RILY Stock Recent News

These Nasdaq stocks offer ultra-high forward dividend yields of between 18% and 33%. All three stocks are down year to date, with two experiencing major declines.

B. Riley Financial Inc.'s stock rallied 33% on Wednesday, after Bloomberg reported the financial-services company is in exclusive talks to sell a majority stake in its Great American Group unit to Oaktree Capital Management.

Asset manager Oaktree Capital is in exclusive talks to acquire a majority stake in two businesses owned by investment bank B. Riley , Bloomberg News reported on Wednesday.

LOS ANGELES , Aug. 16, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") announced that its Board of Directors has received an unsolicited preliminary, non-binding letter of proposal, dated August 16, 2024, from the Company's founder, chairman and co-CEO, Bryant Riley, to acquire the outstanding shares of the Company not currently owned by Mr.

The take-private bid comes after several months of turmoil stemming from the bank's association with Vitamin Shoppe-owner Franchise Group, which attracted scrutiny from investors and regulators.

B. Riley Financial Inc.'s stock rallied 26% on Friday after Bryant R. Riley, the founder, chairman, co-chief executive and largest shareholder of the troubled investment bank, made an offer to buy the stock he doesn't already own for $7 a share.

Since my 'Strong Sell' view on B Riley and all its related securities, the common stock has fallen 64% and other security classes too have fallen more than 20%. The hierarchy of returns across B Riley's security classes has also played out as per my expectations, with shorter maturity duration, lower yield securities doing better. B Riley's balance sheet has gotten far worse due to large asset writedowns that, I believe, have eradicated more than 80% of goodwill, validating my earlier approaches to value appraisal.

B. Riley Financial Inc (NASDAQ:RILY ) Q2 2024 Results Conference Call August 12, 2024 8:30 AM ET Company Participants Bryant Riley - Co-Founder, Chairman & Co-CEO Operator Good morning, and welcome to the B. Riley Financial Investor Call.

The feds have widened a probe of financial irregularities at B. Riley, sources told The Post -- even as the struggling Wall Street firm suspended its dividend and warned on profits Monday, sending its stock tumbling more than 50%.

David Voreacos, Bloomberg Legal Reporter, discusses a widening US investigation into B. Riley Financial on Bloomberg Intelligence.