B. Riley Financial (NASDAQ:RILY) Sees Strong Trading Volume

B. Riley Financial, Inc. (NASDAQ:RILY) shares saw unusually-high trading volume on Friday . Approximately 2,064,779 shares changed hands during mid-day trading, an increase of 45% from the previous session’s volume of 1,424,993 shares.The stock last traded at $36.86 and had previously closed at $34.69.

B. Riley Financial Stock Performance

The stock’s 50-day moving average is $20.53 and its 200 day moving average is $23.88. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -13.39 and a beta of 1.56. The company has a debt-to-equity ratio of 13.51, a current ratio of 4.95 and a quick ratio of 4.62.

B. Riley Financial (NASDAQ:RILY) last issued its earnings results 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 8.29% and a negative net margin of 4.75%. The business had revenue of $346.51 million for the quarter.

B. Riley Financial Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.00 annualized dividend and a dividend yield of 5.43%. B. Riley Financial’s payout ratio is currently -71.68%.

Hedge Funds Weigh In On B. Riley Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. DiNuzzo Private Wealth Inc. purchased a new stake in B. Riley Financial during the fourth quarter worth about $29,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of 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 acquiring an additional 1,295 shares during the period. Nisa Investment Advisors LLC boosted its stake 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 worth $162,000 after acquiring an additional 2,900 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in 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 valued at $110,000 after purchasing an additional 3,160 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in B. Riley Financial during the fourth quarter worth $119,000. 50.20% of the stock is owned by institutional investors and hedge funds.

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.