,479 shares during the period. Rhumbline Advisers acquired a new position in shares of B. Riley Financial during the second quarter valued at $298,000. Schwab Charles Investment Management Inc. lifted its stake in shares of B. Riley Financial by 40.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 19,002 shares of the asset manager’s stock valued at $353,000 after acquiring an additional 5,502 shares during the period. Strs Ohio lifted its stake in shares of B. Riley Financial by 250.0% during the second quarter. Strs Ohio now owns 21,700 shares of the asset manager’s stock valued at $402,000 after acquiring an additional 15,500 shares during the period. Finally, Royce & Associates LP acquired a new position in shares of B. Riley Financial during the second quarter valued at $438,000. 42.29% of the stock is currently owned by institutional investors and hedge funds.

B. Riley Financial, Inc. (RILY) opened at $17.05 on Wednesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.97 and a current ratio of 2.97. B. Riley Financial, Inc. has a one year low of $13.55 and a one year high of $21.30. The stock has a market capitalization of $440.68, a price-to-earnings ratio of 9.68 and a beta of 1.00.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Tuesday, November 21st. B. Riley Financial’s dividend payout ratio (DPR) is presently 21.19%.

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About B. Riley Financial

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

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