B. Riley Financial (NASDAQ:RILY) Trading 8.3% Higher

B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report)'s stock price shot up 8.3% during mid-day trading on Monday . The company traded as high as $25.32 and last traded at $25.32. 520,679 shares were traded during trading, a decline of 61% from the average session volume of 1,341,238 shares. The stock had previously closed at $23.38.

B. Riley Financial Stock Performance

The stock has a market capitalization of $806.39 million, a P/E ratio of -9.41 and a beta of 1.56. The stock has a 50 day moving average of $19.70 and a 200 day moving average of $25.33. 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 data on Thursday, February 29th. The asset manager reported ($1.86) EPS for the quarter. The company had revenue of $346.51 million for the quarter. B. Riley Financial had a negative return on equity of 8.29% and a negative net margin of 4.75%.

B. Riley Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.00 dividend on an annualized basis and a yield of 7.58%. B. Riley Financial's payout ratio is currently -71.68%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. DiNuzzo Private Wealth Inc. acquired a new position in B. Riley Financial during the 4th quarter worth $29,000. Public Employees Retirement System of Ohio boosted its position in B. Riley Financial by 51.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 686 shares of the asset manager's stock worth $31,000 after acquiring an additional 234 shares during the period. FMR LLC boosted its position in B. Riley Financial by 137.8% during the 2nd quarter. FMR LLC now owns 861 shares of the asset manager's stock worth $36,000 after acquiring an additional 499 shares during the period. US Bancorp DE boosted its position in B. Riley Financial by 289.8% during the 1st quarter. US Bancorp DE now owns 686 shares of the asset manager's stock worth $48,000 after acquiring an additional 510 shares during the period. Finally, Worth Asset Management LLC acquired a new position in B. Riley Financial during the 1st quarter worth $58,000. 50.20% of the stock is currently owned by institutional investors.

B. Riley Financial Company Profile

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.