B. Riley Financial (NASDAQ:RILY) Stock Sees Unusually High Call Option Buying

B. Riley Financial, Inc. (NASDAQ:RILY) saw unusually large options trading activity on Thursday. Traders acquired 19,281 call options on the company. This represents an increase of 122% compared to the average daily volume of 8,667 call options.

Analyst Upgrades and Downgrades

RILY has been the topic of several research analyst reports. Wall Street Zen lowered shares of B. Riley Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered B. Riley Financial from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

B. Riley Financial Trading Up 4.5%

Shares of RILY opened at $4.42 on Friday. B. Riley Financial has a 52-week low of $3.64 and a 52-week high of $11.24. The stock has a market cap of $177.68 million, a PE ratio of 0.35 and a beta of 1.24. The firm’s fifty day moving average is $5.66 and its two-hundred day moving average is $7.32. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 7.13.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC acquired a new stake in shares of B. Riley Financial in the first quarter valued at approximately $1,832,000. Bank of America Corp DE increased its stake in B. Riley Financial by 2,715.4% during the first quarter. Bank of America Corp DE now owns 53,830 shares of the asset manager’s stock worth $394,000 after acquiring an additional 51,918 shares during the last quarter. Finally, State of Wyoming acquired a new stake in B. Riley Financial during the first quarter worth $359,000. 50.20% of the stock is owned by hedge funds and other institutional investors.

B. Riley Financial Company Profile

B. Riley Financial, Inc is a diversified financial services company that provides investment banking, institutional brokerage, wealth management, asset appraisal, valuation, liquidation and restructuring services. Through its businesses, the company works with public and private companies, institutional investors, private equity firms, financial institutions and individual clients.

The company’s capital markets operations, including B. Riley Securities, offer investment banking, equity research, sales and trading, and related advisory services.