LSV Asset Management Decreases Position in B. Riley Financial, Inc. (NASDAQ:RILY)

LSV Asset Management reduced its stake in B. Riley Financial, Inc. (NASDAQ:RILY) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 259,776 shares of the asset manager’s stock after selling 14,900 shares during the period. LSV Asset Management’s holdings in B. Riley Financial were worth $5,453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of B. Riley Financial by 11.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 276,455 shares of the asset manager’s stock valued at $11,332,000 after buying an additional 27,584 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of B. Riley Financial by 3.8% during the third quarter. Vanguard Group Inc. now owns 1,192,119 shares of the asset manager’s stock worth $48,865,000 after purchasing an additional 43,247 shares during the last quarter. Kennedy Capital Management LLC increased its position in shares of B. Riley Financial by 152.5% during the third quarter. Kennedy Capital Management LLC now owns 119,632 shares of the asset manager’s stock worth $4,904,000 after purchasing an additional 72,247 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of B. Riley Financial by 4.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 225,392 shares of the asset manager’s stock valued at $4,731,000 after purchasing an additional 8,813 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in shares of B. Riley Financial in the 3rd quarter valued at about $781,000. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Stock Down 1.0 %

RILY stock opened at $31.49 on Thursday. B. Riley Financial, Inc. has a 12 month low of $14.46 and a 12 month high of $60.72. The company has a debt-to-equity ratio of 14.33, a current ratio of 4.88 and a quick ratio of 4.88. The company has a market cap of $949.20 million, a price-to-earnings ratio of -11.29 and a beta of 1.34. The company has a fifty day moving average price of $23.53 and a 200 day moving average price of $23.30.

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

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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.35%. The ex-dividend date was Friday, March 8th. B. Riley Financial’s dividend payout ratio is presently -71.68%.

Wall Street Analysts Forecast Growth

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

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.