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

B. Riley Financial, Inc. (NASDAQ:RILY) was the recipient of some unusual options trading activity on Monday. Stock investors bought 46,914 put options on the stock. This is an increase of approximately 86% compared to the average daily volume of 25,260 put options.

B. Riley Financial Stock Down 13.6 %

NASDAQ:RILY opened at $3.95 on Tuesday. The stock has a market cap of $119.67 million, a price-to-earnings ratio of -0.79 and a beta of 1.30. The company has a current ratio of 4.88, a quick ratio of 4.88 and a debt-to-equity ratio of 13.99. The stock has a 50-day moving average price of $5.04 and a two-hundred day moving average price of $8.09. B. Riley Financial has a 1 year low of $3.94 and a 1 year high of $40.09.

Institutional Trading of B. Riley Financial

Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in shares of B. Riley Financial by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 132,168 shares of the asset manager’s stock worth $2,331,000 after acquiring an additional 5,755 shares during the period. Texas Permanent School Fund Corp increased its holdings in B. Riley Financial by 88.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 26,774 shares of the asset manager’s stock worth $472,000 after purchasing an additional 12,545 shares in the last quarter. XTX Topco Ltd raised its stake in shares of B. Riley Financial by 26.4% in the 2nd quarter. XTX Topco Ltd now owns 19,523 shares of the asset manager’s stock valued at $344,000 after purchasing an additional 4,072 shares during the period. Inspire Investing LLC lifted its holdings in shares of B. Riley Financial by 17.4% in the second quarter. Inspire Investing LLC now owns 20,004 shares of the asset manager’s stock valued at $353,000 after purchasing an additional 2,968 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of B. Riley Financial during the second quarter worth about $254,000. 50.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of B. Riley Financial to a “sell” rating in a research report on Tuesday.

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.