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B. Riley Financial, Inc. (NASDAQ: RILY) is a publicly traded, diversified financial services company that takes a collaborative approach to the capital raising and financial advisory needs of public and private companies, as well as high net worth individuals. The company operates through several wholly-owned subsidiaries, including B. Riley FBR, Inc., Wunderlich Securities, Inc., Great American Group, LLC, B. Riley Capital Management, LLC, which encompasses B. Riley Asset Management, B. Riley Wealth Management, and Great American Capital Partners, LLC. Additionally, B. Riley Principal Investments focuses on proprietary investments in other businesses, such as the acquisition of United Online, Inc.
The company's core segments include Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer products. B. Riley Financial offers a broad range of services including investment banking, financial consulting, asset disposition, valuation, and appraisal, catering to corporate, institutional, and high-net-worth clients across the United States, Canada, and Europe. Recent highlights include:
- Financial Performance: Preliminary unaudited financial results for the year ending December 31, 2023, indicate a strategic focus on core business growth and reducing dividend payouts to invest in business opportunities. The company reported a 36% increase in financial consulting revenues and an 86% rise in operating income for 2023.
- Strategic Initiatives: B. Riley has retained Moelis & Company as an independent financial advisor to review strategic alternatives for its appraisal and asset disposition businesses.
- Leadership: The recent addition of Virginia Schnippel as Managing Director to B. Riley Advisory Services highlights the company's commitment to expanding its advisory capabilities.
- Partnerships and Investments: The firm continues to make significant investments, such as funding the redevelopment of a recycling processing facility in New Jersey, and partnering with strategic investors to support environmental sustainability initiatives.
- Dividend Declaration: The Board of Directors announced a quarterly dividend of $0.50 per common share, emphasizing the company's commitment to shareholder value.
With an extensive portfolio of services and a proactive investment strategy, B. Riley Financial is positioned to provide comprehensive financial solutions tailored to the unique needs of its diverse client base. Visit www.brileyfin.com to learn more about their services.
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B. Riley Farber expands its Western Canada restructuring practice by hiring Ryan Adlington as the Senior Managing Director. With over 20 years of experience in restructuring and turnaround roles, Ryan will lead the firm's practice in Alberta, focusing on growth in Canada's Western region.
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Atlantic Coast Recycling announced the opening of its state-of-the-art recycling facility in Passaic, NJ, backed by a $47 million investment led by B. Riley Financial. The plant is equipped with advanced technology to process over 50 tons of recyclables per hour, serving residential and commercial clients in the Tri-State region and generating high-quality materials for manufacturers. The facility aims to streamline recycling operations, benefitting over 60 municipalities and approximately one million residents in northern New Jersey.
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B. Riley Financial, Inc. (RILY) announces cash dividends on its Preferred Stocks, with the 6.875% Series A dividend at $0.42968750 per depositary share and the 7.375% Series B dividend at $0.4609375 per depositary share.
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B. Riley Financial (Nasdaq: RILY) welcomes Virginia Schnippel as Managing Director in Chicago. Schnippel, with 23 years of experience, joins the Corporate Advisory & Valuation Services team, showcasing the company's commitment to top-tier expertise.
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B. Riley Financial, Inc. (RILY) received a delinquency notification letter from Nasdaq due to the delayed filing of its Annual Report. The Company's securities on Nasdaq are not immediately affected, but it must submit a plan to regain compliance within 60 days.
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B. Riley Securities announces sponsors for its Annual Institutional Investor Conference on May 22-23, 2024, featuring over 200 companies from various sectors. The event will host 1,000 attendees and offer networking opportunities through fireside discussions and panels.
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B. Riley Financial, Inc. announces the retention of Moelis & Company LLC as an independent financial advisor to explore strategic alternatives for its Appraisal and Valuation Services, and Retail, Wholesale & Industrial Solutions businesses. The businesses, collectively known as Great American Group, have shown significant revenue and operating income growth in fiscal year 2023. The potential sale or transaction could unlock greater value for shareholders.
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B. Riley Financial, Inc. (RILY) released preliminary unaudited financial results for the fourth quarter and full year ending December 31, 2023. Total revenues for Q4 2023 were $347 million with a net loss of $70 million. For the full year 2023, total revenues increased to $1.65 billion, but a net loss of $86 million was driven by a non-cash impairment charge. Operating adjusted EBITDA for the year was $368 million compared to $394 million in 2022.
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B. Riley Securities, a subsidiary of B. Riley Financial, will host a Radiopharma Investor Conference on March 1, 2024, in New York. The conference aims to showcase small and mid-cap companies specializing in life-saving radiotherapeutics and imaging agents. Industry experts will discuss clinical development, isotope manufacturing, drug development, and more.
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B. Riley Financial, Inc. affirms proper conduct in the management-led buyout of FRG. The Audit Committee's review found no involvement or knowledge of alleged misconduct by the Company or its executives. The Board reiterates confidence in the Company's integrity and commitment to shareholder interests.
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FAQ
What is the current stock price of B. RILEY FINANCIAL (RILY)?
The current stock price of B. RILEY FINANCIAL (RILY) is $4.72 as of November 15, 2024.
What is the market cap of B. RILEY FINANCIAL (RILY)?
The market cap of B. RILEY FINANCIAL (RILY) is approximately 150.0M.
What services does B. Riley Financial, Inc. provide?
B. Riley Financial offers a range of financial services including investment banking, financial consulting, asset disposition, valuation, and appraisal.
Who are B. Riley Financial's main clients?
The company serves corporate, institutional, and high-net-worth clients across the United States, Canada, and Europe.
What are the core business segments of B. Riley Financial?
The company operates through Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer products segments.
What recent strategic initiatives has B. Riley Financial undertaken?
The company has retained Moelis & Company to review strategic alternatives for its appraisal and asset disposition businesses.
Has B. Riley Financial declared any recent dividends?
Yes, the company declared a quarterly dividend of $0.50 per common share, payable on or about June 11, 2024.
What is B. Riley Financial's approach to investments?
B. Riley Financial makes proprietary investments in various businesses and has recently funded the redevelopment of a recycling processing facility in New Jersey.
How has B. Riley Financial performed financially in recent periods?
Preliminary unaudited results for the year ending December 31, 2023, show significant growth in financial consulting revenues and operating income.
What is the role of B. Riley Principal Investments?
B. Riley Principal Investments focuses on making proprietary investments in other businesses such as the acquisition of United Online, Inc.
Who recently joined B. Riley Advisory Services?
Virginia Schnippel joined as a Managing Director, bringing over 23 years of valuation experience to the Corporate Advisory & Valuation Services practice.
Where can I find more information about B. Riley Financial's services?
You can visit their official website at www.brileyfin.com to learn more about their services.
B. RILEY FINANCIAL, INC.
Nasdaq:RILY
RILY Rankings
RILY Stock Data
149.96M
30.30M
47.4%
33.01%
37.11%
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