Everence Capital Management Inc. Makes New $208,000 Investment in B. Riley Financial, Inc. (NASDAQ:RILY)

Everence Capital Management Inc. bought a new position in shares of B. Riley Financial, Inc. (NASDAQ:RILY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,890 shares of the asset manager’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its stake in shares of B. Riley Financial by 51.8% during the third quarter. Public Employees Retirement System of Ohio now owns 686 shares of the asset manager’s stock worth $31,000 after purchasing an additional 234 shares in the last quarter. FMR LLC grew its stake in shares of B. Riley Financial by 137.8% during the second quarter. FMR LLC now owns 861 shares of the asset manager’s stock worth $36,000 after purchasing an additional 499 shares in the last quarter. US Bancorp DE grew its stake in shares of B. Riley Financial by 289.8% during the first quarter. US Bancorp DE now owns 686 shares of the asset manager’s stock worth $48,000 after purchasing an additional 510 shares in the last quarter. Worth Asset Management LLC acquired a new position in shares of B. Riley Financial during the first quarter worth $58,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of B. Riley Financial during the second quarter worth $64,000. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Stock Performance

Shares of RILY stock opened at $19.99 on Friday. The company has a current ratio of 4.95, a quick ratio of 4.62 and a debt-to-equity ratio of 13.51. The firm has a fifty day moving average price of $19.90 and a 200 day moving average price of $24.22. The company has a market cap of $611.35 million, a P/E ratio of -7.16 and a beta of 1.56. 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 data on Thursday, February 29th. The asset manager reported ($1.86) earnings per share (EPS) for the quarter. B. Riley Financial had a negative net margin of 4.75% and a negative return on equity of 8.29%. The company had revenue of $346.51 million during the quarter.

B. Riley Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders 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 yield of 10.01%. B. Riley Financial’s dividend payout ratio is presently -71.68%.

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