B. Riley Financial (NASDAQ:RILY) Trading Down 8.5%

B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) shares fell 8.5% on Tuesday . The company traded as low as $23.78 and last traded at $24.14. 205,147 shares were traded during trading, a decline of 85% from the average session volume of 1,342,065 shares. The stock had previously closed at $26.37.

B. Riley Financial Stock Down 10.9 %

The stock has a market capitalization of $718.63 million, a PE ratio of -8.42 and a beta of 1.56. The company has a debt-to-equity ratio of 13.51, a current ratio of 4.95 and a quick ratio of 4.62. The business's fifty day moving average price is $19.71 and its two-hundred day moving average price is $25.10.

B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its earnings results on Thursday, February 29th. The asset manager reported ($1.86) earnings per share (EPS) for the quarter. The business 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. Investors of record on Monday, March 11th were given a dividend of $0.50 per share. The ex-dividend date was Friday, March 8th. This represents a $2.00 dividend on an annualized basis and a yield of 8.51%. B. Riley Financial's dividend payout ratio is presently -71.68%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in shares of B. Riley Financial by 51.8% in the third 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. US Bancorp DE raised its position in shares of 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 purchasing an additional 510 shares during the last quarter. FMR LLC raised its position in shares of 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 purchasing an additional 499 shares during the last quarter. Worth Asset Management LLC acquired a new position in shares of B. Riley Financial during the 1st quarter worth about $58,000. Finally, DiNuzzo Private Wealth Inc. acquired a new position in shares of B. Riley Financial during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 50.20% of the company's stock.

About B. Riley Financial

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.