NWQ Investment Management Company LLC increased its position in B. Riley Financial Inc (NASDAQ:RILY) by 42.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,010,923 shares of the asset manager’s stock after buying an additional 301,059 shares during the period. NWQ Investment Management Company LLC owned 3.82% of B. Riley Financial worth $18,298,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of B. Riley Financial in the 3rd quarter valued at about $116,000. Cornerstone Capital Management Holdings LLC. grew its stake in shares of B. Riley Financial by 110.3% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 7,627 shares of the asset manager’s stock valued at $130,000 after buying an additional 4,000 shares during the period. Nationwide Fund Advisors grew its stake in shares of B. Riley Financial by 43.9% in the 2nd quarter. Nationwide Fund Advisors now owns 7,956 shares of the asset manager’s stock valued at $148,000 after buying an additional 2,428 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of B. Riley Financial by 592.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,397 shares of the asset manager’s stock valued at $211,000 after buying an additional 9,750 shares during the period. Finally, Brandywine Global Investment Management LLC acquired a new stake in shares of B. Riley Financial in the 4th quarter valued at about $221,000. Institutional investors own 47.28% of the company’s stock.
Separately, BidaskClub downgraded B. Riley Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Tuesday, March 20th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 19th. This represents a $0.32 dividend on an annualized basis and a yield of 1.71%. B. Riley Financial’s dividend payout ratio (DPR) is currently 50.00%.
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B. Riley Financial Company Profile
B. Riley Financial, Inc is an independent investment bank. The Company’s segments include capital markets, auction and liquidation, valuation and appraisal, and Principal Investments-United Online. The capital markets segment provides an array of investment banking, corporate finance, research, wealth management, sales and trading services to corporate, institutional and high net worth clients.
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