B. Riley Financial (NASDAQ:RILY) Shares Gap Up to $18.97

B. Riley Financial, Inc. (NASDAQ:RILYGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $18.97, but opened at $20.27. B. Riley Financial shares last traded at $20.65, with a volume of 403,081 shares changing hands.

B. Riley Financial Stock Performance

The firm has a market capitalization of $647.38 million, a PE ratio of -7.59 and a beta of 1.54. The company has a debt-to-equity ratio of 13.51, a current ratio of 4.95 and a quick ratio of 4.62. The stock has a 50-day moving average price of $19.42 and a 200-day moving average price of $26.37.

B. Riley Financial (NASDAQ:RILYGet Free Report) last announced its earnings results on Thursday, February 29th. The asset manager reported ($1.86) earnings per share (EPS) for the quarter. B. Riley Financial had a negative return on equity of 8.29% and a negative net margin of 4.75%. The business had revenue of $346.51 million for the quarter.

B. Riley Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.45%. The ex-dividend date was Friday, March 8th. B. Riley Financial’s payout ratio is -71.68%.

Institutional Trading of B. Riley Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its holdings in B. Riley Financial by 51.8% in the third quarter. Public Employees Retirement System of Ohio now owns 686 shares of the asset manager’s stock valued at $31,000 after buying an additional 234 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in 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 valued at $260,000 after buying an additional 278 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in 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 valued at $4,144,000 after buying an additional 289 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in 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 valued at $6,609,000 after buying an additional 420 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in 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 valued at $729,000 after buying an additional 463 shares during the last quarter. 50.20% of the stock is owned by institutional investors.

B. Riley Financial Company Profile

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

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