Traders Purchase High Volume of B. Riley Financial Call Options (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) saw unusually large options trading on Monday. Investors acquired 37,945 call options on the stock. Thisisanincreaseofapproximately209% compared to the average volume of 12,270 call options.

Institutional Investors Weigh In On B. Riley Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in shares of B. Riley Financial by 110.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 417,155 shares of the asset manager's stock valued at $1,614,000 after acquiring an additional 219,114 shares in the last quarter. Invesco Ltd. raised its position in B. Riley Financial by 4.6% in the 1st quarter. Invesco Ltd. now owns 161,794 shares of the asset manager's stock valued at $626,000 after purchasing an additional 7,160 shares during the last quarter. Federated Hermes Inc. lifted its position in B. Riley Financial by 87.5% during the 1st quarter. Federated Hermes Inc. now owns 101,113 shares of the asset manager's stock worth $391,000 after buying an additional 47,187 shares in the last quarter. Straight Path Wealth Management lifted its position in shares of B. Riley Financial by 12.2% during the first quarter. Straight Path Wealth Management now owns 93,500 shares of the asset manager's stock worth $362,000 after purchasing an additional 10,200 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of B. Riley Financial by 7.5% during the first 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 in the last quarter. Institutional investors own 50.20% of the company's stock.

B. Riley Financial Price Performance

Shares of RILY traded down $0.27 on Friday, reaching $5.10. 798,457 shares of the stock traded hands, compared to its average volume of 1,501,489. The stock's 50-day moving average price is $3.79 and its 200-day moving average price is $3.88. The firm has a market cap of $155.55 million, a price-to-earnings ratio of -0.18 and a beta of 1.43. B. Riley Financial has a 12 month low of $2.67 and a 12 month high of $18.78.

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.