B. Riley Financial, Inc. 5.25% Senior Notes due 2028 (NASDAQ:RILYZ) Shares Up 3.6% – Here’s Why

B. Riley Financial, Inc. 5.25% Senior Notes due 2028 (NASDAQ:RILYZ)’s stock price shot up 3.6% on Tuesday . The stock traded as high as $16.59 and last traded at $16.52. 48,864 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 69,071 shares. The stock had previously closed at $15.94.

B. Riley Financial, Inc. 5.25% Senior Notes due 2028 Stock Up 3.6%

The firm’s 50 day simple moving average is $12.74 and its 200 day simple moving average is $11.99.

B. Riley Financial, Inc. 5.25% Senior Notes due 2028 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Thursday, January 15th were paid a dividend of $0.3281 per share. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $1.31 annualized dividend and a yield of 7.9%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in B. Riley Financial, Inc. 5.25% Senior Notes due 2028 stock. NBC Securities Inc. grew its holdings in shares of B. Riley Financial, Inc. 5.25% Senior Notes due 2028 (NASDAQ:RILYZ) by 153.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,300 shares of the company’s stock after purchasing an additional 2,000 shares during the period. NBC Securities Inc.’s holdings in B. Riley Financial, Inc. 5.25% Senior Notes due 2028 were worth $41,000 at the end of the most recent reporting period.

About B. Riley Financial, Inc. 5.25% Senior Notes due 2028

B. Riley Financial, Inc is a diversified financial services firm headquartered in Los Angeles, California. Since its founding in 1997, the company has expanded to offer a broad suite of advisory, financing and investment solutions across several industry verticals. Its principal business activities include investment banking, corporate finance, financial consulting, valuation and advisory services, restructuring and reorganization, merchant banking, asset management and brokerage services. B. Riley serves a wide range of clients, including middle-market and large-cap companies, as well as institutional investors, private equity sponsors and other financial institutions.

In May 2023, B.