Profile
Sector:
Financial ServicesIndustry:
Financial ConglomeratesCountry:
United StatesIPO:
13 August 2007Website:
http://www.brileyfin.comNext earnings report:
09 August 2024Last dividends:
23 May 2024Next dividends:
N/APrice
after hours | 114 min agoAnalysts recommendations
Institutional Ownership
RILY Latest News
The B. Riley Financial (NASDAQ: RILY) stock price has been one of the worst performers in the financial services industry this year. It has crashed by over 16.8% this year while the S&P 500 and Nasdaq 100 indices have jumped by more than 14% and are sitting at their all-time highs.
SAN DIEGO, June 17, 2024 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NASDAQ: RILY shares. Investors who purchased shares of B.
My last assessments on B. Riley (initially Strong Sell, then 'Neutral/Hold' to protect against a short squeeze) were accurate, generating +6.42% of value. Two quarters later, B. Riley's core operating profitability has worsened, leading to an erosion of ROIC. It has a negative net interest coverage and its debt coverage ratios have spiked. All this is leading to a bleed of excess liquidity in the company, which has fallen 25% over the last 2 quarters.
B. Riley Financial, Inc. (NASDAQ:RILY) Q1 2024 Earnings Conference Call on May 15, 2024 at 4:30 PM ET, with company participants including Bryant Riley, Phillip Ahn, and Tom Kelleher. Conference call participants included Sean Haydon, Paul Dwyer, and Robert Heimowitz. The operator welcomed everyone to B. Riley Financial's First Quarter 2024 Earnings Call.
B. Riley's delayed filing of its 10-K raises concerns, but the company has a reasonable explanation and the filing is expected soon. The company's involvement with Brian Kahn and FRG has caused controversy, but there is no evidence of wrongdoing on B. Riley's part. The potential asset sales of Great American and the value of FRG's businesses could generate significant value for B. Riley.
B. Riley received an extension from Nomura to file its audited results under its existing credit agreement. The firm has come under fire over delays in filing its latest audited annual results amid an internal review over its relationship with Brian Kahn.
B. Riley Financial (NASDAQ: RILY ) stock is falling on Monday after the company delayed its Form 10-K for 2023. A Form 12b-25 filing with the Securities and Exchange Commission (SEC) reveals that the company couldn't have the filing ready by the Feb. 29 cutoff date.
B. Riley Financial made moves to start repurchasing its debt at currently attractive discounts by cutting its quarterly dividend by 50%. RILYZ currently offers a near-10% yield on cost at a 45% discount to their $25 per note liquidation value. The investment bank held cash and equivalents at the end of its recent fourth quarter of $232 million and has launched a strategic review for its Great American Group business.
B. Riley's Flagship Conference Will Gather 200 Public and Privately Held Companies Across Variety of Industry Sectors on May 22-23, 2024 LOS ANGELES , March 7, 2024 /PRNewswire/ -- B. Riley Securities ("B.
LOS ANGELES, Feb. 26, 2024 /PRNewswire/ -- B. Riley Securities , a leading middle market brokerage and investment bank, and subsidiary of B.
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What type of business is B Riley Financial?
B. Riley Financial, Inc., through its subsidiaries, provides investment banking and financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates in six segments: Capital Markets, Wealth Management, Auction and Liquidation, Financial Consulting, Principal InvestmentsCommunications, and Brands. The Capital Markets segments offers investment banking, corporate finance, financial advisory, research, securities lending and sales, and trading services; merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements services; asset management services; and trades in equity securities. The Wealth Management segment provides wealth management and tax services. The Auction and Liquidation Segment offers retail store liquidation, and wholesale and industrial assets disposition services. The Financial Consulting segment provides bankruptcy, forensic accounting, litigation support, operations management and real estate consulting, and valuation and appraisal services. The Principal InvestmentsCommunications segment provides consumer Internet access through United Online under the NetZero and Juno brands; VoIP communication and related products, and subscription services through magicJack; and mobile phone services and devices through Marconi Wireless. The Brands segments provides licensing of a brand investment portfolio, including Catherine Malandrino, English Laundry, Joan Vass, Kensie Girl, Limited Too, and Nanette Lepore. It also offers advisory services; brokerage services; senior secured and second lien secured loans to middle market public and the private U.S. companies; and consulting services. The company was formerly known as Great American Group, Inc. and changed its name to B. Riley Financial, Inc. in November 2014. The company was founded in 1973 and is headquartered in Los Angeles, California.
What sector is B Riley Financial in?
B Riley Financial is in the Financial Services sector
What industry is B Riley Financial in?
B Riley Financial is in the Financial Conglomerates industry
What country is B Riley Financial from?
B Riley Financial is headquartered in United States
When did B Riley Financial go public?
B Riley Financial initial public offering (IPO) was on 13 August 2007
What is B Riley Financial website?
https://www.brileyfin.com
Is B Riley Financial in the S&P 500?
No, B Riley Financial is not included in the S&P 500 index
Is B Riley Financial in the NASDAQ 100?
No, B Riley Financial is not included in the NASDAQ 100 index
Is B Riley Financial in the Dow Jones?
No, B Riley Financial is not included in the Dow Jones index
When does B Riley Financial report earnings?
The next expected earnings date for B Riley Financial is 09 August 2024