Shares of B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) were down 2.9% during mid-day trading on Monday . The company traded as low as $20.33 and last traded at $20.65. Approximately 99,740 shares changed hands during trading, a decline of 92% from the average daily volume of 1,311,838 shares. The stock had previously closed at $21.27.
B. Riley Financial Price Performance
The business's fifty day simple moving average is $19.76 and its 200-day simple moving average is $24.54. The company has a current ratio of 4.95, a quick ratio of 4.62 and a debt-to-equity ratio of 13.51. The firm has a market cap of $621.39 million, a P/E ratio of -7.28 and a beta of 1.56.
B. Riley Financial (NASDAQ:RILY - Get Free Report) last issued 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 company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given 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 dividend yield of 9.84%. B. Riley Financial's dividend payout ratio (DPR) is currently -71.68%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in RILY. Charles Schwab Investment Management Inc. grew its position in B. Riley Financial by 11.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 276,455 shares of the asset manager's stock worth $11,332,000 after acquiring an additional 27,584 shares in the last quarter. Vanguard Group Inc. grew its position in B. Riley Financial by 3.8% in the third quarter. Vanguard Group Inc. now owns 1,192,119 shares of the asset manager's stock worth $48,865,000 after acquiring an additional 43,247 shares in the last quarter. Kennedy Capital Management LLC grew its position in B. Riley Financial by 152.5% in the third quarter. Kennedy Capital Management LLC now owns 119,632 shares of the asset manager's stock worth $4,904,000 after acquiring an additional 72,247 shares in the last quarter. Federated Hermes Inc. purchased a new position in B. Riley Financial in the third quarter worth $781,000. Finally, Allspring Global Investments Holdings LLC grew its position in B. Riley Financial by 619,372.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 272,568 shares of the asset manager's stock worth $11,173,000 after acquiring an additional 272,524 shares in the last quarter. 50.20% of the stock is currently owned by hedge funds and other institutional investors.
About B. Riley Financial
(
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.
Featured Articles
Before you consider B. Riley Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and B. Riley Financial wasn't on the list.
While B. Riley Financial currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
