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B. RILEY FINANCIAL, INC. - RILY STOCK NEWS

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) 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.

News

B. Riley and Capital Recovery Group to Conduct a Series of Sales Across Multiple Locations on behalf of The AMES Companies

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Griffon Corporation (NYSE: GFF) and B. Riley Financial, Inc. (Nasdaq: RILY) are offering complete wood mills for sale, including real estate and plant machinery in Pennsylvania and Iowa. The assets being auctioned include injection molding, CNC, stamping, and fabrication equipment, as well as plant support assets. The auctions are part of the global sourcing strategy expansion of The AMES Companies, a subsidiary of Griffon Corporation, and will provide manufacturers with the opportunity to acquire top-tier equipment and operational sawmill facilities ready for production.
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B. Riley Financial Reports Third Quarter 2023 Results; Declares Quarterly Dividend of $1.00 per share

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B. Riley Financial, Inc. (NASDAQ: RILY) authorizes a $50 million annual share repurchase plan after reporting record total revenues of $462.3 million in Q3, up 48% year-over-year. Despite a net loss of $75.8 million in Q3, the company's strong balance sheet with total cash and investments of $2.05 billion at September 30 positions it well for future opportunities.
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B. Riley Financial Reschedules Third Quarter 2023 Earnings Release Date to Wednesday November 8, 2023

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B. Riley Financial, Inc. (Nasdaq: RILY) has rescheduled its Q3 2023 earnings release and investor call to November 8, 2023, with the call scheduled for 8:30 AM ET. The call will feature a review of the financial results by Chairman and Co-CEO Bryant Riley, Co-CEO Tom Kelleher, and CFO and COO Phillip Ahn.
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B. Riley Financial to Release Third Quarter 2023 Results on November 9, 2023

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B. Riley Financial, Inc. (Nasdaq: RILY) will release its financial results for the third quarter ended September 30, 2023 after market close on Thursday, November 9, 2023. The company will host a conference call at 4:30 p.m. ET on the same day to discuss these financial results. The call will be followed by a question-and-answer period hosted by the Co-Chief Executive Officers and CFO/COO. The live audio webcast can be accessed from the company's investor relations website, and an audio recording will be available for replay until November 23, 2023. Supplemental investor materials will also be available prior to the webcast.
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Store Closing Sales Begin at Home Décor and Furniture Retailer, Z Gallerie

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Store closing sales have begun at Z Gallerie retail locations nationwide. B. Riley Retail Solutions, LLC, a subsidiary of B. Riley Financial, Inc., is operating the sale in connection with the Chapter 11 bankruptcy of DirectBuy Home Improvement, Inc. Starting discounts of up to 40% apply to all in-store merchandise. Returns on items purchased after October 24, 2023, will not be accepted. Z Gallerie gift cards can be used until November 15, 2023.
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bebe stores, inc. Announces the Completion of B. Riley’s Purchase of 3.7 million bebe Shares from bebe Founder Manny Mashouf

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bebe stores, inc. announces closing of $18.5 million purchase of 3.7 million common shares by B. Riley Financial Inc.
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B. Riley Financial Declares Preferred Stock Dividends

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B. Riley Financial declares cash dividends on its Preferred Stock
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bebe stores, inc. Announces B. Riley’s Agreement to Purchase 3.7M bebe shares from Founder Manny Mashouf

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B. Riley to acquire 3.7 million common shares of bebe at $5.00 per share for a total purchase price of $18.5 million, increasing its total holdings to approximately 76%.
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B. Riley Financial Increases Investment in bebe

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B. Riley to purchase 3.7 million shares of bebe stores, inc. from founder Manny Mashouf
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B. Riley Adds Experienced Consumer Investment Banker, Michael Devitt, as Managing Director

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B. Riley Securities adds Michael Devitt as a Managing Director in their Consumer Investment Banking group.
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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 $4.85 as of December 24, 2024.

What is the market cap of B. RILEY FINANCIAL (RILY)?

The market cap of B. RILEY FINANCIAL (RILY) is approximately 146.9M.

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.

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B. RILEY FINANCIAL, INC.

Nasdaq:RILY

RILY Rankings

#4142 Ranked by Market Cap
#4 Ranked by Dividends

RILY Stock Data

146.93M
15.87M
47.4%
27.52%
33.95%
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