B. Riley Financial Target of Unusually High Options Trading (NASDAQ:RILY)

B. Riley Financial, Inc. (NASDAQ:RILY) was the recipient of some unusual options trading on Tuesday. Investors purchased 49,295 put options on the company. This is an increase of 54% compared to the average volume of 31,993 put options.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of B. Riley Financial to a “sell” rating in a report on Wednesday, August 14th.

B. Riley Financial Stock Performance

Shares of RILY stock opened at $5.40 on Thursday. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99. B. Riley Financial has a 52 week low of $4.51 and a 52 week high of $52.74. The firm has a market capitalization of $163.59 million, a price-to-earnings ratio of -1.08 and a beta of 1.32. The stock has a fifty day moving average of $14.75 and a 200 day moving average of $20.53.

Hedge Funds Weigh In On B. Riley Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of B. Riley Financial by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,253,591 shares of the asset manager’s stock valued at $26,539,000 after purchasing an additional 6,622 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of B. Riley Financial by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 326,428 shares of the asset manager’s stock valued at $6,852,000 after buying an additional 49,973 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of B. Riley Financial by 818.2% in the 4th quarter. BNP Paribas Financial Markets now owns 181,449 shares of the asset manager’s stock worth $3,809,000 after buying an additional 161,687 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of B. Riley Financial by 71.1% in the fourth quarter. Victory Capital Management Inc. now owns 156,770 shares of the asset manager’s stock worth $3,291,000 after acquiring an additional 65,130 shares during the period. Finally, Bank of New York Mellon Corp increased its position in B. Riley Financial by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 132,168 shares of the asset manager’s stock valued at $2,331,000 after acquiring an additional 5,755 shares during the last quarter. Hedge funds and other institutional investors own 50.20% of the company’s stock.

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.