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

B. Riley Financial, Inc. (NASDAQ:RILY) saw unusually large options trading activity on Thursday. Investors acquired 86,778 call options on the stock. This is an increase of 105% compared to the average daily volume of 42,433 call options.

B. Riley Financial Price Performance

Shares of RILY stock opened at $34.69 on Friday. The firm has a market cap of $1.06 billion, a P/E ratio of -12.43 and a beta of 1.56. The company has a debt-to-equity ratio of 13.51, a current ratio of 4.95 and a quick ratio of 4.62. B. Riley Financial has a 1-year low of $14.46 and a 1-year high of $60.72. The firm has a fifty day moving average of $20.19 and a two-hundred day moving average of $23.81.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings results on Thursday, February 29th. The asset manager reported ($1.86) EPS for the quarter. B. Riley Financial had a negative net margin of 4.75% and a negative return on equity of 8.29%. The business had revenue of $346.51 million during the quarter.

B. Riley Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.77%. The ex-dividend date was Friday, March 8th. B. Riley Financial’s dividend payout ratio (DPR) is presently -71.68%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Inspire Investing LLC boosted its holdings in shares of B. Riley Financial by 9.0% in the 3rd quarter. Inspire Investing LLC now owns 7,439 shares of the asset manager’s stock valued at $305,000 after buying an additional 617 shares during the period. Rhumbline Advisers boosted its holdings in shares of B. Riley Financial by 1.8% in the 3rd quarter. Rhumbline Advisers now owns 51,038 shares of the asset manager’s stock valued at $2,092,000 after buying an additional 899 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of B. Riley Financial by 65.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,279 shares of the asset manager’s stock valued at $134,000 after buying an additional 1,295 shares during the period. DiNuzzo Private Wealth Inc. acquired a new position in shares of B. Riley Financial in the 4th quarter valued at about $29,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of B. Riley Financial by 18.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 16,922 shares of the asset manager’s stock valued at $694,000 after buying an additional 2,592 shares during the period. 50.20% of the stock is owned by institutional investors and hedge funds.

About B. Riley Financial

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