B. Riley Financial (NASDAQ:RILY) Trading 5.2% Higher

B. Riley Financial, Inc. (NASDAQ:RILY) traded up 5.2% during mid-day trading on Wednesday . The stock traded as high as $18.43 and last traded at $18.34. 100,080 shares changed hands during trading, a decline of 92% from the average session volume of 1,255,228 shares. The stock had previously closed at $17.43.

Wall Street Analysts Forecast Growth

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

B. Riley Financial Trading Up 7.6 %

The firm’s 50 day moving average price is $23.24 and its 200-day moving average price is $22.38. The stock has a market cap of $568.43 million, a P/E ratio of -3.75 and a beta of 1.32. The company has a debt-to-equity ratio of 13.99, a current ratio of 4.88 and a quick ratio of 4.88.

B. Riley Financial (NASDAQ:RILY) last issued 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 during the quarter. B. Riley Financial had a negative return on equity of 25.84% and a negative net margin of 9.28%.

B. Riley Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Monday, May 27th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.00 annualized dividend and a dividend yield of 10.66%. B. Riley Financial’s dividend payout ratio is presently -39.92%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. bought a new position in shares of B. Riley Financial in the fourth quarter worth approximately $29,000. Tower Research Capital LLC TRC lifted its position in B. Riley Financial by 150.8% during 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 B. Riley Financial during the fourth quarter valued at approximately $119,000. Everence Capital Management Inc. bought a new position in B. Riley Financial during the fourth quarter valued at approximately $208,000. Finally, Bayesian Capital Management LP bought a new position in B. Riley Financial during the first quarter valued at approximately $245,000. Institutional investors 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.