Vanguard Group Inc. Has $48.87 Million Position in B. Riley Financial, Inc. (NASDAQ:RILY)

Vanguard Group Inc. grew its stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY - Free Report) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,192,119 shares of the asset manager's stock after buying an additional 43,247 shares during the period. Vanguard Group Inc. owned 3.90% of B. Riley Financial worth $48,865,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of B. Riley Financial by 51.8% during the third 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 during the last quarter. FMR LLC boosted its holdings in shares of B. Riley Financial by 137.8% during 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. US Bancorp DE boosted its holdings in shares of B. Riley Financial by 289.8% during the first 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. Worth Asset Management LLC acquired a new stake in shares of B. Riley Financial during the first quarter worth $58,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of B. Riley Financial during the second quarter worth $64,000. Hedge funds and other institutional investors own 50.20% of the company's stock.

B. Riley Financial Trading Down 10.9 %

Shares of RILY stock traded down $2.87 during mid-day trading on Tuesday, hitting $23.50. 1,198,135 shares of the company's stock were exchanged, compared to its average volume of 1,356,923. B. Riley Financial, Inc. has a fifty-two week low of $14.46 and a fifty-two week high of $60.72. The stock has a 50-day simple moving average of $19.71 and a two-hundred day simple moving average of $25.10. The company has a quick ratio of 4.62, a current ratio of 4.95 and a debt-to-equity ratio of 13.51. The stock has a market cap of $718.63 million, a price-to-earnings ratio of -8.42 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 for the quarter. B. Riley Financial had a negative net margin of 4.75% and a negative return on equity of 8.29%. The firm had revenue of $346.51 million during the quarter.

B. Riley Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date was Friday, March 8th. B. Riley Financial's dividend payout ratio is presently -71.68%.

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.