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 activity on Tuesday. Investors purchased 18,092 call options on the company. This represents an increase of approximately 35% compared to the average daily volume of 13,433 call options.

B. Riley Financial Stock Performance

Shares of RILY stock opened at $4.72 on Thursday. B. Riley Financial has a 52 week low of $2.67 and a 52 week high of $7.90. The stock has a market capitalization of $144.43 million, a PE ratio of -0.90 and a beta of 1.29. The stock’s fifty day moving average is $4.84 and its 200-day moving average is $4.92.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly 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.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of B. Riley Financial in a research note on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of B. Riley Financial

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

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.