B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) Sees Significant Decline in Short Interest

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 7,546 shares, a decline of 42.4% from the June 30th total of 13,102 shares. Based on an average daily trading volume, of 17,426 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On B. Riley Financial, Inc. 6.00% Senior Notes Due 2028

A hedge fund recently bought a new stake in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock. NBC Securities Inc. purchased a new position in shares of B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,000 shares of the company’s stock, valued at approximately $28,000.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Stock Performance

NASDAQ:RILYT traded down $0.25 on Wednesday, reaching $19.72. The stock had a trading volume of 14,937 shares, compared to its average volume of 30,205. The company has a 50-day moving average of $20.80 and a 200 day moving average of $19.01. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 12-month low of $10.35 and a 12-month high of $21.83.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Thursday, October 15th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.50 dividend on an annualized basis and a yield of 7.6%.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Company Profile

B. Riley Financial, Inc 6.00% Senior Notes Due 2028 (NASDAQ: RILYT) are unsecured, senior obligations of B. Riley Financial, Inc, a diversified financial services holding company. The notes bear interest at an annual rate of 6.00%, payable semi-annually, and mature in August 2028. As senior unsecured debt, these notes rank equally with other unsecured obligations of the company and are structurally subordinated to any secured debt.

B. Riley Financial, Inc provides a broad suite of services including investment banking, financial advisory, wealth management, merchant banking, and asset management.