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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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Nasdaq: RILY - B. Riley Financial, Inc. is assisting in the restructuring and store rationalization of Salamander, a leading European shoe retailer, in Germany, Hungary, and Austria. GA Europe, a subsidiary of B. Riley Retail Solutions, is managing the sale of approximately €30 million in inventory across 77 Salamander and Klauser stores in Germany, as well as leading clearance sales and the wind down of stores in Austria and Hungary.
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B. Riley Financial, Inc. (Nasdaq: RILY) will release its Q2 2023 financial results on August 9, 2023, followed by an investor call at 4:30 p.m. ET. The call will feature Co-Chief Executive Officers Bryant Riley and Tom Kelleher, as well as CFO and COO Phillip Ahn. The live webcast can be accessed on the company's investor relations website, with a replay available until August 23, 2023.
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B. Riley Financial, Inc. has closed its underwritten public offering, raising approximately $115 million in gross proceeds. The offering consisted of 2,090,909 shares of common stock, including additional shares from the underwriter's option. Net proceeds to the company amounted to approximately $108.7 million. The funds will be used for general corporate purposes, including acquisitions, investments, debt repayment, and working capital.
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B. Riley Financial, Inc. (NASDAQ: RILY) announces a public offering of 1,818,182 shares of common stock at $55.00 per share, with expected gross proceeds of approximately $100 million. Certain officers, directors, and employees will purchase around $7 million of shares at the public offering price. The offering is expected to close on July 28, 2023.
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B. Riley Financial, Inc. (NASDAQ: RILY) announces strong preliminary unaudited financial results for Q2 2023 and guidance for Q3 2023. Total revenues, net income, and operating adjusted EBITDA estimates are provided, showcasing positive momentum and a robust platform strategy. Chairman Bryant Riley anticipates exceeding the $105 million operating adjusted EBITDA estimate, with immediate liquidity of over $500 million and plans for capital deployment.
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B. Riley Financial, Inc. has announced a $100 million underwritten public offering of its common stock. The underwriter has a 30-day option to purchase additional shares. Co-CEOs Bryant R. Riley and Tom Kelleher plan to purchase up to $4.5 million of shares. The net proceeds will be used for general corporate purposes and potential acquisitions and investments.
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B. Riley Financial, Inc. (Nasdaq: RILY) has acquired Crawford & Winiarski, a boutique forensic accounting and litigation consulting firm based in Detroit, Michigan. The acquisition adds expertise in accounting, financial and economic analyses, as well as expert witness testimony experience to B. Riley Advisory Services. The addition of Crawford & Winiarski is part of B. Riley's strategy to grow its financial consulting business. Financial terms of the transaction were not disclosed.
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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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