B. Riley Financial (NASDAQ:RILY) Shares Up 6.5%

B. Riley Financial, Inc. (NASDAQ:RILY) shot up 6.5% on Wednesday . The stock traded as high as $17.85 and last traded at $17.15. 490,348 shares were traded during mid-day trading, a decline of 61% from the average session volume of 1,271,532 shares. The stock had previously closed at $16.11.

Analyst Upgrades and Downgrades

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

B. Riley Financial Price Performance

The company has a fifty day moving average price of $24.06 and a two-hundred day moving average price of $22.42. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings data on Wednesday, May 15th. The asset manager reported ($1.71) earnings per share for the quarter. The company had revenue of $343.03 million during the quarter. B. Riley Financial had a negative net margin of 9.28% and a negative return on equity of 25.84%.

B. Riley Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Monday, May 27th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 11.09%. The ex-dividend date was Thursday, May 23rd. B. Riley Financial’s payout ratio is -39.92%.

Institutional Investors Weigh In On B. Riley Financial

Several hedge funds have recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. acquired a new stake in B. Riley Financial in the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC lifted 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 during the last quarter. Ridgewood Investments LLC lifted its stake in B. Riley Financial by 43.9% in the 4th quarter. Ridgewood Investments LLC now owns 14,623 shares of the asset manager’s stock valued at $307,000 after purchasing an additional 4,464 shares during the last quarter. SG Americas Securities LLC acquired a new stake in B. Riley Financial in the 4th quarter valued at about $119,000. Finally, Vanguard Group Inc. lifted its stake in B. Riley Financial by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,253,591 shares of the asset manager’s stock valued at $26,539,000 after purchasing an additional 6,622 shares during the last quarter. 50.20% of the stock is currently 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, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.