B. Riley Financial (NASDAQ:RILY) Shares Down 4.9%

B. Riley Financial, Inc. (NASDAQ:RILYGet Free Report)’s share price traded down 4.9% during mid-day trading on Tuesday . The company traded as low as $19.18 and last traded at $19.38. 226,313 shares were traded during mid-day trading, a decline of 82% from the average session volume of 1,264,990 shares. The stock had previously closed at $20.37.

Analysts Set New Price Targets

Separately, StockNews.com upgraded B. Riley Financial to a “sell” rating in a research report on Tuesday, April 30th.

Get Our Latest Research Report on B. Riley Financial

B. Riley Financial Trading Down 3.8 %

The company has a debt-to-equity ratio of 13.99, a current ratio of 4.88 and a quick ratio of 4.88. The stock has a 50-day simple moving average of $26.92 and a 200-day simple moving average of $22.86.

B. Riley Financial (NASDAQ:RILYGet Free Report) last announced its earnings results on Wednesday, May 15th. The asset manager reported ($1.71) EPS for the quarter. B. Riley Financial had a negative net margin of 9.28% and a negative return on equity of 25.84%. The company had revenue of $343.03 million during the quarter.

B. Riley Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Monday, May 27th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 10.20%. The ex-dividend date of this dividend was Thursday, May 23rd. B. Riley Financial’s dividend payout ratio (DPR) is presently -39.92%.

Hedge Funds Weigh In On B. Riley Financial

Several institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its position in shares of B. Riley Financial by 1.8% during the third quarter. Rhumbline Advisers now owns 51,038 shares of the asset manager’s stock worth $2,092,000 after purchasing an additional 899 shares during the period. DiNuzzo Private Wealth Inc. acquired a new position in shares of B. Riley Financial during the fourth quarter worth approximately $29,000. Tower Research Capital LLC TRC raised its position in shares of 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. Ridgewood Investments LLC raised its position in shares of B. Riley Financial by 43.9% during the fourth quarter. Ridgewood Investments LLC now owns 14,623 shares of the asset manager’s stock worth $307,000 after purchasing an additional 4,464 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of B. Riley Financial during the fourth quarter worth approximately $119,000. 50.20% of the stock is owned by institutional investors and hedge funds.

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, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.

Read More

Receive News & Ratings for B. Riley Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B. Riley Financial and related companies with MarketBeat.com's FREE daily email newsletter.