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

B. Riley Financial, Inc. (NASDAQ:RILY) was the recipient of unusually large options trading on Tuesday. Investors bought 18,092 call options on the company. This represents an increase of 35% compared to the typical volume of 13,433 call options.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of B. Riley Financial in a research report on Monday, December 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, B. Riley Financial presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On B. Riley Financial

Large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of B. Riley Financial by 110.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 417,155 shares of the asset manager’s stock worth $1,614,000 after purchasing an additional 219,114 shares in the last quarter. Invesco Ltd. raised its stake in B. Riley Financial by 4.6% during the 1st quarter. Invesco Ltd. now owns 161,794 shares of the asset manager’s stock worth $626,000 after buying an additional 7,160 shares during the period. Vident Advisory LLC acquired a new stake in B. Riley Financial during the 1st quarter worth $41,000. Simon Quick Advisors LLC bought a new position in B. Riley Financial during the second quarter worth about $48,000. Finally, Addison Advisors LLC grew its stake in B. Riley Financial by 37.8% in the second quarter. Addison Advisors LLC now owns 11,545 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 3,165 shares during the period. Institutional investors own 50.20% of the company’s stock.

B. Riley Financial Stock Performance

NASDAQ:RILY traded up $1.45 during mid-day trading on Tuesday, hitting $5.17. The company had a trading volume of 10,136,638 shares, compared to its average volume of 1,268,714. B. Riley Financial has a fifty-two week low of $2.67 and a fifty-two week high of $7.90. The business’s fifty day moving average is $4.88 and its two-hundred day moving average is $4.90. The firm has a market cap of $158.26 million, a P/E ratio of -0.22 and a beta of 1.29.

B. Riley Financial (NASDAQ:RILY) last posted its earnings results on Thursday, March 16th. The asset manager reported $2.70 earnings per share (EPS) for the quarter. The company had revenue of $345.47 million for 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.