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

B. Riley Financial, Inc. (NASDAQ:RILY) saw unusually-strong trading volume on Friday . Approximately 2,064,779 shares changed hands during 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 Price Performance

The firm has a 50-day simple moving average of $20.53 and a 200-day simple moving average of $23.88. The firm has a market cap of $1.13 billion, a P/E ratio of -13.39 and a beta of 1.56. The company has a current ratio of 4.95, a quick ratio of 4.62 and a debt-to-equity ratio of 13.51.

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

B. Riley Financial Cuts Dividend

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

Hedge Funds Weigh In On B. Riley Financial

Several hedge funds have recently modified their holdings of RILY. DiNuzzo Private Wealth Inc. purchased a new stake in shares of B. Riley Financial during the fourth quarter valued at $29,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 worth $134,000 after purchasing an additional 1,295 shares during the period. Nisa Investment Advisors LLC increased its holdings in 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 in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of 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 purchased a new stake in shares of B. Riley Financial in the fourth quarter valued at approximately $119,000. 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.