RILY Stock Recent News

B.Riley (NASDAQ: RILY) stock price went through a major short-squeeze on Wednesday after the company published its delayed annual report. It also announced the outcome of a long-running independent probe about its operations and involvement with Brian Khan, a hedge fund manager who suffered substantial losses at Prophesy Asset Management.

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.

Short allegations against B. Riley Financial, Inc. lack substantive evidence and are not supported by fundamental analysis. B. Riley Financial has a strong track record as a distressed debt investor, consistently delivering high IRR through short-term transformational, restructuring, and bankruptcy loans. B. Riley's fixed income is backed by a highly stable operating business with contractual revenues.

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.

The bear-induced pullback of B. Riley Financial has created an opportunity to build a position in its preferred shares RILYP. Total cash and investments of $2.05 billion at the end of the recent third quarter provide a near-fortress balance sheet to meet the $2 million per quarterly preferred payments. Despite recent headwinds, RILY has a strong potential for recovery with a favorable outlook for profit growth on a Fed funds rate cut.

B. Riley Financial, Inc. stock has lost almost 60% of its value since its peak in July 2023. The company has strong balance sheet liquidity and easily manageable near-term debt maturities. Business conditions are improving, and recent insider buying suggests confidence in the stock.