B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) Short Interest Down 20.0% in March

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 5,869 shares, a decrease of 20.0% from the February 26th total of 7,332 shares. Based on an average daily trading volume, of 40,542 shares, the short-interest ratio is currently 0.1 days.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Stock Performance

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock opened at $17.71 on Monday. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 1-year low of $5.05 and a 1-year high of $19.69. The stock’s 50 day moving average price is $17.48 and its 200 day moving average price is $15.05.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.50 dividend on an annualized basis and a yield of 8.5%.

Hedge Funds Weigh In On B. Riley Financial, Inc. 6.00% Senior Notes Due 2028

A hedge fund recently bought a new stake in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock. NBC Securities Inc. purchased a new stake in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,000 shares of the company’s stock, valued at approximately $28,000.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Company Profile

B. Riley Financial, Inc 6.00% Senior Notes Due 2028 (NASDAQ: RILYT) are unsecured, senior obligations of B. Riley Financial, Inc, a diversified financial services holding company. The notes bear interest at an annual rate of 6.00%, payable semi-annually, and mature in August 2028. As senior unsecured debt, these notes rank equally with other unsecured obligations of the company and are structurally subordinated to any secured debt.

B. Riley Financial, Inc provides a broad suite of services including investment banking, financial advisory, wealth management, merchant banking, and asset management.