Allspring Global Investments Holdings LLC Has $6.11 Million Position in B. Riley Financial, Inc. (NASDAQ:RILY)

Allspring Global Investments Holdings LLC grew its stake in B. Riley Financial, Inc. (NASDAQ:RILY) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 290,894 shares of the asset manager’s stock after buying an additional 18,326 shares during the period. Allspring Global Investments Holdings LLC owned 0.95% of B. Riley Financial worth $6,106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC boosted its holdings in B. Riley Financial by 51,501.0% in the third quarter. FMR LLC now owns 703,837 shares of the asset manager’s stock valued at $28,850,000 after acquiring an additional 702,473 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of B. Riley Financial by 455.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 584,363 shares of the asset manager’s stock valued at $23,953,000 after purchasing an additional 479,077 shares during the last quarter. Marshall Wace LLP increased its position in shares of B. Riley Financial by 8,278.8% during the fourth quarter. Marshall Wace LLP now owns 460,835 shares of the asset manager’s stock worth $15,761,000 after buying an additional 455,335 shares during the period. B. Riley Asset Management LLC bought a new position in B. Riley Financial during the fourth quarter worth $5,568,000. Finally, Punch & Associates Investment Management Inc. lifted its holdings in B. Riley Financial by 15.5% in the third quarter. Punch & Associates Investment Management Inc. now owns 776,020 shares of the asset manager’s stock valued at $31,809,000 after buying an additional 104,344 shares during the period. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Stock Performance

Shares of RILY opened at $19.75 on Friday. The company has a current ratio of 4.95, a quick ratio of 4.62 and a debt-to-equity ratio of 13.51. The firm’s fifty day simple moving average is $19.87 and its two-hundred day simple moving average is $24.34. B. Riley Financial, Inc. has a 12 month low of $14.46 and a 12 month high of $60.72. The stock has a market capitalization of $603.96 million, a P/E ratio of -7.08 and a beta of 1.56.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings results on Thursday, February 29th. The asset manager reported ($1.86) earnings per share for the quarter. B. Riley Financial had a negative return on equity of 8.29% and a negative net margin of 4.75%. The business had revenue of $346.51 million for the quarter.

B. Riley Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.00 dividend on an annualized basis and a yield of 10.13%. B. Riley Financial’s payout ratio is currently -71.68%.

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, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.