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

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 5,869 shares, a decrease of 20.0% from the February 26th total of 7,332 shares. Based on an average daily volume of 40,542 shares, the short-interest ratio is currently 0.1 days.

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

A hedge fund recently bought a new stake 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) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,000 shares of the company’s stock, valued at approximately $28,000.

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

Shares of NASDAQ:RILYT traded down $0.49 during midday trading on Tuesday, reaching $17.01. The company’s stock had a trading volume of 91,582 shares, compared to its average volume of 33,983. The business’s fifty day simple moving average is $17.48 and its 200-day simple moving average is $15.07. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a fifty-two week low of $5.05 and a fifty-two week high of $19.69.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 8.8%. The ex-dividend date is Wednesday, July 15th.

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

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.