B. Riley Financial (NASDAQ:RILY) Shares Gap Up After Dividend Announcement

B. Riley Financial, Inc. (NASDAQ:RILYGet Free Report) shares gapped up before the market opened on Thursday following a dividend announcement from the company. The stock had previously closed at $32.16, but opened at $33.53. B. Riley Financial shares last traded at $31.70, with a volume of 595,820 shares.

The newly announced dividend which will be paid on Tuesday, June 11th. Investors of record on Monday, May 27th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 7.04%. B. Riley Financial’s payout ratio is currently -39.92%.

Analyst Ratings Changes

Separately, StockNews.com upgraded B. Riley Financial to a “sell” rating in a research note on Tuesday, April 30th.

Get Our Latest Research Report on B. Riley Financial

B. Riley Financial Price Performance

The company has a debt-to-equity ratio of 13.99, a quick ratio of 4.88 and a current ratio of 4.88. The stock has a market capitalization of $860.82 million, a price-to-earnings ratio of -5.67 and a beta of 1.34. The business’s 50 day simple moving average is $25.06 and its 200-day simple moving average is $23.16.

B. Riley Financial (NASDAQ:RILYGet Free Report) last issued its quarterly earnings data on Thursday, February 29th. The asset manager reported ($1.86) earnings per share (EPS) for the quarter. B. Riley Financial had a negative return on equity of 25.84% and a negative net margin of 9.28%. The business had revenue of $346.51 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Rhumbline Advisers raised its position in shares of B. Riley Financial by 1.8% during the 3rd quarter. Rhumbline Advisers now owns 51,038 shares of the asset manager’s stock worth $2,092,000 after buying an additional 899 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in B. Riley Financial by 65.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,279 shares of the asset manager’s stock valued at $134,000 after purchasing an additional 1,295 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new position in B. Riley Financial during the 4th quarter valued at $29,000. Nisa Investment Advisors LLC increased its position in shares of B. Riley Financial by 275.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,953 shares of the asset manager’s stock valued at $162,000 after purchasing an additional 2,900 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of B. Riley Financial by 150.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,255 shares of the asset manager’s stock worth $110,000 after buying an additional 3,160 shares in the last quarter. 50.20% of the stock is owned by institutional investors and hedge funds.

About B. Riley Financial

(Get Free Report)

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.

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