B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT – Get 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
B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Company Profile
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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