B. Riley Financial (NASDAQ:RILY) Sees Large Volume Increase

B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) saw strong trading volume on Friday . 2,064,779 shares changed hands during mid-day trading, an increase of 45% from the previous session's volume of 1,424,993 shares.The stock last traded at $36.86 and had previously closed at $34.69.

B. Riley Financial Stock Performance

The company's fifty day moving average price is $20.53 and its 200 day moving average price is $23.88. The company has a market cap of $1.13 billion, a PE ratio of -13.20 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.

B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The asset manager reported ($1.86) earnings per share for the quarter. The company 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 business also recently declared 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 of this dividend was Friday, March 8th. This represents a $2.00 annualized dividend and a yield of 5.43%. B. Riley Financial's payout ratio is currently -71.68%.

Hedge Funds Weigh In On B. Riley Financial

Several institutional investors have recently added to or reduced their stakes in RILY. DiNuzzo Private Wealth Inc. bought a new position in B. Riley Financial during the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC boosted its position in B. Riley Financial by 150.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,255 shares of the asset manager's stock worth $110,000 after purchasing an additional 3,160 shares during the period. SG Americas Securities LLC bought a new position in B. Riley Financial during the fourth quarter worth about $119,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in B. Riley Financial by 65.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,279 shares of the asset manager's stock worth $134,000 after purchasing an additional 1,295 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in B. Riley Financial by 275.4% during the third quarter. Nisa Investment Advisors LLC now owns 3,953 shares of the asset manager's stock worth $162,000 after purchasing an additional 2,900 shares during the period. Institutional investors 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.