B. Riley Financial Inc (NASDAQ:RILY) announced a quarterly dividend on Monday, November 5th, NASDAQ reports. Stockholders of record on Friday, November 16th will be paid a dividend of 0.08 per share by the asset manager on Friday, November 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, November 15th.
Shares of B. Riley Financial stock opened at $18.30 on Friday. B. Riley Financial has a 1-year low of $16.05 and a 1-year high of $23.70. The company has a quick ratio of 2.62, a current ratio of 4.34 and a debt-to-equity ratio of 5.54. The company has a market cap of $508.51 million, a PE ratio of 12.28 and a beta of 1.07.
Separately, BidaskClub downgraded shares of B. Riley Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 30th.
In other news, major shareholder B. Riley Financial, Inc. purchased 14,503 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was bought at an average price of $10.55 per share, with a total value of $153,006.65. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have bought 71,301 shares of company stock valued at $721,771. 24.20% of the stock is currently owned by insiders.
An institutional investor recently raised its position in B. Riley Financial stock. Bank of New York Mellon Corp lifted its position in shares of B. Riley Financial Inc (NASDAQ:RILY) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,927 shares of the asset manager’s stock after acquiring an additional 5,193 shares during the period. Bank of New York Mellon Corp owned approximately 0.54% of B. Riley Financial worth $3,179,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 46.63% of the company’s stock.
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B. Riley Financial Company Profile
B. Riley Financial, Inc provides financial services and solutions in North America, Australia, and Europe. The company operates in four segments: Capital Markets, Auction and Liquidation, Valuation and Appraisal, and Principal Investments – United Online. It offers investment banking services, including merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements; and corporate finance, research, securities lending, wealth management, and sales and trading services to corporate, institutional, and high net worth clients.
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