B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $18.97, but opened at $20.27. B. Riley Financial shares last traded at $20.65, with a volume of 403,081 shares traded.
B. Riley Financial Trading Up 11.6 %
The company has a market cap of $647.38 million, a PE ratio of -7.47 and a beta of 1.54. The company has a 50 day simple moving average of $19.41 and a two-hundred day simple moving average of $26.59. The company has a debt-to-equity ratio of 13.51, a quick ratio of 4.62 and a current ratio of 4.95.
B. Riley Financial (NASDAQ:RILY - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The asset manager reported ($1.86) earnings per share (EPS) for the quarter. The firm had revenue of $346.51 million for the quarter. B. Riley Financial had a negative net margin of 4.75% and a negative return on equity of 8.29%.
B. Riley Financial Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 9.45%. The ex-dividend date of this dividend was Friday, March 8th. B. Riley Financial's dividend payout ratio is presently -71.68%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its stake in shares of B. Riley Financial by 51.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 686 shares of the asset manager's stock worth $31,000 after purchasing an additional 234 shares in the last quarter. US Bancorp DE lifted its holdings in shares of B. Riley Financial by 289.8% in the 1st quarter. US Bancorp DE now owns 686 shares of the asset manager's stock valued at $48,000 after acquiring an additional 510 shares during the last quarter. FMR LLC lifted its stake in B. Riley Financial by 137.8% in the second quarter. FMR LLC now owns 861 shares of the asset manager's stock worth $36,000 after purchasing an additional 499 shares during the last quarter. Worth Asset Management LLC bought a new stake in B. Riley Financial in the first quarter worth about $58,000. Finally, DiNuzzo Private Wealth Inc. bought a new stake in B. Riley Financial in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 50.20% of the company's stock.
B. Riley Financial Company Profile
(
Get Free Report)
B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.
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