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 – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 7,546 shares, a drop of 42.4% from the June 30th total of 13,102 shares. Based on an average daily volume of 17,426 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On B. Riley Financial, Inc. 6.00% Senior Notes Due 2028

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 position in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,000 shares of the company’s stock, valued at approximately $28,000.

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B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Stock Down 1.3%

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock traded down $0.25 during midday trading on Wednesday, hitting $19.72. The stock had a trading volume of 14,937 shares, compared to its average volume of 30,205. The business has a fifty day moving average price of $20.80 and a 200 day moving average price 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 Announces Dividend

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

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

(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.

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