B. Riley Financial (NASDAQ:RILY) Stock Price Down 3.6%

B. Riley Financial, Inc. (NASDAQ:RILY) fell 3.6% on Monday . The company traded as low as $29.88 and last traded at $29.97. 385,430 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 1,440,614 shares. The stock had previously closed at $31.10.

Analyst Upgrades and Downgrades

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

B. Riley Financial Price Performance

The stock has a market capitalization of $949.11 million, a P/E ratio of -11.29 and a beta of 1.34. The stock’s fifty day moving average is $23.53 and its 200-day moving average is $23.30. The company has a debt-to-equity ratio of 14.33, a current ratio of 4.88 and a quick ratio of 4.88.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings data on Thursday, February 29th. The asset manager reported ($1.86) earnings per share (EPS) for the quarter. The business had revenue of $346.51 million during the quarter. B. Riley Financial had a negative return on equity of 8.40% and a negative net margin of 4.75%.

B. Riley Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date was Friday, March 8th. B. Riley Financial’s dividend payout ratio is presently -71.68%.

Institutional Investors Weigh In On B. Riley Financial

Large investors have recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. bought a new stake in B. Riley Financial during the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC boosted its holdings in B. Riley Financial by 150.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,255 shares of the asset manager’s stock valued at $110,000 after acquiring an additional 3,160 shares during the period. SG Americas Securities LLC bought a new stake in shares of B. Riley Financial in the fourth quarter valued at about $119,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of B. Riley Financial by 65.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,279 shares of the asset manager’s stock valued at $134,000 after buying an additional 1,295 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of B. Riley Financial by 275.4% in the third quarter. Nisa Investment Advisors LLC now owns 3,953 shares of the asset manager’s stock valued at $162,000 after buying an additional 2,900 shares during the period. 50.20% of the stock is currently owned by institutional investors.

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.