B. Riley Financial Sees Unusually High Options Volume (NASDAQ:RILY)

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On B. Riley Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new position in shares of B. Riley Financial during the 1st quarter worth $1,832,000. Bank of America Corp DE grew its holdings in shares of B. Riley Financial by 2,715.4% in the first quarter. Bank of America Corp DE now owns 53,830 shares of the asset manager’s stock valued at $394,000 after purchasing an additional 51,918 shares during the period. Finally, State of Wyoming purchased a new stake in shares of B. Riley Financial in the first quarter valued at about $359,000. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Price Performance

Shares of B. Riley Financial stock traded down $0.28 during mid-day trading on Tuesday, reaching $4.93. 249,433 shares of the stock traded hands, compared to its average volume of 948,835. The stock has a market capitalization of $198.39 million, a PE ratio of 0.39 and a beta of 1.24. The business has a 50-day moving average of $6.43 and a 200 day moving average of $7.51. B. Riley Financial has a fifty-two week low of $3.64 and a fifty-two week high of $11.24. 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 issued its quarterly earnings results on Thursday, August 6th. The asset manager reported $0.45 earnings per share (EPS) for the quarter. B. Riley Financial had a return on equity of 39,260.09% and a net margin of 35.88%. The firm had revenue of $239.36 million for the quarter.

B. Riley Financial Company Profile

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.