|Bid||24.96 x 800|
|Ask||24.98 x 1200|
|Day's Range||24.92 - 24.98|
|52 Week Range||8.63 - 26.37|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Earlier today, B. Riley issued a press release and presentation detailing its financial results for the third quarter. Joining us today from B. Riley are Bryant Riley, Chairman and Co-CEO; Tom Kelleher, Co-CEO; and Phillip Ahn, CFO and COO. Mr. Riley, please proceed.
A Form 4 filing filed with the SEC on Thursday, September 3 showed that Chairman and Co - Riley Bryant R bought 700 shares of B. Riley Financial Inc (NASDAQ:RILY)at an average price of $27.15. The transaction moved the executive's stake in B. Riley Financial Inc. to 5,575 shares. Shares of B. Riley Financial rose by 0.2% from the previous closing price.The Importance of Insider Transactions Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.When an insider buys stock after an important sell off, that can indicate the insider's faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to "take some profit" and "lock in a gain."Important Transaction Codes Investors prefer focusing on transactions which take place in the open market, indicated in the Form 4 with codes P for purchase and S for sale. If the transaction was an open-market transaction, that means that the insider made a concious decision for the company's stock moving forward.Transaction codes besides P or S aren't relatively important as they are seldom tied to a decision by the executive. For example, transaction code A is indicative of an insider being forced to sell shares to attain compensation. Moreover, transaction code C indicates the conversion of an option.See more from Benzinga * P/E Ratio Insights for Sportsman's Warehouse * P/E Ratio Insights for Science Applications * A Look Into Five Below's Price Over Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Earlier today, B. Riley issued a press release and presentation detailing its financial results for the second quarter. Copies are available in the Investor Relations section of the company's website at ir.brileyfin.com. An audio replay will also be available on the company's website later today.