Bears Are Back On The Defensive As B. Riley Financial Inc (RILY) tumbled -49.38%

B. Riley Financial Inc (NASDAQ:RILY) has a beta value of 1.35 and has seen 6.46 million shares traded in the recent trading session. The company, currently valued at $259.97M, closed the recent trade at $8.58 per share which meant it lost -$8.37 on the day or -49.38% during that session. The RILY stock price is -517.6% off its 52-week high price of $52.99 and -68.53% below the 52-week low of $14.46. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.82 million shares traded. The 3-month trading volume is 964.15K shares.

B. Riley Financial Inc (NASDAQ:RILY) trade information

Sporting -49.38% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RILY stock price touched $8.58 or saw a rise of 53.75%. Year-to-date, B. Riley Financial Inc shares have moved -59.12%, while the 5-day performance has seen it change -49.80%. Over the past 30 days, the shares of B. Riley Financial Inc (NASDAQ:RILY) have changed -52.41%. Short interest in the company has seen 11.46 million shares shorted with days to cover at 10.18.

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B. Riley Financial Inc (RILY) estimates and forecasts

The company’s shares have lost -53.75% over the past 6 months.

RILY Dividends

The forward dividend is 3.00 at a share yield of 34.97%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 7.02%.

B. Riley Financial Inc (NASDAQ:RILY)’s Major holders

Insiders own 47.17% of the company shares, while shares held by institutions stand at 37.41% with a share float percentage of 70.82%. Investors are also buoyed by the number of investors in a company, with B. Riley Financial Inc having a total of 207.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 2.81 million shares worth more than $59.58 million. As of 2024-03-31, BLACKROCK INC. held 9.3038% of shares outstanding.

The other major institutional holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP, with the holding of over 2.46 million shares as of 2024-03-31. The firm’s total holdings are worth over $52.03 million and represent 8.1249% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and iShares Preferred & Income Securities ETF. As of Jun 30, 2024, the former fund manager holds about 3.68% shares in the company for having 1.12 shares of worth $9.5 million while later fund manager owns 686.53 shares of worth $5.84 million as of Jun 30, 2024, which makes it owner of about 2.27% of company’s outstanding stock.