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

B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) was the target of unusually large options trading on Tuesday. Stock traders purchased 49,295 put options on the stock. This is an increase of 54% compared to the average daily volume of 31,993 put options.Get B. Riley Financial alerts:Institutional Trading of B. Riley FinancialBreakout Watch: Sonic Automotive, B. Riley Financial, TC PipeLinesHedge funds and other institutional investors have recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. purchased a new position in B. Riley Financial during the 4th quarter worth approximately $29,000. Public Sector Pension Investment Board grew its position in shares of B. Riley Financial by 5.0% during the second quarter. Public Sector Pension Investment Board now owns 36,008 shares of the asset manager's stock worth $635,000 after acquiring an additional 1,729 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of 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 acquiring an additional 2,968 shares during the period. XTX Topco Ltd raised its position 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 purchasing an additional 4,072 shares during the last quarter. Finally, Ridgewood Investments LLC boosted its stake in B. Riley Financial by 33.3% during the 1st quarter. Ridgewood Investments LLC now owns 19,489 shares of the asset manager's stock worth $413,000 after purchasing an additional 4,866 shares during the period. Institutional investors and hedge funds own 50.20% of the company's stock. B. Riley Financial Trading Down 4.1 %Shares of B. Riley Financial stock opened at $5.96 on Tuesday. 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 company has a fifty day simple moving average of $15.30 and a 200-day simple moving average of $20.73. The stock has a market cap of $180.56 million, a price-to-earnings ratio of -1.19 and a beta of 1.32. B. Riley Financial has a 12-month low of $4.51 and a 12-month high of $52.74. Analysts Set New Price TargetsSeparately, StockNews.com raised B. Riley Financial to a "sell" rating in a report on Wednesday, August 14th.Get Our Latest Analysis on RILYB. 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.Further ReadingFive stocks we like better than B. Riley FinancialLearn Technical Analysis Skills to Master the Stock MarketWhy the Buy-and-Hold Strategy May Be Best for Most Investors Insider Selling Explained: Can it Inform Your Investing Choices?Eli Lilly’s Path to the Next Trillion Market Capitalization What Are Dividend Contenders? Investing in Dividend ContendersMobileye Global: CEO Makes $10 Million Bet on Future StrengthThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ “A very dark day is coming to America” (From InvestorPlace) (Ad)Should you invest $1,000 in B. Riley Financial right now?Before you consider B. Riley Financial, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and B. Riley Financial wasn't on the list.While B. Riley Financial currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here