Triple Moving Average Crossover
|Bid||18.53 x 900|
|Ask||20.02 x 800|
|Day's Range||19.51 - 19.64|
|52 Week Range||12.94 - 30.17|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 11, 2020|
|Forward Dividend & Yield||1.00 (5.39%)|
|Ex-Dividend Date||May 29, 2020|
|1y Target Est||1.50|
B. Riley Principal Merger Corp. II (NYSE: BMRG.U) (the "Company"), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (Nasdaq: RILY), today announced it closed its initial public offering of 17,500,000 units at $10.00 per unit, resulting in gross proceeds of $175 million.
B. Riley Principal Merger Corp. II (the "Company"), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (Nasdaq: RILY), today announced the pricing of its initial public offering of 17,500,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange ("NYSE") and trade under the ticker symbol "BMRG.U" beginning on May 20, 2020.
B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley") and subsidiary B. Riley Capital Management, LLC, a shareholder of Spok Holdings, Inc. (NASDAQ:SPOK) ("Spok" or the "Company"), today announced that it has sent the following letter to Spok's Board of Directors after market close on May 18, 2020.
Earlier today, B. Riley issued a press release and a presentation detailing its financial results. Joining us today are Bryant Riley, Chairman and Co-CEO; Tom Kelleher, Co-CEO; and Phillip Ahn, CFO and COO. Mr. Riley, please proceed.
B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company") today announced results for the first quarter ended March 31, 2020.
If you own shares in B. Riley Financial, Inc. (NASDAQ:RILY) then it's worth thinking about how it contributes to the...
B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced that its Board of Directors has declared a quarterly cash dividend for the Company's 6.875% Series A Cumulative Perpetual Preferred Stock ("Series A Preferred Stock").
B. Riley FBR, Inc., a full-service investment bank and subsidiary of B. Riley Financial, Inc. (NASDAQ:RILY), today announced it acted as financial advisor and placement agent to TeleHealth Solution PLLC ("THS") in connection with its completed investment from New Capital Partners ("NCP").
IPO Edge Reviewed Memo from B. Riley Financial Inc.'s SPAC Desk Several SPACs trade with 3% Yield to Maturity or Greater Forced Selling Likely Pushed Prices to Levels Reminiscent of 2008 Crisis Investors Have Full Right to Redeem for Cash Plus Interest if SPACs Held Until Liquidation SPACs Also Offer Dramatic Upside if M&A […]
On behalf of Palogic Value Fund, LP, a stockholder of approximately 800,000 shares, or 4.3% of the shares outstanding of SPOK Holdings, Inc., (NASDAQ: SPOK) ("SPOK" or "the "Company), Palogic Value Management, LP announced today that it sent the following letter to the Board of Directors of SPOK prior to the market close on March 24, 2020.
