New York State Common Retirement Fund increased its stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY) by 41.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,694 shares of the asset manager’s stock after buying an additional 4,293 shares during the period. New York State Common Retirement Fund owned about 0.08% of B. Riley Financial worth $273,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signia Capital Management LLC purchased a new stake in B. Riley Financial during the second quarter worth about $1,642,000. Marshall Wace North America L.P. purchased a new position in shares of B. Riley Financial in the second quarter worth about $550,000. Bowling Portfolio Management LLC purchased a new position in shares of B. Riley Financial in the second quarter worth about $1,649,000. Rhumbline Advisers purchased a new position in shares of B. Riley Financial in the second quarter worth about $298,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of B. Riley Financial in the second quarter worth about $1,377,000. Institutional investors and hedge funds own 43.73% of the company’s stock.
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In other B. Riley Financial news, CEO Bryant R. Riley bought 7,325 shares of B. Riley Financial stock in a transaction dated Thursday, November 16th. The stock was purchased at an average price of $17.15 per share, for a total transaction of $125,623.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bryant R. Riley bought 8,679 shares of B. Riley Financial stock in a transaction dated Monday, November 20th. The stock was acquired at an average price of $17.75 per share, with a total value of $154,052.25. The disclosure for this purchase can be found here. 30.90% of the stock is owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.32 annualized dividend and a dividend yield of 1.77%. B. Riley Financial’s payout ratio is 21.19%.
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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