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

Key Points

• Investors purchased an unusually high volume of 37,945 call options for B. Riley Financial, marking a 209% increase compared to the typical trading volume.
• B. Riley Financial stock experienced an increase of 12.7%, reaching $6.29, with over 2.3 million shares traded, significantly higher than its average volume.
• Institutional ownership of B. Riley Financial has risen, with several significant investors, including Charles Schwab and Federated Hermes, increasing their stakes in the company.

B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) was the recipient of some unusual options trading on Monday. Stock investors purchased 37,945 call options on the stock. This represents an increase of approximately 209% compared to the typical daily volume of 12,270 call options.

B. Riley Financial Price Performance

NASDAQ RILY traded down $0.20 on Wednesday, hitting $5.31. 808,547 shares of the company's stock were exchanged, compared to its average volume of 1,541,092. The firm's 50-day moving average price is $3.69 and its two-hundred day moving average price is $3.86. B. Riley Financial has a fifty-two week low of $2.67 and a fifty-two week high of $20.36. The firm has a market cap of $161.96 million, a price-to-earnings ratio of -0.19 and a beta of 1.43.

Institutional Investors Weigh In On B. Riley Financial

Institutional investors have recently modified their holdings of the company. Vident Advisory LLC purchased a new stake in shares of B. Riley Financial during the 1st quarter worth approximately $41,000. Wells Fargo & Company MN raised its position in shares of B. Riley Financial by 44.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager's stock worth $44,000 after purchasing an additional 2,952 shares during the last quarter. Toronto Dominion Bank raised its position in shares of B. Riley Financial by 666,766.7% during the 4th quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager's stock worth $92,000 after purchasing an additional 20,003 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of B. Riley Financial during the 1st quarter worth approximately $232,000. Finally, Bank of New York Mellon Corp raised its position in shares of B. Riley Financial by 7.5% during the 1st quarter. Bank of New York Mellon Corp now owns 61,374 shares of the asset manager's stock worth $238,000 after purchasing an additional 4,267 shares during the last quarter. Hedge funds and other institutional investors own 50.20% of the company's stock.

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.