B. Riley Financial Announces Repurchase of Common Stock
March 19 2018 - 7:30AM
B. Riley Financial, Inc. (NASDAQ:RILY) (or “the Company”), a
diversified provider of financial and business advisory services,
announced its Board of Directors has approved the purchase of
950,000 shares of its common stock at $18.25 per share for a total
aggregate amount of approximately $17.3 million in a block purchase
as part of a privately-negotiated transaction.
In addition, B. Riley Financial’s Chairman and
CEO Bryant Riley purchased approximately 221,000 shares of common
stock for an aggregate value of approximately $4.0 million, or
$18.25 per share.
“We view allocation of capital as critical to
our success and something we constantly review,” said Bryant Riley.
“We felt that this repurchase of shares was in the best interest of
our shareholders.”
About B. Riley Financial,
Inc.Through its subsidiaries, B. Riley Financial, Inc.
provides collaborative financial services and solutions to the
capital raising and financial advisory needs of public and private
companies and high net worth individuals. The company operates
through several wholly-owned subsidiaries, including B. Riley FBR,
Inc., Wunderlich Securities, Inc., Great American Group, LLC, B.
Riley Capital Management, LLC (which includes B. Riley Asset
Management, B. Riley Wealth Management, and Great American Capital
Partners, LLC) and B. Riley Principal Investments, a group that
makes proprietary investments in other businesses, such as the
acquisition of United Online, Inc.
Investor Contact
Investor RelationsB. Riley Financial, Inc. ir@brileyfin.com(310)
966-1444
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