Over the past months I've been researching companies that I call tails-you-win, heads-you-win opportunities. These are companies in businesses that profit during good economic times and -- more importantly -- during terrible economic times. In general, these are great stocks to buy.Source: Shutterstock And now that the United States is about a month into this coronavirus from China mess, the terrible times are here for a bit.Every day I've been getting more emails from retail and other brick-and-mortar businesses letting me know that they are closing their stores in light of the Covid-19 outbreak. This means that all of those dark stores are now generating nothing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnfortunately, these empty stores will be a further strain on their underlying companies. It was bad enough to be a brick-and-mortar business without a global pandemic. * 10 of the Best Long-Term Stocks to Buy in a Bear Market Because just as Walmart (NYSE:WMT) changed the retailer landscape from local shops to the big-box stores built by Sam Walton, Amazon (NASDAQ:AMZN) has been transforming the landscape even more so -- I'm talking colossal-scale changes. An E-Commerce TakeoverIn the U.S. and well-beyond, shopping online increasingly is taking the place of visiting retail locations. And even Amazon is being impacted by its own online presence in groceries as its delivery service is taking the hassle of visiting a Whole Foods out of the process.The result is that retail stores are closing.From major malls to strip malls and from main and high streets -- stores are now vacant. In 2019, companies announced the closing of 9,300 stores surpassing the record in 2017 of 8,000 closures. And so far in the opening weeks of 2020, 1,900 stores are set to close.And this is just the start. Real estate behemoth, Cushman & Wakefield (NYSE:CWK), is projecting that store closures will exceed 12,000 for full-year 2020, making the year a bad record for retailers.This includes announced plans by Pier 1 Imports to close 450 stores, Gap (NYSE:GPS) to close 230 stores and Chico's (NYSE:CHS) to close 200 stores. We also learned Forever 21 isn't forever -- as it announced the closing of 200 stores. And Walgreens Boots Alliance (NASDAQ:WBA) is also closing 200 stores this year.But there is an upside. Closing DealsCompanies have to deal with each and every closing store. Think of the inventories, the fixtures, the real estate and all of the local liabilities.There's one company that's a leader in this space -- Great American Group.Since 2013, Great American Group has closed over 6,800 stores. That amounts to over $13 billion in assets. More importantly, the company is set to explode in 2020 as the closing market is showing no signs of stopping. Great American estimates that 30% of traditional retailers could close down in the not-too-distant future.The timeline for those closings is only going to speed up, thanks to Covid-19.So how exactly did I come across this "great" company? Well, I have been researching the realities of the retail apocalypse -- who handles store closings and disposing of the facilities? In the process, I tracked down the firm contracted to take care of the stores.You guessed it. That firm was Great American Group. But my search didn't stop there -- Great American merged into a company I find even more interesting. My Top Retail Play Now: RILY StockThat company is B. Riley Financial (NASDAQ:RILY). CEO Bryant Riley is the founder and largest shareholder, owning 27.3% of its shares. And he just added to his pile on recent drops. This company is a great place to start when looking for retail plays, as I like management that has skin in the game.So what exactly does B. Riley do? It's a financial firm that operates like a big umbrella, providing the structural underpinnings for six core businesses, and these core businesses are all the results of mergers and acquisitions. As I discussed above, it owns Great American Group. But it also acquired FBR, a specialized investment bank. I am familiar with the name through my days in the banking world.I also happen to like another of its core businesses quite a bit. B. Riley Principal Investments acts much like my alt-financials, such as Hercules Capital (NYSE:HTGC) and TPG Specialty Lending (NYSE:TSLX). Both of those stocks are in one of my Profitable Investing model portfolios.Its Principal Investments makes loans and takes equity stakes in a variety of companies, and it's inching out traditional commercial banks. This business works with B. Riley Capital Management in loan origination as well as other direct asset acquisitions.And in turn, B. Riley Wealth Management utilizes the strengths of FBR to provide asset management, primarily to private clients and family offices. It currently has more than $10 billion in assets under management (AUM).Lastly, there's GlassRatner, which dovetails nicely with Great American. GlassRatner specializes in helping failed or failing businesses with restructuring and bankruptcies. It also provides asset valuation, legal counseling and accounting services. B. Riley