B. Riley Financial (NASDAQ:RILY) Shares Gap Down to $17.45

Shares of B. Riley Financial, Inc. (NASDAQ:RILY) gapped down before the market opened on Tuesday . The stock had previously closed at $17.45, but opened at $16.72. B. Riley Financial shares last traded at $16.92, with a volume of 39,369 shares.

Wall Street Analyst Weigh In

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 company’s 50-day moving average price is $26.31 and its 200-day moving average price is $22.61. The company has a debt-to-equity ratio of 13.99, a current ratio of 4.88 and a quick ratio of 4.88. The company has a market cap of $514.19 million, a P/E ratio of -3.39 and a beta of 1.32.

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

B. Riley Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Monday, May 27th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 11.79%. The ex-dividend date was Thursday, May 23rd. B. Riley Financial’s dividend payout ratio is currently -39.92%.

Institutional Trading of B. Riley Financial

Large investors have recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. acquired a new stake in B. Riley Financial in the fourth quarter valued at $29,000. Tower Research Capital LLC TRC raised its position in shares of B. Riley Financial by 150.8% in the fourth 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 period. SG Americas Securities LLC bought a new position in shares of B. Riley Financial in the fourth quarter valued at about $119,000. Everence Capital Management Inc. bought a new position in shares of B. Riley Financial in the fourth quarter valued at about $208,000. Finally, Bayesian Capital Management LP bought a new position in shares of B. Riley Financial in the first quarter valued at about $245,000. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Company 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.