B. Riley Financial Target of Unusually Large Options Trading (NASDAQ:RILY)

B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) was the recipient of some unusual options trading on Monday. Stock traders acquired 49,933 put options on the stock. This is an increase of approximately 53% compared to the average volume of 32,648 put options.

Analysts Set New Price Targets

Separately, StockNews.com raised B. Riley Financial to a "sell" rating in a research note on Saturday, September 28th.

B. Riley Financial Trading Down 12.1 %

NASDAQ:RILY traded down $0.59 during mid-day trading on Monday, hitting $4.28. The company had a trading volume of 4,150,308 shares, compared to its average volume of 1,952,482. B. Riley Financial has a fifty-two week low of $4.19 and a fifty-two week high of $43.41. The business's fifty day moving average is $8.20 and its two-hundred day moving average is $18.04. The company has a debt-to-equity ratio of 13.99, a quick ratio of 4.88 and a current ratio of 4.88. The firm has a market cap of $129.66 million, a P/E ratio of -0.85 and a beta of 1.29.

Institutional Investors Weigh In On B. Riley Financial

A number of hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in shares of B. Riley Financial during the 4th quarter valued at about $1,001,000. Virtu Financial LLC bought a new position in shares of B. Riley Financial during the 4th quarter valued at about $713,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of B. Riley Financial by 97.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 45,050 shares of the asset manager's stock valued at $946,000 after purchasing an additional 22,219 shares in the last quarter. Ridgewood Investments LLC lifted its holdings in shares of B. Riley Financial by 33.3% during the 1st quarter. Ridgewood Investments LLC now owns 19,489 shares of the asset manager's stock valued at $413,000 after purchasing an additional 4,866 shares in the last quarter. Finally, LexAurum Advisors LLC bought a new position in shares of B. Riley Financial during the 1st quarter valued at about $608,000. Institutional investors and hedge funds 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, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.