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

B. Riley Financial, Inc. (NASDAQ:RILY) saw some unusual options trading on Tuesday. Stock traders acquired 16,853 call options on the stock. This represents an increase of 49% compared to the typical daily volume of 11,345 call options.

Institutional Trading of B. Riley Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in B. Riley Financial by 237.2% in the 3rd quarter. Bank of America Corp DE now owns 6,963 shares of the asset manager’s stock worth $42,000 after acquiring an additional 4,898 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of B. Riley Financial by 144.9% in the second quarter. Russell Investments Group Ltd. now owns 14,504 shares of the asset manager’s stock worth $43,000 after acquiring an additional 8,582 shares during the period. Jump Financial LLC purchased a new position in shares of B. Riley Financial during the second quarter valued at approximately $45,000. Engineers Gate Manager LP raised its holdings in shares of B. Riley Financial by 70.0% during the second quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager’s stock valued at $51,000 after purchasing an additional 7,044 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new position in B. Riley Financial during the fourth quarter valued at approximately $60,000. 50.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on RILY shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of B. Riley Financial in a report on Monday, June 15th. Wall Street Zen lowered shares of B. Riley Financial from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

B. Riley Financial Stock Up 0.4%

NASDAQ:RILY traded up $0.03 during trading hours on Tuesday, reaching $7.30. 648,711 shares of the company traded hands, compared to its average volume of 1,047,529. The company has a current ratio of 1.40, a quick ratio of 3.95 and a debt-to-equity ratio of 7.13. The business’s 50-day moving average price is $7.81 and its two-hundred day moving average price is $7.90. B. Riley Financial has a 1 year low of $3.64 and a 1 year high of $11.24. The stock has a market capitalization of $271.05 million, a P/E ratio of 0.57 and a beta of 1.23.

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

About B. Riley Financial

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.