B. Riley Financial, Inc. (NASDAQ:RILY) Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its holdings in shares of B. Riley Financial, Inc. (NASDAQ:RILY - Free Report) by 152.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,632 shares of the asset manager's stock after acquiring an additional 72,247 shares during the quarter. Kennedy Capital Management LLC owned about 0.39% of B. Riley Financial worth $4,904,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its holdings in 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 valued at $31,000 after purchasing an additional 234 shares during the last quarter. FMR LLC boosted its holdings in B. Riley Financial by 137.8% in the 2nd quarter. FMR LLC now owns 861 shares of the asset manager's stock valued at $36,000 after purchasing an additional 499 shares during the last quarter. US Bancorp DE boosted its holdings in 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 purchasing an additional 510 shares during the last quarter. Worth Asset Management LLC acquired a new position in B. Riley Financial in the 1st quarter valued at about $58,000. Finally, Point72 Hong Kong Ltd acquired a new position in B. Riley Financial in the 2nd quarter valued at about $64,000. 41.47% of the stock is currently owned by institutional investors and hedge funds.

B. Riley Financial Stock Performance

Shares of RILY stock opened at $22.51 on Friday. The firm's 50 day moving average price is $20.31 and its 200-day moving average price is $29.58. 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, Inc. has a one year low of $14.46 and a one year high of $60.72. The firm has a market cap of $688.36 million, a P/E ratio of -8.07 and a beta of 1.54.

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. B. Riley Financial had a negative return on equity of 8.29% and a negative net margin of 4.75%. The company had revenue of $346.51 million during the quarter.

B. Riley Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Monday, March 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.88%. The ex-dividend date is Friday, March 8th. B. Riley Financial's payout ratio is currently -143.37%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of B. Riley Financial from a "hold" rating to a "sell" rating in a report on Friday, November 10th.

B. Riley Financial 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.

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