Welcome to our dedicated page for B. Riley Financial news (Ticker: RILY), a resource for investors and traders seeking the latest updates and insights on B. Riley Financial stock.
B. Riley Financial, Inc. (NASDAQ: RILY) provides integrated financial solutions across investment banking, wealth management, and corporate advisory services. This dedicated news hub aggregates all essential updates about the company's operations, strategic initiatives, and market position.
Investors and analysts will find timely information on earnings announcements, mergers & acquisitions, leadership changes, and strategic partnerships. The curated collection includes press releases, regulatory filings, and third-party analysis to support informed decision-making.
Key coverage areas include capital market activities, restructuring developments, wealth management expansions, and financial consulting projects. Regular updates ensure stakeholders maintain current awareness of RILY's cross-platform initiatives in North American and European markets.
Bookmark this page for convenient access to verified RILY updates. Combine real-time alerts with historical context to track the company's evolving financial strategies and industry impact.
B. Riley Wealth Management, a subsidiary of B. Riley Financial (NASDAQ: RILY), has announced the hiring of Eve Glatt and Maurice Onyuka as Senior Portfolio Managers. Previously Co-Heads of U.S. Equities at UBP Asset Management, they will continue to manage the UBAM - US Equity Growth sub-fund with assets over $215 million. CEO Chuck Hastings emphasized the strategic partnership with UBP, marking a continued expansion for B. Riley. Glatt and Onyuka bring over 45 years of combined investment management experience to their new roles.
B. Riley Financial (NASDAQ: RILY) will hold a conference call on May 3, 2021 at 4:30 p.m. ET to discuss its Q1 2021 financial results. Results will be released shortly after market close before the call. The conference will feature Co-CEOs Bryant Riley and Tom Kelleher, along with CFO Phillip Ahn. Investors can access the live broadcast and archived recordings on B. Riley's investor relations website.
B. Riley Financial (RILY) will join the S&P SmallCap 600 index effective April 15, 2021. This comes as The Michaels Companies (MIK) is set to be acquired by Apollo Global Management, leading to its removal from the index. The changes will take effect prior to the market opening on the specified date. This realignment reflects ongoing adjustments in the marketplace and could present new investment opportunities for shareholders of B. Riley Financial.
B. Riley Financial (NASDAQ: RILY) announced cash dividends for its preferred stocks, with the 6.875% Series A paying $0.42968750 and the 7.375% Series B paying $0.4609375 per depositary share. The dividends will be payable on April 30, 2021, to holders of record as of April 20, 2021. Each depositary share has a liquidation preference of $25.00. These dividends reflect the company's ongoing financial commitment to its shareholders.
B. Riley Principal 150 Merger Corp. (Nasdaq: BRPMU) announced that starting April 9, 2021, holders of its Units can separately trade shares of its Class A common stock (symbol: BMPM) and Warrants (symbol: BRPMW). The Units that are not separated will continue trading under the symbol BRPMU. The announcement aims to improve liquidity for investors. The offering was previously made only through a prospectus from B. Riley Securities, indicating compliance with securities regulations.
B. Riley Financial announced the closing of an underwritten public offering of 5.50% senior notes due 2026 totaling approximately $159.5 million, which includes $9.5 million from additional notes exercised by underwriters. The net proceeds are estimated at $154.5 million, primarily to redeem existing 7.25% Senior Notes due 2027 and for general corporate purposes, including acquisitions and working capital. The notes will trade under the symbol RILYK.
B. Riley Financial (NASDAQ: RILY) has priced an underwritten public offering of $150 million in 5.50% senior notes due 2026, with a 30-day option for underwriters to purchase an additional $22.5 million. The offering is set to close on March 29, 2021. The senior notes received a BBB+ investment grade rating from Egan-Jones Ratings Company. Proceeds exceeding $100 million will be used primarily for redeeming existing 7.25% Senior Notes due 2027 and for corporate purposes like acquisitions and debt repayment.
B. Riley Financial (NASDAQ: RILY) announced an underwritten public offering of $125 million in senior notes due 2026. The offering is subject to market conditions and includes a potential 30-day option for underwriters to purchase additional notes. Both the company and these notes received an investment grade rating of BBB+ from Egan-Jones Ratings. Proceeds exceeding $100 million will be used to redeem existing senior notes and for general corporate purposes, including acquisitions and debt repayment.
B. Riley Financial (NASDAQ: RILY) announced preliminary estimates for its operating adjusted EBITDA for Q1 2021, projecting it to be between $105 million and $115 million, a nearly 50% increase from $70.9 million in Q1 2020. The strong performance is attributed to growth in capital markets and advisory services, bolstered by the acquisition of National Holdings. The company warns that actual results may vary due to market conditions affecting its investment portfolio. Investors should be cautious as the forecast is speculative and contingent upon various factors.
B. Riley Financial (NASDAQ: RILY) announced the appointment of Martin Bernstein as Head of Private Investments. Bernstein will oversee investment sourcing, underwriting, and management of private company investments. The firm, with about $1.3 billion in cash and investments as of December 31, 2020, aims to enhance its investment strategy by expanding beyond public companies. Bernstein brings extensive experience in credit and equity markets, having worked at Anchorage Capital Group and other notable firms. His role will strengthen B. Riley's relationships with syndication partners.
