B. Riley Financial (NASDAQ:RILY) Shares Up 5.4%

B. Riley Financial, Inc. (NASDAQ:RILY) shot up 5.4% during mid-day trading on Friday . The company traded as high as $18.48 and last traded at $18.22. 207,123 shares traded hands during trading, a decline of 84% from the average session volume of 1,261,713 shares. The stock had previously closed at $17.29.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of B. Riley Financial to a “sell” rating in a research report on Tuesday, April 30th.

B. Riley Financial Stock Performance

The company has a market capitalization of $534.49 million, a PE ratio of -3.64 and a beta of 1.34. The business’s 50-day moving average is $26.80 and its 200-day moving average is $22.75. The company has a debt-to-equity ratio of 13.99, a quick ratio of 4.88 and a current ratio of 4.88.

B. Riley Financial (NASDAQ:RILY) last released its quarterly earnings data on Wednesday, May 15th. The asset manager reported ($1.71) earnings per share for the quarter. The firm had revenue of $343.03 million for the quarter. B. Riley Financial had a negative net margin of 9.28% and a negative return on equity of 25.84%.

B. Riley Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Monday, May 27th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 11.34%. B. Riley Financial’s dividend payout ratio is currently -39.92%.

Institutional Trading of B. Riley Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in B. Riley Financial by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,253,591 shares of the asset manager’s stock valued at $26,539,000 after purchasing an additional 6,622 shares in the last quarter. FMR LLC grew its stake in shares of B. Riley Financial by 51,501.0% in the third quarter. FMR LLC now owns 703,837 shares of the asset manager’s stock worth $28,850,000 after acquiring an additional 702,473 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of B. Riley Financial by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 326,428 shares of the asset manager’s stock worth $6,852,000 after acquiring an additional 49,973 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of B. Riley Financial by 6.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 290,894 shares of the asset manager’s stock worth $6,106,000 after acquiring an additional 18,326 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of B. Riley Financial by 4.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 225,392 shares of the asset manager’s stock worth $4,731,000 after acquiring an additional 8,813 shares during the period. 50.20% of the stock is currently owned by institutional investors.

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