B. Riley Financial (NASDAQ:RILY) Stock Price Down 5.9%

B. Riley Financial, Inc. (NASDAQ:RILY)’s share price fell 5.9% on Monday . The company traded as low as $34.31 and last traded at $34.66. 217,665 shares changed hands during trading, a decline of 85% from the average session volume of 1,449,785 shares. The stock had previously closed at $36.82.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded B. Riley Financial to a “sell” rating in a research report on Tuesday.

B. Riley Financial Trading Down 10.8 %

The stock has a market cap of $1.04 billion, a PE ratio of -12.33 and a beta of 1.56. The stock has a 50-day moving average price of $21.71 and a two-hundred day moving average price of $23.53. The company has a debt-to-equity ratio of 14.33, a current ratio of 4.88 and a quick ratio of 4.88.

B. Riley Financial (NASDAQ:RILY) last released its quarterly earnings results on Thursday, February 29th. The asset manager reported ($1.86) EPS for the quarter. The company had revenue of $346.51 million during the quarter. B. Riley Financial had a negative return on equity of 8.40% and a negative net margin of 4.75%.

B. Riley Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.00 annualized dividend and a yield of 5.81%. B. Riley Financial’s dividend payout ratio is currently -71.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RILY. DiNuzzo Private Wealth Inc. bought a new stake in B. Riley Financial in the fourth quarter worth about $29,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in B. Riley Financial by 65.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,279 shares of the asset manager’s stock worth $134,000 after purchasing an additional 1,295 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in B. Riley Financial by 275.4% in the third quarter. Nisa Investment Advisors LLC now owns 3,953 shares of the asset manager’s stock worth $162,000 after purchasing an additional 2,900 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in 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 worth $110,000 after purchasing an additional 3,160 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in B. Riley Financial in the fourth quarter worth about $119,000. Hedge funds and other 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, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.