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

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

Hedge Funds Weigh In On B. Riley Financial

A number of hedge funds have recently bought and sold shares of RILY. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of B. Riley Financial during the 3rd quarter worth approximately $29,000. FMR LLC lifted its stake in shares of B. Riley Financial by 1,085.3% in the third quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock worth $53,000 after acquiring an additional 9,225 shares during the period. Point72 DIFC Ltd acquired a new position in shares of B. Riley Financial in the 3rd quarter worth approximately $70,000. Sanctuary Advisors LLC acquired a new stake in shares of B. Riley Financial during the third quarter worth $100,000. Finally, Ariadne Wealth Management LP bought a new position in B. Riley Financial during the second quarter worth $103,000. 50.20% of the stock is owned by institutional investors.

B. Riley Financial Stock Performance

Shares of RILY traded down $0.62 during mid-day trading on Monday, reaching $3.95. The company’s stock had a trading volume of 1,703,012 shares, compared to its average volume of 818,735. 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 market cap of $119.67 million, a P/E ratio of -0.79 and a beta of 1.30. B. Riley Financial has a 1-year low of $3.94 and a 1-year high of $40.09. The business has a 50-day simple moving average of $5.04 and a two-hundred day simple moving average of $8.09.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of B. Riley Financial to a “sell” rating in a research note on Wednesday, December 25th.

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.