B. Riley Financial - RILY Stock Forecast, Price & News

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 Investments-Communications, 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 Investments-Communications 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.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of B. Riley Financial from a "hold" rating to a "sell" rating in a report on Monday, August 1st.

B. Riley Financial Stock Performance

RILY remained flat at $55.73 during trading on Friday. 137,833 shares of the company's stock were exchanged, compared to its average volume of 216,928. B. Riley Financial has a 52-week low of $41.20 and a 52-week high of $91.24. The company has a quick ratio of 5.46, a current ratio of 5.66 and a debt-to-equity ratio of 8.15. The stock has a market capitalization of $1.58 billion, a PE ratio of -32.21 and a beta of 1.85. The stock has a 50 day moving average price of $48.11 and a two-hundred day moving average price of $55.90.

B. Riley Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Shareholders of record on Thursday, August 11th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date is Wednesday, August 10th. B. Riley Financial's payout ratio is -231.21%.

Insiders Place Their Bets

In other B. Riley Financial news, Director Randall E. Paulson bought 25,000 shares of B. Riley Financial stock in a transaction on Monday, August 1st. The shares were purchased at an average cost of $52.13 per share, with a total value of $1,303,250.00. Following the acquisition, the director now directly owns 210,907 shares of the company's stock, valued at approximately $10,994,581.91. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Randall E. Paulson acquired 25,000 shares of B. Riley Financial stock in a transaction dated Monday, August 1st. The shares were bought at an average cost of $52.13 per share, with a total value of $1,303,250.00. Following the purchase, the director now owns 210,907 shares in the company, valued at approximately $10,994,581.91. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Daniel Asher acquired 17,200 shares of B. Riley Financial stock in a transaction dated Monday, May 23rd. The stock was purchased at an average cost of $49.60 per share, for a total transaction of $853,120.00. Following the completion of the purchase, the insider now owns 1,262,493 shares in the company, valued at approximately $62,619,652.80. The disclosure for this purchase can be found here. Insiders have acquired 141,408 shares of company stock valued at $6,981,246 in the last ninety days. 27.90% of the stock is currently owned by insiders.