B. Riley Financial (NASDAQ:RILY) Shares Gap Up to $16.74

B. Riley Financial, Inc. (NASDAQ:RILY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $16.74, but opened at $18.56. B. Riley Financial shares last traded at $17.85, with a volume of 125,248 shares trading hands.

Analysts Set New Price Targets

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

B. Riley Financial Price Performance

The company has a 50-day moving average of $21.41 and a 200 day moving average of $22.18. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99. The stock has a market capitalization of $546.92 million, a PE ratio of -3.56 and a beta of 1.32.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results on Wednesday, May 15th. The asset manager reported ($1.71) earnings per share (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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Monday, May 27th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 11.08%. B. Riley Financial’s payout ratio is -39.92%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in shares of B. Riley Financial by 818.2% in the fourth quarter. BNP Paribas Financial Markets now owns 181,449 shares of the asset manager’s stock valued at $3,809,000 after purchasing an additional 161,687 shares during the period. First Eagle Investment Management LLC boosted its holdings in B. Riley Financial by 101.6% in the 4th quarter. First Eagle Investment Management LLC now owns 131,185 shares of the asset manager’s stock valued at $2,754,000 after purchasing an additional 66,100 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of B. Riley Financial by 71.1% in the 4th quarter. Victory Capital Management Inc. now owns 156,770 shares of the asset manager’s stock valued at $3,291,000 after buying an additional 65,130 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of B. Riley Financial by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 82,645 shares of the asset manager’s stock valued at $1,458,000 after buying an additional 60,512 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of B. Riley Financial by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 326,428 shares of the asset manager’s stock worth $6,852,000 after buying an additional 49,973 shares during the last quarter. 50.20% of the stock is currently owned by institutional investors and hedge funds.

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.