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) provides integrated financial solutions across investment banking, wealth management, and corporate advisory services. This dedicated news hub aggregates all essential updates about the company's operations, strategic initiatives, and market position.
Investors and analysts will find timely information on earnings announcements, mergers & acquisitions, leadership changes, and strategic partnerships. The curated collection includes press releases, regulatory filings, and third-party analysis to support informed decision-making.
Key coverage areas include capital market activities, restructuring developments, wealth management expansions, and financial consulting projects. Regular updates ensure stakeholders maintain current awareness of RILY's cross-platform initiatives in North American and European markets.
Bookmark this page for convenient access to verified RILY updates. Combine real-time alerts with historical context to track the company's evolving financial strategies and industry impact.
B. Riley Financial (NASDAQ: RILY) has announced an underwritten public offering of $150 million in senior notes due 2028, subject to market conditions. The company received a BBB+ investment grade rating from Egan-Jones Ratings Company. Proceeds will be used for general corporate purposes, including acquisitions, debt repayment, capital expenditures, and working capital. The offering is conducted under a previous shelf registration effective since January 28, 2021. Additional details will be available in a prospectus filed with the SEC.
B. Riley Financial (RILY) reported a net income of $73.9 million for Q2 2021, down 11% year-over-year, with total revenues of $336.8 million, up 26% year-over-year. Adjusted EBITDA stood at $124.9 million. The investment banking division led this growth, while the Wealth Management segment surged 362% year-over-year to $158.2 million in revenues. The company declared a $2.00 dividend per share, effective August 26, 2021. B. Riley aims to capitalize on market opportunities while enhancing recurring revenues.
B. Riley Securities will host a small-cap investor conference at the Proper Hotel in Santa Monica, California, on August 18-19, 2021. This event aims to connect institutional investors with senior management teams of selected companies, showcasing B. Riley's award-winning equity research. CEO Andy Moore emphasized the importance of live corporate access in a personal setting for effective networking. Featured companies include B. Riley Financial (RILY), AMC Entertainment, and Plug Power, among others. Participation is by invitation only for the firm's clients.
B. Riley Wealth Management has opened a new branch in Warrenton, Virginia, expanding its services in the Mid-Atlantic region. The branch offers a full suite of investment management and brokerage services, supported by a team of experienced financial advisors. This team previously managed over $335 million in client assets at BB&T Securities/Truist. The new branch enhances B. Riley's commitment to its client relationships and reflects the company's growth strategy in providing customized wealth management solutions.
B. Riley Financial (NASDAQ: RILY) announced a conference call scheduled for July 29, 2021, at 4:30 p.m. ET to discuss its Q2 2021 financial results. The financial results will be released shortly after market close on the same day. Co-CEOs Bryant Riley and Tom Kelleher, along with CFO Phillip Ahn, will host the call, including a question and answer segment. Investors can access the live broadcast and archived recording via the company’s investor relations website.
B. Riley Financial has announced cash dividends for its Preferred Stock, effective August 2, 2021. The 6.875% Series A Preferred Stock will pay a dividend of $0.42968750 per depositary share, while the 7.375% Series B will distribute $0.4609375 per depositary share. Both dividends are payable to holders on record as of July 21, 2021. Each depositary share corresponds to a fractional interest in a share with a liquidation preference of $25.00.
B. Riley Financial announced the full redemption of its 7.25% Senior Notes due 2027, totaling $122,793,450. The redemption will occur on July 26, 2021, at 100% of the principal amount along with accrued interest until the redemption date. Following the redemption, the Notes will be delisted from NASDAQ (ticker: 'RILYG') and will cease trading. Investors are advised to contact their brokers for details on the redemption payment. The company continues to provide financial solutions through its various subsidiaries.
B. Riley Principal 250 Merger Corp. (NASDAQ: BRIVU, RILY) announced that, starting June 28, 2021, holders of its units can trade shares of Class A common stock and warrants separately on Nasdaq under the symbols 'BRIV' and 'BRIVW.' Units that remain intact will continue to trade under 'BRIVU.' This allows for greater flexibility in trading for investors. The company aims to pursue a business combination with established enterprises valued between $800 million and $2 billion.
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