B. Riley Financial (NASDAQ:RILY) Updates Q4 2020 After-Hours Earnings Guidance


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B. Riley Financial (NASDAQ:RILY) issued an update on its fourth quarter 2020
After-Hours earnings guidance on Tuesday morning. The company provided EPS guidance of 6.18-6.38 for the period. B. Riley Financial also updated its FY 2020
After-Hours guidance to 7.20-7.39 EPS.

NASDAQ RILY opened at $51.05 on Thursday. The business’s fifty day moving average is $40.27 and its 200-day moving average is $29.55. The company has a debt-to-equity ratio of 5.07, a current ratio of 5.31 and a quick ratio of 5.31. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 49.09 and a beta of 0.96. B. Riley Financial has a one year low of $12.94 and a one year high of $52.29.

B. Riley Financial (NASDAQ:RILY) last released its earnings results on Thursday, October 29th. The asset manager reported $1.92 earnings per share for the quarter. The company had revenue of $226.25 million during the quarter.

Separately, BidaskClub raised B. Riley Financial from a hold rating to a buy rating in a research report on Friday, November 6th.

In other B. Riley Financial news, President Kenneth M. Young purchased 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, January 13th. The shares were bought at an average cost of $46.00 per share, for a total transaction of $73,600.00. Following the purchase, the president now owns 141,611 shares of the company’s stock, valued at approximately $6,514,106. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bryant R. Riley acquired 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was acquired at an average cost of $26.66 per share, with a total value of $1,599,600.00. In the last three months, insiders purchased 226,600 shares of company stock valued at $8,287,150. 26.20% of the stock is currently owned by insiders.

About B. Riley Financial

B. Riley Financial, Inc, through its subsidiaries, provides collaborative financial services and solutions in North America, Australia, and Europe. The Capital Markets segments offers range of investment banking, corporate finance, consulting, financial advisory, research, securities lending, wealth management, and sales and trading services to corporate, institutional, and high net worth clients.

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