Archer Investment Corp Acquires Shares of 4,000 B. Riley Financial, Inc. – 6.50 (NASDAQ:RILYN)

Posted by Scott Moore on Apr 18th, 2024

Archer Investment Corp acquired a new stake in B. Riley Financial, Inc. – 6.50 (NASDAQ:RILYN – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $69,000.

B. Riley Financial, Inc. – 6.50 Stock Performance

Shares of B. Riley Financial, Inc. – 6.50 stock opened at $18.61 on Thursday. The firm’s 50-day simple moving average is $17.32 and its 200-day simple moving average is $18.28. B. Riley Financial, Inc. – 6.50 has a 1 year low of $13.69 and a 1 year high of $22.79.

B. Riley Financial, Inc. – 6.50 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.4063 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 8.73%.

About B. Riley Financial, Inc. – 6.50

(Free Report)

b. riley financial, inc. is a publicly traded, diversified financial services company which takes a collaborative approach to the capital raising and financial advisory needs of public and private companies and high net worth individuals. the company operates through several wholly-owned subsidiaries, including b.