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B. Riley Financial, Inc. (NASDAQ:RILY) shareholders (or potential shareholders) will be happy to see that the Independent Director, Robert Antin, recently bought a whopping US$644k worth of stock, at a price of US$25.75. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 5.6%.
View our latest analysis for B. Riley Financial
The Last 12 Months Of Insider Transactions At B. Riley Financial
Over the last year, we can see that the biggest insider sale was by the insider, Daniel Asher, for US$36m worth of shares, at about US$57.83 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$24.20. So it is hard to draw any strong conclusion from it. Daniel Asher was the only individual insider to sell over the last year. Notably Daniel Asher was also the biggest buyer, having purchased US$62m worth of shares.
Happily, we note that in the last year insiders paid US$62m for 1.15m shares. On the other hand they divested 629.69k shares, for US$36m. In total, B. Riley Financial insiders bought more than they sold over the last year. They paid about US$53.97 on average. This is nice to see since it implies that insiders might see value around current prices. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of B. Riley Financial
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. B. Riley Financial insiders own about US$297m worth of shares (which is 44% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The B. Riley Financial Insider Transactions Indicate?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. 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. One for the watchlist, at least! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To that end, you should learn about the 5 warning signs we've spotted with B. Riley Financial (including 3 which shouldn't be ignored).