47,646 Shares in B. Riley Financial, Inc. (NASDAQ:RILY) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new position in shares of B. Riley Financial, Inc. (NASDAQ:RILY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 47,646 shares of the asset manager’s stock, valued at approximately $1,001,000. Quadrature Capital Ltd owned 0.16% of B. Riley Financial at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RILY. DiNuzzo Private Wealth Inc. bought a new stake in shares of B. Riley Financial in the 4th quarter worth about $29,000. Tower Research Capital LLC TRC boosted its holdings 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 buying an additional 3,160 shares during the period. SG Americas Securities LLC acquired a new position in shares of B. Riley Financial in the 4th quarter valued at about $119,000. Everence Capital Management Inc. acquired a new position in shares of B. Riley Financial in the 4th quarter valued at about $208,000. Finally, Ridgewood Investments LLC boosted its holdings in shares of 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 buying an additional 4,464 shares during the period. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Trading Up 7.6 %

NASDAQ RILY opened at $20.59 on Friday. The company has a debt-to-equity ratio of 13.99, a quick ratio of 4.88 and a current ratio of 4.88. The company has a 50-day simple moving average of $26.94 and a 200-day simple moving average of $22.90. The firm has a market capitalization of $623.88 million, a PE ratio of -4.11 and a beta of 1.34. B. Riley Financial, Inc. has a one year low of $14.46 and a one year high of $60.72.

B. Riley Financial (NASDAQ:RILY) last posted its earnings results on Wednesday, May 15th. The asset manager reported ($1.71) earnings per share (EPS) for the quarter. The firm had revenue of $343.03 million for 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Monday, May 27th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 9.71%. The ex-dividend date was Thursday, May 23rd. B. Riley Financial’s payout ratio is -39.92%.

Analyst Ratings Changes

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

B. Riley Financial Profile

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.