and the Retail ApocalypseNow, valuation, auctioning and liquidation make up a reported 31% of B. Riley's segmented income. Its Capital Markets and Principal Investment businesses make up the majority of its segmented income.So, while it is not a pure play on store closings, its other businesses have additional appeal and increase my interest as an investor in RILY stock.Source: Chart by Bloomberg Investors Still Believe in B. Riley (Stock Price) The shares have generated a gain of 47.3% over the trailing five years. And when you factor in the stock market rout and dividends, RILY stock has a total return of 82.6%. Both of these measures amply outperform the general S&P 500.And now it is a very cheap stock. Shares are valued at a discount to its trailing revenues, and that revenue has been advancing by 54.2% over the past year.B. Riley's operating margin is huge for an alt-financial, running at 30.5%. This figure in turn boosts the return on shareholders' equity, which comes in at 26.3%.And while other public companies are currently in limbo, it's a pretty easy bet that there will be a lot more store closings this year in the wake of Covid-19.Meanwhile, the stock trades at a price-book value of 1.3 times, making it a value stock.It's also important to note that B. Riley operates with less regulatory oversight than a traditional bank, which is an additional bonus as it builds up its assets. The company's underlying book value has gained almost 17% per year over the trailing five years on a compounded annual growth rate (CAGR) basis).And as I noted earlier, the CEO just piled on more stock with his additional purchases in the past week.Lastly, it has a tremendous amount of cash and equivalents on hand, but management likes leverage to drive returns higher. As such, its debts-assets ratio is higher at 73.1%. This high figure gives me some pause, but provided the company works in both contracting and expanding markets, there are internal business hedges that make it more appealing. The Bottom Line on RILY StockOne final thing I always do is run a credit analysis on companies that I recommend in my Profitable Investing. And with the fallout from the coronavirus, I have been digging again into the debts of each of my holdings.B. Riley's loans are primarily due for rollovers in 2023. And credit lines are amply available. Its current credit crunch isn't much of an issue for the company, especially as it also uses preferred shares for funding. Those preferred shares have call dates that extend out much further.I also want to note that RILY stock has a history of both regular and special dividends, which give it an annual yield of 10.1%. Its distributions have been climbing by 125.8% on average over the trailing five years.I am recommending it as a "buy" as it is a current bargain. RILY stock is a great way to capitalize on what's wrong in the markets and what will eventually go right. Buy it now in a tax-free account.Neil George was once an all-star bond trader, but now he works morning and night to steer readers away from traps -- and into safe, top-performing income investments. Neil's new income program is a cash-generating machine … one that can help you collect $208 every day the market's open. Neil does not have any holdings in the securities mentioned above. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 of the Best Long-Term Stocks to Buy in a Bear Market * 7 "Perfect 10" Healthcare Stocks to Buy Now * Where the FANG Stocks Sit in This Wild Market The post B. Riley Is the Top Company Cashing in on the Retail Apocalypse appeared first on InvestorPlace.
To the annoyance of some shareholders, B. Riley Financial (NASDAQ:RILY) shares are down a considerable 35% in the last...
B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley"), a diversified provider of business advisory and financial services, today announced it has sent the following letter to the Board of Directors of SPOK Holdings, Inc. on behalf of its subsidiary, B. Riley Capital Management, LLC.
Potential B. Riley Financial, Inc. (NASDAQ:RILY) shareholders may wish to note that the Co-CEO & Director, Thomas...
The broad market indices are going down. But that doesn't mean the entire market is headed down with them.First, it pays to remember in times like these, that the big indices are price weighted. That means the higher the price of the stock, the more it affects the movement of the index.Sometimes, one high-priced Dow Jones Industrial Average stock can drive the entire index down. Or up.