B. Riley Financial (NASDAQ:RILY) Stock Price Up 5.3%

B. Riley Financial, Inc. (NASDAQ:RILY)’s stock price rose 5.3% on Thursday . The stock traded as high as $31.79 and last traded at $31.34. Approximately 1,130,619 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 1,399,885 shares. The stock had previously closed at $29.75.

B. Riley Financial Trading Up 16.6 %

The firm has a market cap of $1.06 billion, a PE ratio of -12.43 and a beta of 1.56. The company’s fifty day moving average price is $20.19 and its two-hundred day moving average price is $23.81. The company has a quick ratio of 4.62, a current ratio of 4.95 and a debt-to-equity ratio of 13.51.

B. Riley Financial (NASDAQ:RILY) last released its quarterly earnings data on Thursday, February 29th. The asset manager reported ($1.86) EPS for the quarter. The company had revenue of $346.51 million for the quarter. B. Riley Financial had a negative return on equity of 8.29% and a negative net margin of 4.75%.

B. Riley Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date was Friday, March 8th. B. Riley Financial’s dividend payout ratio is currently -71.68%.

Institutional Trading of B. Riley Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of 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 valued at $48,865,000 after purchasing an additional 43,247 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in shares of B. Riley Financial by 15.5% in the third quarter. Punch & Associates Investment Management Inc. now owns 776,020 shares of the asset manager’s stock valued at $31,809,000 after purchasing an additional 104,344 shares in the last quarter. FMR LLC lifted its holdings in shares of B. Riley Financial by 51,501.0% in the third quarter. FMR LLC now owns 703,837 shares of the asset manager’s stock valued at $28,850,000 after purchasing an additional 702,473 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of B. Riley Financial by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 326,428 shares of the asset manager’s stock valued at $6,852,000 after purchasing an additional 49,973 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of B. Riley Financial by 6.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 290,894 shares of the asset manager’s stock valued at $6,106,000 after purchasing an additional 18,326 shares in the last quarter. Hedge funds and other institutional investors own 50.20% of the company’s stock.

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.