B. Riley Financial Inc. (RILY): Comprehensive Guide
What is B. Riley Financial Inc.?
B. Riley Financial Inc. (RILY) is a diversified financial services company providing investment banking, wealth management, and financial advisory services.
Key Facts
- Headquarters: Los Angeles, California
- Founded: 1997
- CEO: Bryant Riley
- Revenue: $916.4 million (2021)
- Ticker Symbol: RILY (Nasdaq)
Services Offered
RILY's services include:
Investment Banking
- Mergers and acquisitions
- Capital raisings
- Restructuring
Wealth Management
- Wealth planning
- Investment management
- Estate planning
Financial Advisory
- M&A advisory
- Due diligence
- Valuation
Financial Performance
RILY's financial performance has been solid:
- Revenue growth: 4.6% CAGR over the past 5 years
- Net income growth: 12.5% CAGR over the past 5 years
- Diluted EPS growth: 10.9% CAGR over the past 5 years
Recent News and Events
In August 2023, RILY delayed the release of its quarterly report. This led to a 10.6% drop in its premarket stock price.
The company is also facing an SEC investigation related to its accounting practices.
Conclusion
B. Riley Financial Inc. is a diversified financial services company with a solid track record of financial performance. However, recent events have cast a shadow over the company.
Investors should carefully consider the potential risks and rewards before investing in RILY.
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