B. Riley Financial (NASDAQ:RILY) Shares Gap Down to $17.45

B. Riley Financial, Inc. (NASDAQ:RILY) gapped down prior to trading on Tuesday . The stock had previously closed at $17.45, but opened at $16.72. B. Riley Financial shares last traded at $16.92, with a volume of 39,369 shares trading hands.

Analyst Upgrades and Downgrades

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

B. Riley Financial Stock Up 1.0 %

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 stock has a market capitalization of $514.19 million, a PE ratio of -3.39 and a beta of 1.32. The stock’s fifty day simple moving average is $26.31 and its 200-day simple moving average is $22.61.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings results on Wednesday, May 15th. The asset manager reported ($1.71) earnings per share for the quarter. The company had revenue of $343.03 million during 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. Investors of record on Monday, May 27th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 11.79%. The ex-dividend date of this dividend was Thursday, May 23rd. B. Riley Financial’s dividend payout ratio is currently -39.92%.

Institutional Investors Weigh In On B. Riley Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RILY. BNP Paribas Financial Markets raised its stake in B. Riley Financial by 818.2% in the 4th quarter. BNP Paribas Financial Markets now owns 181,449 shares of the asset manager’s stock valued at $3,809,000 after acquiring an additional 161,687 shares during the period. 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 valued at $4,904,000 after buying an additional 72,247 shares during the period. First Eagle Investment Management LLC increased its position in shares of B. Riley Financial by 101.6% during the fourth quarter. First Eagle Investment Management LLC now owns 131,185 shares of the asset manager’s stock valued at $2,754,000 after buying an additional 66,100 shares during the period. Victory Capital Management Inc. increased its position in shares of B. Riley Financial by 71.1% during the fourth 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. Finally, Charles Schwab Investment Management Inc. increased its position in shares of B. Riley Financial by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 326,428 shares of the asset manager’s stock valued at $6,852,000 after buying an additional 49,973 shares during the period. 50.20% of the stock is currently 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.