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

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYTGet Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,675 shares, a decline of 39.1% from the April 30th total of 9,314 shares. Based on an average daily volume of 36,912 shares, the days-to-cover ratio is presently 0.2 days.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Trading Up 0.7%

Shares of RILYT opened at $21.39 on Friday. The stock has a 50 day simple moving average of $19.54 and a 200 day simple moving average of $17.00. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 52-week low of $6.07 and a 52-week high of $21.83.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a $0.375 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $1.50 annualized dividend and a dividend yield of 7.0%.

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 stake in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYTFree Report) in the 4th quarter, according to its most recent filing with the SEC. The fund 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.

See Also

Receive News & Ratings for B. Riley Financial Inc. 6.00% Senior Notes Due 2028 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B. Riley Financial Inc. 6.00% Senior Notes Due 2028 and related companies with MarketBeat.com's FREE daily email newsletter.