B. Riley Financial Inc (RILY): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

Stocks Info

This NASDAQ-listed company operates within the Financial Conglomerates industry segment, falling under the Financial sector. The current market capitalization of B. Riley Financial Inc is $164.68M. A total of 4.41 million shares were traded on the day, compared to an average of 1.91M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, RILY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 0 SELLs from insiders. Insiders purchased 0 shares during that period but sold 0.

In the most recent transaction, B. Riley Financial, Inc. sold 32,678 shares of RILY for 12.84 per share on Aug 26 ’24. After the transaction, the 10% Owner now owns 994,034 company shares. In a previous transaction on Aug 27 ’24, B. Riley Financial, Inc. sold 13,525 shares at 12.82 per share. RILY shares that 10% Owner owns now total 980,509.

Among the insiders who sold shares, B. Riley Financial, Inc. disposed of 9,819 shares on Aug 23 ’24 at a per-share price of $12.82. This resulted in the 10% Owner holding 1,026,712 shares of RILY after the transaction. In another insider transaction, B. Riley Financial, Inc. sold 8,437 shares at $12.82 per share on Aug 20 ’24. Company shares held by the 10% Owner now total 1,040,304.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. RILY’s most recent ex-dividend date was 6.9% when it declared a $0.50 quarterly dividend that was paid in cash on 5/27/2024. Previously, the company paid the dividend on 3/11/2024 with an ex-dividend date of 11.87%. The RILY stock dividend was $0.50 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for RILY in the last 3 months, the mean price target is $30.00 with high estimates of $30.00 and low estimates of $30.00. In terms of 52-week highs and lows, RILY has a high of $40.09 and a low of $2.73.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. RILY’s latest balance sheet shows that the firm has $278.93M in Cash & Short Term Investments as of fiscal 2021. There were $2.10B in debt and $517.75M in liabilities at the time. Its Book Value Per Share was -$16.31, while its Total Shareholder’s Equity was $1.05B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock.

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