Traders Buy High Volume of B. Riley Financial Put Options (NASDAQ:RILY)

B. Riley Financial, Inc. (NASDAQ:RILY) was the recipient of unusually large options trading on Monday. Investors acquired 38,175 put options on the company. This is an increase of approximately 58% compared to the average volume of 24,087 put options.

Analyst Upgrades and Downgrades

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

B. Riley Financial Trading Down 11.4 %

Shares of RILY opened at $7.22 on Wednesday. The firm’s 50-day moving average is $18.17 and its two-hundred day moving average is $21.68. B. Riley Financial has a twelve month low of $6.89 and a twelve month high of $52.74. 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 firm has a market capitalization of $218.73 million, a P/E ratio of -1.44 and a beta of 1.32.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings results on Wednesday, May 15th. The asset manager reported ($1.71) EPS for the quarter. The firm had revenue of $343.03 million for the quarter. B. Riley Financial had a negative return on equity of 25.84% and a negative net margin of 9.28%.

Institutional Investors Weigh In On B. Riley Financial

Several institutional investors have recently modified their holdings of the company. Ensign Peak Advisors Inc purchased a new stake in shares of B. Riley Financial during the 2nd quarter worth approximately $190,000. Intech Investment Management LLC purchased a new stake in shares of B. Riley Financial during the 2nd quarter worth approximately $254,000. Inspire Investing LLC lifted its stake in B. Riley Financial by 17.4% in the 2nd quarter. Inspire Investing LLC now owns 20,004 shares of the asset manager’s stock valued at $353,000 after buying an additional 2,968 shares in the last quarter. XTX Topco Ltd lifted its stake in 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 buying an additional 4,072 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its stake in B. Riley Financial by 88.2% in the 2nd quarter. Texas Permanent School Fund Corp now owns 26,774 shares of the asset manager’s stock valued at $472,000 after buying an additional 12,545 shares in the last quarter. Hedge funds and other institutional investors 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.