SG Americas Securities LLC Takes $119,000 Position in B. Riley Financial, Inc. (NASDAQ:RILY)

SG Americas Securities LLC acquired a new stake in shares of B. Riley Financial, Inc. (NASDAQ:RILY) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,665 shares of the asset manager’s stock, valued at approximately $119,000.

Other hedge funds have also made changes to their positions in the company. Ridgewood Investments LLC boosted its stake in B. Riley Financial by 43.9% during the 4th 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 during the period. Vanguard Group Inc. boosted its stake in B. Riley Financial by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,192,119 shares of the asset manager’s stock valued at $48,865,000 after purchasing an additional 43,247 shares during the period. American Century Companies Inc. bought a new stake in B. Riley Financial during the 3rd quarter valued at approximately $327,000. Deutsche Bank AG boosted its stake in B. Riley Financial by 12.8% during the 3rd quarter. Deutsche Bank AG now owns 10,311 shares of the asset manager’s stock valued at $423,000 after purchasing an additional 1,167 shares during the period. Finally, Comerica Bank bought a new stake in B. Riley Financial during the 3rd quarter valued at approximately $322,000. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Price Performance

Shares of NASDAQ:RILY opened at $19.75 on Friday. The business has a 50 day moving average price of $19.87 and a 200 day moving average price of $24.34. B. Riley Financial, Inc. has a twelve month low of $14.46 and a twelve month high of $60.72. The company has a market cap of $603.96 million, a price-to-earnings ratio of -7.08 and a beta of 1.56. The company has a quick ratio of 4.62, a current ratio of 4.95 and a debt-to-equity ratio of 13.51.

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

B. Riley Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.13%. B. Riley Financial’s dividend payout ratio is currently -71.68%.

About B. Riley Financial

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.