Stock Traders Purchase Large Volume of B. Riley Financial Call Options (NASDAQ:RILY)

B. Riley Financial, Inc. (NASDAQ:RILY) saw some unusual options trading activity on Wednesday. Stock traders bought 54,698 call options on the company. This represents an increase of approximately 172% compared to the typical volume of 20,144 call options.

B. Riley Financial Price Performance

B. Riley Financial stock traded up $1.66 during trading hours on Wednesday, hitting $5.82. The stock had a trading volume of 11,003,815 shares, compared to its average volume of 1,811,266. The stock has a market capitalization of $177.57 million, a price-to-earnings ratio of -0.28 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 stock’s fifty day moving average is $4.54 and its two-hundred day moving average is $5.16.

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

Institutional Trading of B. Riley Financial

Several hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank raised its stake in shares of B. Riley Financial by 666,766.7% in the 4th quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager’s stock worth $92,000 after buying an additional 20,003 shares in the last quarter. Federated Hermes Inc. grew its stake in B. Riley Financial by 144.1% in the fourth 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 lifted its position in shares of B. Riley Financial by 44.8% in 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 last quarter. Intech Investment Management LLC acquired a new stake in shares of B. Riley Financial in the fourth quarter worth about $46,000. Finally, Jones Financial Companies Lllp lifted its position in shares of B. Riley Financial by 1,049.1% during the 4th quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager’s stock worth $45,000 after purchasing an additional 8,865 shares during the last quarter. Institutional investors own 50.20% of the company’s stock.

Analysts Set New Price Targets

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

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.