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's why looking at the indices is helpful, like looking out the window to check the weather. It's a snapshot.But if you want winners, you have to dig deeper. And when the markets are down like they are now, if you can find the right stocks it's a great time to grab them. They're stocks that will perform if things get worse, or when they get better. * 10 Stocks to Buy for Your 10-Year-Old The seven ideal stocks to buy for cautious investors are all A-rated by my Portfolio Grader tool I use to find Growth Investor plays -- even now. Stocks to Buy: B Riley Financial (RILY)Source: Pavel Kapysh / Shutterstock.com B Riley Financial (NASDAQ:RILY) is an interesting company because it is built to take advantage of both good and bad markets.It has a few divisions and they are either interconnected or operate siloed. One piece provides private equity to small- and midsize-firms in the U.S. market. The second provides auction and liquidation services to companies. And the third is a valuation and appraisal unit that larger financial institutions can hire to figure out the value of properties they are interested in buying or shutting down.For example, a retailer may want to expand from its one store to a handful of stores in various states. RILY funds them. Then, say that the U.S.-China trade war was hurting the retailer's sales.RILY would step in with its valuation unit and look for ways to sort out the issue. If it can't find a viable path forward, it would arrange to wind the business down and auction off the goods and properties.Each division has specific upside in both good and bad markets. And it was built via acquisitions precisely for this purpose.The stock is up 37% in the past 12 months and offers a 2.9% dividend. It should stay plenty busy moving forward. Hercules Capital (HTGC)Source: Shutterstock Hercules Capital (NYSE:HTGC) is a company similar to RILY in that it offers private equity to firms. The difference is that Hercules focuses on tech, life sciences and renewable energy companies.It's an alternative financial company, meaning it will fund projects that may not meet the criteria traditional banks would have for lending. Many of these firms popped up after the financial crisis in 2008, but HTGC has been around since 2003, funding Silicon Valley startups in the wake of the burst tech bubble.It now has a $1.6 billion market capitalization and strong reputation in the industry. Unlike RILY, HTGC's sole focus is as an alt-lender. But this is a growing sector, since these firms don't have all the regulation that traditional financial institutions have.That means they can create better deals and have more wiggle room on terms, which is a very attractive option for young firms. And those new startups are popping up left and right. Going forward, they'll be fueled by a huge technological innovation whose name you've probably heard -- but not its magnitude.The stock has a huge dividend, currently paying 8.8%. Blackstone Mortgage Trust (BXMT)Source: Isabelle OHara / Shutterstock.com Blackstone Mortgage Trust (NYSE:BXMT) is set up as a real estate investment trust (REIT), but it doesn't own properties. It originates the senior debt on commercial properties. From those deals it generates net income that it pays to investors as dividends.REITs were on a tear until late in 2019, but now picking them is more selective. And BXMT is one that still has strong potential moving forward.This isn't about speculating on real estate values, it's about buying into an expanding economy.While the coronavirus from China may slow growth for a quarter or two, the fact is, the U.S. economy is still the strongest in the world. And that means other countries are buying into solid stocks that are built for the long term. That's BXMT.The stock is up 5% in the past 12 months, but it also has a reliable 6.7% dividend on top of that performance. Ball (BLL)Source: Jonathan Weiss / Shutterstock.com Ball (NYSE:BLL) has been around since 1880. While you might think that the company makes Ball jars, that's no longer the case.It has licensed its name and that particular product line for decades.Ironically, it now makes cans. And it has for many, many years. It also has an aerospace division.As for the can business, think about walking the aisles of your grocery store. There are a lot of cans there. And they're not going away. This chunk of business may not be a massive growth engine, but it's a solid revenue generator. And it's a global leader. Almost all the cans in Brazil are made by Ball.During World War II Ball thought it might be a good idea to diversify its business lines and got involved in the war effort, especially in its aftermath when the Cold War ramped up.Ball is now a significant player in the expanding C4ISR mission of the military.The stock is up 26% in the past year and has a 0.8% dividend. And I've got more where that came from. Hershey (HSY)Source: George Sheldon / Shutterstock.com Hershey (NYSE:HSY) should be a recognizable name to anyone who has lived in the U.S. for the past decade or more. It is one of the leading confectioners in the U.S. and around the world.But it's more than Hershey's chocolate, Reese's, Kit Kats and Twizzlers. It has also branched out to healthier alternatives as well. It now owns SkinnyPop and Pirate's Booty among its other 80 brands.The company has been around since 1894 and is still headquartered just outside of Harrisburg, Pennsylvania, in -- of course -- Hershey, Pennsylvania. It has an amusement park there as well. And given its central location in the Mid-Atlantic and Northeast, it has a constant flow of soccer, lacrosse and other sporting tournaments going