Citigroup Inc. Lowers Stock Holdings in B. Riley Financial, Inc. (NASDAQ:RILY)

Citigroup Inc. decreased its position in shares of B. Riley Financial, Inc. (NASDAQ:RILYFree Report) by 49.4% during the third quarter, HoldingsChannel reports. The firm owned 6,158 shares of the asset manager’s stock after selling 6,015 shares during the period. Citigroup Inc.’s holdings in B. Riley Financial were worth $252,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position in 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 valued at $31,000 after purchasing an additional 234 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of B. Riley Financial by 5.2% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 5,661 shares of the asset manager’s stock worth $260,000 after buying an additional 278 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of B. Riley Financial by 0.5% in the first quarter. Neuberger Berman Group LLC now owns 59,231 shares of the asset manager’s stock worth $4,144,000 after buying an additional 289 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in shares of B. Riley Financial by 0.4% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 94,475 shares of the asset manager’s stock worth $6,609,000 after buying an additional 420 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in shares of B. Riley Financial by 2.9% in the third quarter. Thrivent Financial for Lutherans now owns 16,377 shares of the asset manager’s stock worth $729,000 after buying an additional 463 shares during the period. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Stock Up 6.9 %

RILY opened at $18.97 on Thursday. The company has a market cap of $580.10 million, a P/E ratio of -6.80 and a beta of 1.54. The business’s 50-day moving average price is $19.41 and its 200-day moving average price is $26.59. The company has a current ratio of 4.95, a quick ratio of 4.62 and a debt-to-equity ratio of 13.51. B. Riley Financial, Inc. has a 12 month low of $14.46 and a 12 month high of $60.72.

B. Riley Financial (NASDAQ:RILYGet Free Report) 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 during 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. Stockholders of record on Monday, March 11th were issued a $0.50 dividend. The ex-dividend date was Friday, March 8th. This represents a $2.00 annualized dividend and a dividend yield of 10.54%. B. Riley Financial’s dividend payout ratio is currently -71.68%.

About B. Riley Financial

(Free Report)

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.

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Institutional Ownership by Quarter for B. Riley Financial (NASDAQ:RILY)

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