B. Riley Financial (NASDAQ:RILY) Stock Price Up 5.4%

B. Riley Financial, Inc. (NASDAQ:RILY) shares shot up 5.4% during trading on Friday . The stock traded as high as $18.48 and last traded at $18.22. 207,123 shares changed hands during trading, a decline of 84% from the average session volume of 1,261,713 shares. The stock had previously closed at $17.29.

Analyst Upgrades and Downgrades

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

B. Riley Financial Price Performance

The company’s fifty day moving average price is $26.80 and its 200 day moving average price is $22.75. The company has a market capitalization of $534.49 million, a P/E ratio of -3.64 and a beta of 1.34. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99.

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

B. Riley Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Monday, May 27th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.34%. B. Riley Financial’s dividend payout ratio (DPR) is presently -39.92%.

Hedge Funds Weigh In On B. Riley Financial

Hedge funds have recently modified their holdings of the business. Rhumbline Advisers lifted its holdings in B. Riley Financial by 1.8% in the third quarter. Rhumbline Advisers now owns 51,038 shares of the asset manager’s stock valued at $2,092,000 after buying an additional 899 shares during the period. DiNuzzo Private Wealth Inc. acquired a new position in B. Riley Financial in the fourth quarter valued at $29,000. Tower Research Capital LLC TRC lifted its holdings in B. Riley Financial by 150.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,255 shares of the asset manager’s stock valued at $110,000 after buying an additional 3,160 shares during the period. Ridgewood Investments LLC increased its stake in B. Riley Financial by 43.9% in the fourth quarter. Ridgewood Investments LLC now owns 14,623 shares of the asset manager’s stock valued at $307,000 after purchasing an additional 4,464 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in B. Riley Financial in the fourth quarter valued at $119,000. Institutional investors and hedge funds 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, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.