B. Riley Financial (NASDAQ:RILY) Shares Gap Up to $18.97

B. Riley Financial, Inc. (NASDAQ:RILY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $18.97, but opened at $20.27. B. Riley Financial shares last traded at $20.65, with a volume of 403,081 shares.

B. Riley Financial Trading Up 7.9 %

The company has a market cap of $625.97 million, a price-to-earnings ratio of -7.47 and a beta of 1.54. The company has a debt-to-equity ratio of 13.51, a current ratio of 4.95 and a quick ratio of 4.62. The business has a 50 day simple moving average of $19.41 and a 200 day simple moving average of $26.59.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings data on Thursday, February 29th. The asset manager reported ($1.86) earnings per share for the quarter. B. Riley Financial had a negative return on equity of 8.29% and a negative net margin of 4.75%. The firm had revenue of $346.51 million for the quarter.

B. Riley Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, March 8th. This represents a $2.00 dividend on an annualized basis and a yield of 9.77%. B. Riley Financial’s dividend payout ratio (DPR) is presently -71.68%.

Institutional Investors Weigh In On B. Riley Financial

Several hedge funds have recently modified their holdings of RILY. DiNuzzo Private Wealth Inc. bought a new position in shares of B. Riley Financial in the 4th quarter worth about $29,000. Public Employees Retirement System of Ohio boosted its stake in B. Riley Financial by 51.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 686 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 234 shares during the last quarter. FMR LLC boosted its stake in B. Riley Financial by 137.8% during the 2nd quarter. FMR LLC now owns 861 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 499 shares during the last quarter. US Bancorp DE boosted its stake in shares of B. Riley Financial by 289.8% in the 1st quarter. US Bancorp DE now owns 686 shares of the asset manager’s stock worth $48,000 after buying an additional 510 shares during the last quarter. Finally, Worth Asset Management LLC purchased a new position in shares of B. Riley Financial in the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 50.20% of the company’s stock.

About B. Riley Financial

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.