Stock Traders Buy Large Volume of B. Riley Financial Call Options (NASDAQ:RILY)

B. Riley Financial, Inc. (NASDAQ:RILYGet Free Report) saw some unusual options trading activity on Tuesday. Traders acquired 16,853 call options on the company. This is an increase of 49% compared to the typical volume of 11,345 call options.

Analysts Set New Price Targets

RILY has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of B. Riley Financial in a research note on Monday, June 15th. Wall Street Zen downgraded B. Riley Financial from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Get Our Latest Research Report on B. Riley Financial

Institutional Trading of B. Riley Financial

Several hedge funds have recently added to or reduced their stakes in the business. Soviero Asset Management LP bought a new stake in shares of B. Riley Financial during the 3rd quarter worth about $2,211,000. Renaissance Technologies LLC bought a new position in shares of B. Riley Financial in the first quarter valued at approximately $1,832,000. Charles Schwab Investment Management Inc. increased its stake in shares of B. Riley Financial by 25.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,123,179 shares of the asset manager’s stock valued at $5,245,000 after acquiring an additional 224,858 shares during the period. Federated Hermes Inc. increased its stake in shares of B. Riley Financial by 82.2% during the fourth quarter. Federated Hermes Inc. now owns 329,222 shares of the asset manager’s stock valued at $1,537,000 after acquiring an additional 148,554 shares during the period. Finally, Jump Financial LLC bought a new stake in B. Riley Financial during the fourth quarter worth approximately $694,000. Institutional investors own 50.20% of the company’s stock.

B. Riley Financial Stock Performance

B. Riley Financial stock opened at $7.27 on Wednesday. The company has a quick ratio of 3.95, a current ratio of 1.40 and a debt-to-equity ratio of 7.13. The firm has a 50-day moving average price of $7.76 and a two-hundred day moving average price of $7.88. The firm has a market capitalization of $292.25 million, a price-to-earnings ratio of 0.57 and a beta of 1.23. B. Riley Financial has a 52-week low of $3.64 and a 52-week high of $11.24.

B. Riley Financial (NASDAQ:RILYGet Free Report) last posted its earnings results on Thursday, August 6th. The asset manager reported $0.45 EPS for the quarter. B. Riley Financial had a net margin of 35.88% and a return on equity of 39,260.09%. The firm had revenue of $239.36 million during the quarter.

B. Riley Financial Company Profile

(Get Free Report)

B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.

In addition to traditional investment banking, B.

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