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

B. Riley Financial, Inc. (NASDAQ:RILY) was the recipient of unusually large options trading on Monday. Investors acquired 12,307 call options on the company. This represents an increase of approximately 40% compared to the average volume of 8,801 call options.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RILY shares. Wall Street Zen lowered B. Riley Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings lowered B. Riley Financial from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On B. Riley Financial

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in B. Riley Financial by 2,715.4% during the 1st quarter. Bank of America Corp DE now owns 53,830 shares of the asset manager’s stock valued at $394,000 after buying an additional 51,918 shares during the period. Renaissance Technologies LLC bought a new stake in B. Riley Financial in the 1st quarter worth $1,832,000. Finally, State of Wyoming purchased a new position in shares of B. Riley Financial in the first quarter valued at about $359,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Stock Performance

Shares of RILY stock opened at $4.68 on Wednesday. The firm has a market cap of $188.14 million, a price-to-earnings ratio of 0.37 and a beta of 1.24. The company has a debt-to-equity ratio of 7.13, a quick ratio of 3.95 and a current ratio of 3.95. B. Riley Financial has a 52 week low of $3.64 and a 52 week high of $11.24. The firm’s 50-day simple moving average is $6.37 and its two-hundred day simple moving average is $7.49.

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

About B. Riley Financial

B. Riley Financial, Inc is a diversified financial services company that provides investment banking, institutional brokerage, wealth management, asset management and related advisory services. Through its operating businesses, the company serves corporations, institutional investors, high-net-worth individuals, private equity sponsors and other financial market participants.

Its businesses have included B. Riley Securities, which offers investment banking, equity research, sales and trading, and corporate finance services; B.