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

B. Riley Financial, Inc. (NASDAQ:RILY) was the target of unusually large options trading on Wednesday. Stock traders bought 54,698 call options on the stock. This represents an increase of 172% compared to the average daily volume of 20,144 call options.

Institutional Trading of B. Riley Financial

A number of large investors have recently modified their holdings of the stock. Toronto Dominion Bank boosted its holdings in B. Riley Financial by 666,766.7% in the fourth quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager’s stock valued at $92,000 after purchasing an additional 20,003 shares during the period. Federated Hermes Inc. raised its position in B. Riley Financial by 144.1% in the 4th quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager’s stock valued at $248,000 after purchasing an additional 31,835 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of B. Riley Financial by 44.8% in the 4th quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager’s stock valued at $44,000 after buying an additional 2,952 shares during the period. Intech Investment Management LLC acquired a new position in shares of B. Riley Financial during the fourth quarter worth about $46,000. Finally, Jones Financial Companies Lllp increased its stake 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 period. Hedge funds and other institutional investors own 50.20% of the company’s stock.

Analyst Ratings Changes

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

B. Riley Financial Price Performance

Shares of NASDAQ:RILY opened at $6.13 on Friday. The firm has a market capitalization of $186.97 million, a PE ratio of -0.29 and a beta of 1.30. B. Riley Financial has a 1 year low of $2.73 and a 1 year high of $40.09. The firm’s 50-day moving average is $4.57 and its two-hundred day moving average is $5.17.

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

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.