Traders Buy High Volume of Call Options on B. Riley Financial (NASDAQ:RILY)

B. Riley Financial, Inc. (NASDAQ:RILY) was the target of unusually large options trading activity on Wednesday. Stock investors purchased 54,698 call options on the company. This represents an increase of 172% compared to the average volume of 20,144 call options.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of B. Riley Financial to a “sell” rating in a research report on Monday.

Institutional Trading of B. Riley Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in shares of B. Riley Financial in the third quarter valued at about $100,000. FMR LLC lifted its holdings in shares of B. Riley Financial by 1,085.3% in the third quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock valued at $53,000 after purchasing an additional 9,225 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of B. Riley Financial by 37.6% in the third quarter. JPMorgan Chase & Co. now owns 21,658 shares of the asset manager’s stock valued at $114,000 after purchasing an additional 5,920 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of B. Riley Financial by 136.0% in the third quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock valued at $114,000 after purchasing an additional 12,557 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of B. Riley Financial in the third quarter valued at about $29,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Trading Up 35.6 %

Shares of RILY opened at $5.64 on Thursday. The firm’s 50-day moving average is $4.55 and its two-hundred day moving average is $5.16. B. Riley Financial has a twelve month low of $2.73 and a twelve month high of $40.09. The firm has a market capitalization of $172.02 million, a P/E ratio of -0.27 and a beta of 1.30.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings results on Friday, February 21st. The asset manager reported ($4.97) earnings per share (EPS) for the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%. The business had revenue of $199.31 million during the quarter.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.