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B. Riley Financial Inc - RILY STOCK NEWS

Welcome to our dedicated news page for B. Riley Financial (Ticker: RILY), a resource for investors and traders seeking the latest updates and insights on B. Riley Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect B. Riley Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of B. Riley Financial's position in the market.

News
B. Riley Leads Financing for Management Buyout of Franchise Group
Rhea-AI Summary
B. Riley Financial invests $216.5 million in $2.8 billion management-led acquisition of Franchise Group, Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.46%
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none
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News
B. Riley Financial Reports Second Quarter 2023 Results; Quarterly Dividend of $1.00 per share Payable August 21, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.35%
Tags
dividends earnings
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News
B. Riley Financial Affiliate Retained to Lead Store Rationalization for SALAMANDER
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
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none
News
B. Riley Financial to Release Second Quarter 2023 Results on August 9, 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
Tags
earnings
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News
B. Riley Financial Closes $115 Million Common Stock Offering Including Full Exercise of Underwriter Option
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
B. Riley Financial Announces Pricing of $100 Million Common Stock Offering
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
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none
News
B. Riley Financial Announces Preliminary Second Quarter 2023 Results and Guidance for Third Quarter 2023; Declares $1.00 Dividend
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
Tags
dividends earnings
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News
B. Riley Financial Announces Proposed Public Offering of Common Stock
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
Tags
offering
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News
B. Riley Acquires Litigation Consulting and Forensic Accounting Firm, Crawford & Winiarski
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
Tags
acquisition
News
B. Riley Financial Declares Preferred Stock Dividends
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
Tags
dividends
Stock RILY logo
B. Riley Financial Inc

Nasdaq:RILY

RILY Rankings

#2372 Ranked by Market Cap
#2790 Ranked by Stock Gains
#520 Ranked by Dividends

RILY Stock Data

650.50M
16.01M
46.39%
50.78%
40.09%
Investment Banking and Securities Dealing
Finance and Insurance
Link
United States
Los Angeles

About RILY

b. riley financial, inc. is a publicly traded, diversified financial services company which takes a collaborative approach to the capital raising and financial advisory needs of public and private companies and high net worth individuals. the company operates through several wholly-owned subsidiaries, including b. riley fbr, inc. (www.brileyfbr.com), wunderlich securities, inc. (www.wunderlichonline.com), great american group, llc (www.greatamerican.com), b. riley capital management, llc (which includes b. riley asset management (www.brileyam.com), b. riley wealth management (www.brileywealth.com), and great american capital partners, llc (www.gacapitalpartners.com)) and b. riley principal investments, a group that makes proprietary investments in other businesses, such as the acquisition of united online, inc. learn more about us and our services at www.brileyfin.com.