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Trade Alert: The Chairman & Co-CEO Of B. Riley Financial, Inc. (NASDAQ:RILY), Bryant Riley, Has Just Spent US$1.6m Buying 1.2% More Shares

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Simply Wall St
·3 min read
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B. Riley Financial, Inc. (NASDAQ:RILY) shareholders (or potential shareholders) will be happy to see that the Chairman & Co-CEO, Bryant Riley, recently bought a whopping US$1.6m worth of stock, at a price of US$26.66. While that only increased their holding size by 1.2%, it is still a big swing by our standards.

View our latest analysis for B. Riley Financial

The Last 12 Months Of Insider Transactions At B. Riley Financial

Notably, that recent purchase by Bryant Riley is the biggest insider purchase of B. Riley Financial shares that we've seen in the last year. That implies that an insider found the current price of US$29.10 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the B. Riley Financial insiders decided to buy shares at close to current prices.

B. Riley Financial insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

B. Riley Financial is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does B. Riley Financial Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. B. Riley Financial insiders own about US$268m worth of shares (which is 36% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About B. Riley Financial Insiders?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest B. Riley Financial insiders are well aligned, and quite possibly think the share price is too low. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing B. Riley Financial. Every company has risks, and we've spotted 3 warning signs for B. Riley Financial (of which 2 shouldn't be ignored!) you should know about.

Of course B. Riley Financial may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.