LSV Asset Management Sells 14,900 Shares of B. Riley Financial, Inc. (NASDAQ:RILY)

LSV Asset Management reduced its stake in B. Riley Financial, Inc. (NASDAQ:RILY) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,776 shares of the asset manager’s stock after selling 14,900 shares during the period. LSV Asset Management owned 0.85% of B. Riley Financial worth $5,453,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in B. Riley Financial by 3.8% in the third quarter. Vanguard Group Inc. now owns 1,192,119 shares of the asset manager’s stock worth $48,865,000 after purchasing an additional 43,247 shares in the last quarter. FMR LLC grew its position in shares of B. Riley Financial by 51,501.0% during the 3rd quarter. FMR LLC now owns 703,837 shares of the asset manager’s stock worth $28,850,000 after buying an additional 702,473 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of B. Riley Financial by 6.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 290,894 shares of the asset manager’s stock valued at $6,106,000 after buying an additional 18,326 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of B. Riley Financial by 11.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 276,455 shares of the asset manager’s stock valued at $11,332,000 after acquiring an additional 27,584 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of B. Riley Financial by 4.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 225,392 shares of the asset manager’s stock valued at $4,731,000 after acquiring an additional 8,813 shares in the last quarter. 50.20% of the stock is owned by hedge funds and other institutional investors.

B. Riley Financial Stock Down 1.0 %

B. Riley Financial stock opened at $31.49 on Thursday. B. Riley Financial, Inc. has a twelve month low of $14.46 and a twelve month high of $60.72. The business has a fifty day moving average of $23.53 and a two-hundred day moving average of $23.30. The firm has a market cap of $949.20 million, a P/E ratio of -11.29 and a beta of 1.34. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 14.33.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings data on Thursday, February 29th. The asset manager reported ($1.86) earnings per share for the quarter. The company had revenue of $346.51 million for the quarter. B. Riley Financial had a negative net margin of 4.75% and a negative return on equity of 8.40%.

B. Riley Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given a dividend of $0.50 per share. The ex-dividend date was Friday, March 8th. This represents a $2.00 dividend on an annualized basis and a yield of 6.35%. B. Riley Financial’s payout ratio is -71.68%.

Wall Street Analyst Weigh In

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

B. Riley Financial 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.