B. Riley Financial (NASDAQ:RILY) Stock Price Down 6.6%

B. Riley Financial, Inc. (NASDAQ:RILY) shares were down 6.6% on Monday . The stock traded as low as $16.72 and last traded at $16.84. Approximately 639,851 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 1,263,011 shares. The stock had previously closed at $18.03.

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 Stock Down 7.5 %

The company has a current ratio of 4.88, a quick ratio of 4.88 and a debt-to-equity ratio of 13.99. The firm’s 50-day moving average price is $23.80 and its 200 day moving average price is $22.44.

B. Riley Financial (NASDAQ:RILY) last posted its earnings results on Wednesday, May 15th. The asset manager reported ($1.71) EPS for the quarter. The business had revenue of $343.03 million for 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 disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Monday, May 27th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 12.00%. The ex-dividend date of this dividend was Thursday, May 23rd. B. Riley Financial’s payout ratio is -39.92%.

Institutional Investors Weigh In On B. Riley Financial

A number of institutional investors have recently added to or reduced their stakes in RILY. DiNuzzo Private Wealth Inc. bought a new stake in B. Riley Financial in the 4th quarter worth about $29,000. Tower Research Capital LLC TRC boosted 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 valued at $110,000 after acquiring an additional 3,160 shares during the last quarter. SG Americas Securities LLC purchased a new position in B. Riley Financial in the fourth quarter valued at about $119,000. Everence Capital Management Inc. purchased a new position in B. Riley Financial in the fourth quarter valued at about $208,000. Finally, Bayesian Capital Management LP purchased a new position in B. Riley Financial in the first quarter valued at about $245,000. 50.20% of the stock is owned by institutional investors.

About B. Riley Financial

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.