SG Americas Securities LLC Takes $119,000 Position in B. Riley Financial, Inc. (NASDAQ:RILY)

SG Americas Securities LLC purchased a new stake in B. Riley Financial, Inc. (NASDAQ:RILY) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 5,665 shares of the asset manager’s stock, valued at approximately $119,000.

A number of other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in B. Riley Financial by 51.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 686 shares of the asset manager’s stock worth $31,000 after buying an additional 234 shares during the last quarter. FMR LLC grew its stake in B. Riley Financial by 137.8% during the 2nd quarter. FMR LLC now owns 861 shares of the asset manager’s stock worth $36,000 after buying an additional 499 shares during the last quarter. US Bancorp DE grew its stake in B. Riley Financial by 289.8% during the 1st quarter. US Bancorp DE now owns 686 shares of the asset manager’s stock worth $48,000 after buying an additional 510 shares during the last quarter. Worth Asset Management LLC bought a new position in B. Riley Financial during the 1st quarter worth $58,000. Finally, Point72 Hong Kong Ltd bought a new position in B. Riley Financial during the 2nd quarter worth $64,000. 50.20% of the stock is currently owned by institutional investors.

B. Riley Financial Price Performance

Shares of RILY opened at $19.75 on Friday. The company has a market cap of $603.96 million, a P/E ratio of -7.08 and a beta of 1.56. The stock has a fifty day moving average price of $19.87 and a 200 day moving average price of $24.34. The company has a debt-to-equity ratio of 13.51, a current ratio of 4.95 and a quick ratio of 4.62. B. Riley Financial, Inc. has a 12 month low of $14.46 and a 12 month high of $60.72.

B. Riley Financial (NASDAQ:RILY) last released its quarterly earnings results on Thursday, February 29th. The asset manager reported ($1.86) earnings per share (EPS) for the quarter. B. Riley Financial had a negative return on equity of 8.29% and a negative net margin of 4.75%. The business had revenue of $346.51 million during the quarter.

B. Riley Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a $0.50 dividend. The ex-dividend date was Friday, March 8th. This represents a $2.00 annualized dividend and a dividend yield of 10.13%. B. Riley Financial’s payout ratio is -71.68%.

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, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.