B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) saw unusually large options trading on Wednesday. Stock traders bought 54,698 call options on the company. This is an increase of approximately 172% compared to the average volume of 20,144 call options.
B. Riley Financial Trading Up 4.2 %
Shares of NASDAQ RILY traded up $0.26 during mid-day trading on Friday, reaching $6.39. 7,199,789 shares of the company's stock were exchanged, compared to its average volume of 2,588,532. The firm has a market capitalization of $194.88 million, a price-to-earnings ratio of -0.31 and a beta of 1.30. The business has a fifty day simple moving average of $4.60 and a 200 day simple moving average of $5.13. B. Riley Financial has a twelve month low of $2.73 and a twelve month high of $40.09.
B. Riley Financial (NASDAQ:RILY - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The asset manager reported ($4.97) EPS for the quarter. The business had revenue of $199.31 million for the quarter. B. Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%.
Institutional Investors Weigh In On B. Riley Financial
A number of hedge funds and other institutional investors have recently bought and sold shares of RILY. Straight Path Wealth Management raised its position in B. Riley Financial by 30.0% in the 3rd quarter. Straight Path Wealth Management now owns 84,500 shares of the asset manager's stock valued at $444,000 after buying an additional 19,500 shares during the last quarter. FMR LLC raised its position in B. Riley Financial by 1,085.3% in the 3rd quarter. FMR LLC now owns 10,075 shares of the asset manager's stock valued at $53,000 after buying an additional 9,225 shares during the last quarter. BNP Paribas Financial Markets raised its position in B. Riley Financial by 136.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager's stock valued at $114,000 after buying an additional 12,557 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in B. Riley Financial in the third quarter valued at approximately $29,000. Finally, Point72 DIFC Ltd bought a new position in B. Riley Financial in the third quarter valued at approximately $70,000. Institutional investors and hedge funds own 50.20% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised B. Riley Financial to a "sell" rating in a research report on Monday, February 24th.
View Our Latest Stock Analysis on RILY
B. Riley Financial Company Profile
(
Get Free Report)
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.
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