Stock Traders Buy High Volume of Call Options on B. Riley Financial (NASDAQ:RILY)

B. Riley Financial, Inc. (NASDAQ:RILY) was the recipient of some unusual options trading on Thursday. Stock traders acquired 86,778 call options on the company. This is an increase of approximately 105% compared to the average daily volume of 42,433 call options.

B. Riley Financial Stock Performance

NASDAQ:RILY opened at $36.82 on Friday. The firm has a market cap of $1.13 billion, a PE ratio of -13.20 and a beta of 1.56. B. Riley Financial has a fifty-two week low of $14.46 and a fifty-two week high of $60.72. The company has a debt-to-equity ratio of 13.51, a quick ratio of 4.62 and a current ratio of 4.95. The business has a 50 day moving average price of $20.53 and a 200-day moving average price of $23.88.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results on Thursday, February 29th. The asset manager reported ($1.86) EPS for the quarter. The business had revenue of $346.51 million for the quarter. B. Riley Financial had a negative net margin of 4.75% and a negative return on equity of 8.29%.

B. Riley Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.43%. B. Riley Financial’s dividend payout ratio is presently -71.68%.

Hedge Funds Weigh In On B. Riley Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. DiNuzzo Private Wealth Inc. bought a new position in shares of B. Riley Financial during the fourth quarter valued at approximately $29,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of B. Riley Financial by 65.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,279 shares of the asset manager’s stock valued at $134,000 after acquiring an additional 1,295 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of B. Riley Financial by 275.4% during the third quarter. Nisa Investment Advisors LLC now owns 3,953 shares of the asset manager’s stock valued at $162,000 after acquiring an additional 2,900 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in B. Riley Financial by 150.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,255 shares of the asset manager’s stock worth $110,000 after purchasing an additional 3,160 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in B. Riley Financial in the fourth quarter worth $119,000. Institutional investors own 50.20% of the company’s stock.

About B. Riley Financial

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.