Investors Purchase Large Volume of Call Options on B. Riley Financial (NASDAQ:RILY)

B. Riley Financial, Inc. (NASDAQ:RILY) was the recipient of some unusual options trading activity on Wednesday. Traders bought 54,698 call options on the company. This is an increase of 172% compared to the average volume of 20,144 call options.

Hedge Funds Weigh In On B. Riley Financial

Institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in B. Riley Financial during the 3rd quarter worth $29,000. Albion Financial Group UT purchased a new stake in shares of B. Riley Financial in the fourth quarter valued at about $30,000. Wells Fargo & Company MN boosted its stake in shares of B. Riley Financial by 44.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager’s stock worth $44,000 after buying an additional 2,952 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of B. Riley Financial by 1,049.1% during the fourth quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager’s stock worth $45,000 after buying an additional 8,865 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in B. Riley Financial in the 4th quarter valued at about $46,000. 50.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

B. Riley Financial Stock Performance

B. Riley Financial stock opened at $6.13 on Friday. The company has a market capitalization of $186.97 million, a P/E ratio of -0.29 and a beta of 1.30. B. Riley Financial has a fifty-two week low of $2.73 and a fifty-two week high of $40.09. The stock has a 50-day simple moving average of $4.57 and a 200-day simple moving average of $5.17.

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

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.