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Tuesday, January 31, 2023

Is B. Riley Financial Inc. (NASDAQ: RILY) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for B. Riley Financial Inc. (RILY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.79, or 2.31%, to $34.99. The B. Riley Financial Inc. has recorded 3,822 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that B. Riley Financial Provides Fourth Quarter and FY 2022 Earnings Guidance.


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Stocks Info

RILY belongs to the Financial sector of the NASDAQ while operating in the Financial Conglomerates industry. At the end of the last regular session, the stock closed at $34.20 and fluctuated between $35.57 as its day high and $33.59 as its day low. The current market capitalization of B. Riley Financial Inc. is $981.88M. A total of 0.65 million shares were traded on the day, compared to an average of 351.52K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, RILY has seen 5 BUY and 1 SELL insider trades, representing the acquisition of 117,641 and the disposition of 904 shares. Over the last 12 months, there were 62 BUYs and 17 SELLs from insiders. Insiders purchased 1,136,967 shares during that period but sold 184,844.

In the most recent transaction, RILEY BRYANT R bought 20,541 shares of RILY for 33.82 per share on Dec 29. After the transaction, the Chairman and Co-CEO now owns 6,240,020 company shares. In a previous transaction on Dec 28, RILEY BRYANT R bought 6,023 shares at 31.29 per share. RILY shares that Chairman and Co-CEO owns now total 6,219,479.

Among the insiders who bought shares, Brandt Tamara Sue acquired of 625 shares on Dec 28 at a per-share price of $32.01. This resulted in the Director holding 2,563 shares of RILY after the transaction. In another insider transaction, RILEY BRYANT R bought 120,000 shares at $40.13 per share on Dec 16. Company shares held by the Chairman and Co-CEO now total 6,213,456.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. RILY’s most recent ex-dividend date was 11/14/2022 when it declared a $1.00 quarterly dividend that was paid in cash on 11/29/2022. Previously, the company paid the dividend on 8/23/2022 with an ex-dividend date of 8/10/2022. The RILY stock dividend was $1.00 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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 $91.24 and a low of $30.75.

As of this writing, RILY has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

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. Currently, 1 analysts are providing their opinions on the stock. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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