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

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYTGet Free Report) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 9,314 shares, a growth of 144.5% from the April 15th total of 3,809 shares. Based on an average daily trading volume, of 34,740 shares, the days-to-cover ratio is presently 0.3 days.

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

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock remained flat at $21.00 during mid-day trading on Friday. The company had a trading volume of 11,364 shares, compared to its average volume of 33,215. The stock’s 50-day moving average is $18.40 and its 200 day moving average is $16.08. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 1 year low of $5.15 and a 1 year high of $21.20.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock. NBC Securities Inc. acquired a new stake in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYTFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,000 shares of the company’s stock, valued at approximately $28,000.

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

(Get Free Report)

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.

Further Reading

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