Mirae Asset Global Investments Co. Ltd. Grows Holdings in B. Riley Financial, Inc. (NASDAQ:RILY)

Mirae Asset Global Investments Co. Ltd. grew its stake in B. Riley Financial, Inc. (NASDAQ:RILY) by 4.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 225,392 shares of the asset manager’s stock after buying an additional 8,813 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in B. Riley Financial were worth $4,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in B. Riley Financial by 51.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 686 shares of the asset manager’s stock worth $31,000 after buying an additional 234 shares in the last quarter. US Bancorp DE lifted its holdings in shares of B. Riley Financial by 289.8% in the 1st quarter. US Bancorp DE now owns 686 shares of the asset manager’s stock worth $48,000 after acquiring an additional 510 shares during the last quarter. FMR LLC lifted its holdings in shares of B. Riley Financial by 137.8% in the 2nd quarter. FMR LLC now owns 861 shares of the asset manager’s stock worth $36,000 after acquiring an additional 499 shares during the last quarter. Worth Asset Management LLC bought a new stake in shares of B. Riley Financial in the 1st quarter worth approximately $58,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of B. Riley Financial in the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Trading Down 4.5 %

Shares of RILY opened at $20.32 on Tuesday. The firm has a market cap of $621.39 million, a price-to-earnings ratio of -7.28 and a beta of 1.56. The company has a debt-to-equity ratio of 13.51, a quick ratio of 4.62 and a current ratio of 4.95. B. Riley Financial, Inc. has a fifty-two week low of $14.46 and a fifty-two week high of $60.72. The firm has a 50 day moving average price of $19.76 and a 200-day moving average price of $24.54.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings data on Thursday, February 29th. The asset manager reported ($1.86) earnings per share for the quarter. The business 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 company also recently declared 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. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.00 dividend on an annualized basis and a yield of 9.84%. B. Riley Financial’s dividend payout ratio is currently -71.68%.

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.