B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) Sees Significant Decline in Short Interest

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,675 shares, a decline of 39.1% from the April 30th total of 9,314 shares. Based on an average trading volume of 36,912 shares, the short-interest ratio is presently 0.2 days.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Price Performance

Shares of NASDAQ RILYT traded up $0.12 during trading on Thursday, hitting $21.37. 4,257 shares of the company traded hands, compared to its average volume of 33,497. The business’s fifty day moving average is $19.46 and its 200 day moving average is $16.94. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a fifty-two week low of $6.07 and a fifty-two week high of $21.83.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.375 per share. The ex-dividend date is Wednesday, July 15th. This represents a $1.50 annualized dividend and a dividend yield of 7.0%.

Hedge Funds Weigh In On B. Riley Financial, Inc. 6.00% Senior Notes Due 2028

An institutional investor recently bought a new position in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock. NBC Securities Inc. purchased a new stake in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,000 shares of the company’s stock, valued at approximately $28,000.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Company Profile

B. Riley Financial, Inc 6.00% Senior Notes Due 2028 (NASDAQ: RILYT) are unsecured, senior obligations of B. Riley Financial, Inc, a diversified financial services holding company. The notes bear interest at an annual rate of 6.00%, payable semi-annually, and mature in August 2028. As senior unsecured debt, these notes rank equally with other unsecured obligations of the company and are structurally subordinated to any secured debt.

B. Riley Financial, Inc provides a broad suite of services including investment banking, financial advisory, wealth management, merchant banking, and asset management.