B. Riley Financial (NASDAQ:RILY) Trading Down 5.9%

B. Riley Financial, Inc. (NASDAQ:RILY) fell 5.9% during trading on Monday . The stock traded as low as $34.31 and last traded at $34.66. 217,665 shares were traded during trading, a decline of 85% from the average session volume of 1,449,785 shares. The stock had previously closed at $36.82.

B. Riley Financial Stock Performance

The company has a debt-to-equity ratio of 14.33, a quick ratio of 4.88 and a current ratio of 4.88. The firm’s 50 day simple moving average is $20.92 and its 200 day simple moving average is $23.58. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -14.23 and a beta of 1.56.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings data on Thursday, February 29th. The asset manager reported ($1.86) EPS for the quarter. B. Riley Financial had a negative net margin of 4.75% and a negative return on equity of 8.40%. The business had revenue of $346.51 million for the quarter.

B. Riley Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.50%. The ex-dividend date was Friday, March 8th. B. Riley Financial’s dividend payout ratio is currently -71.68%.

Hedge Funds Weigh In On B. Riley Financial

Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in B. Riley Financial by 11.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 276,455 shares of the asset manager’s stock worth $11,332,000 after acquiring an additional 27,584 shares during the period. Vanguard Group Inc. raised its position in B. Riley Financial by 3.8% during the third quarter. Vanguard Group Inc. now owns 1,192,119 shares of the asset manager’s stock worth $48,865,000 after acquiring an additional 43,247 shares during the period. Kennedy Capital Management LLC raised its position in B. Riley Financial by 152.5% during the third quarter. Kennedy Capital Management LLC now owns 119,632 shares of the asset manager’s stock worth $4,904,000 after acquiring an additional 72,247 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in B. Riley Financial by 4.1% during 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. Finally, Federated Hermes Inc. acquired a new position in B. Riley Financial during the third quarter worth $781,000. 50.20% of the stock is currently owned by institutional investors and hedge funds.

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