all year long.HSY stock has a $31 billion market cap, so it's not a little confectioner. This is a major company but it has a strong social conscience and prefers to be responsible about its growth and sustainable as a corporation.The stock is up 30% in the past year and it offers a dividend just a hair over 2%. L3Harris (LHX)Source: Jonathan Weiss / Shutterstock.com L3Harris (NYSE:LHX) is a newly merged company that combines two of the United States' top companies that are focused on defense and aerospace technologies.They both have decades of experience when it comes to everything from secure handheld telecoms equipment to satellite and cyber defense tech.As the world looks to space for its next-level opportunities, it's companies like LHX that will be go-to partners with not only governments, but also private companies that are now in the Space Race. This industry is going to grow significantly in the coming decade.By combining, LHX has become a major player in this sector and it can now garner much more work than it did when both competed against each other or each won a piece of the same contracts.It now sports a $45 billion market cap and is a major player in its own right. The stock is up 21% in the past 12 months and it has a 1.5% dividend. While LHX is a more unique telecom company, everyone in that industry has a fire lit under them by the latest tech breakthrough powering ultrafast wireless speeds -- and great investments now. Zoetis (ZTS)Source: JHVEPhoto / Shutterstock.com Zoetis (NYSE:ZTS) has been around since 1952 and it specializes in making animal health medicines and vaccines.Before this coronavirus hit, the big story was the African swine fever that was running wild in China, killing more than half its pigs. It is so virulent that any pig that tests positive is slaughtered.This sent pork prices sky high in China and it was having a real effect on the economy, slowing growth and raising inflation.Although the story has changed from ASF, it's still a real issue. And many similar diseases are out there. ZTS has been working on an ASF vaccine for over a year now, so you can imagine the potential.We see what happens to biotech stocks when they announce they may have a vaccine for the coronavirus, which most reports say kills less than 3% of those who contract it.Viruses are productivity issues and that makes them economic issues. ZTS may be a new name to you, but it has a $64 billion market cap. That goes to show that institutional investors know how important its business is.The stock is up 40% in the past year and has a small, 0.7% dividend.Soon, however, "cautious" investing won't be the buzzword. Bullish trends are about to come back into play, both economic and logistical, like fund managers performing end-of-quarter "window dressing" -- so don't be surprised to see everyone jump back on the bandwagon of growth investing. Those of us in the know can lay our own groundwork now -- and here's a great place to start: The 5G Buildout Is an Incredible Opportunity for Investors Right NowWithin two years, most cell phones will be 5G enabled and be able to wirelessly handle television streaming. With 5G, we'll have cable modem speeds on any device; no need to plug in. That's a big deal for rural areas … the very same areas that are also key to President Donald Trump's reelection. So, by pushing 5G over the goal line, Trump will deliver a big win for his base -- and strike a blow against Chinese rivals like Huawei Technologies.But, in the big picture, 5G is about much more than trade wars and faster downloads. Because 5G is 100 times faster than 4G, it'll allow your internet devices to work in real time. That advancement is a game changer for tech companies.With the 5G infrastructure market set to grow at an annual rate of 67% over the next 10 years, the entire market will go from $780 million to nearly $48 billion. This buildout is where I see opportunity with 5G stocks now.Cable companies can do their best to fight back with fiber optics … but they can't compete with the convenience of a smartphone, once it's got ultra-fast 5G. That's how my 5G infrastructure play will capture more market share from the broadband cable companies.The stock I'm targeting is enjoying an influx of big money on Wall Street, and it has strong fundamentals, too -- making it an A-rated "Strong Buy" in my Portfolio Grader system.Click here to watch my new, free briefing on this extraordinary technology and the opportunity with 5G stocks.When you do, you'll see how to claim a free copy of my new investment report, The Netflix of 5G, which has full details on this company -- and what makes it such a great buy now.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In one recent feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Your 10-Year-Old * 5 Hot Cannabis Stocks to Snap Up * Buy These 5 Super Fast-Growth Dividend Stocks While They Are Down The post 7 Ideal Stocks to Buy for Cautious Investors appeared first on InvestorPlace.
B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company") will hold a conference call on Tuesday, March 3, 2020 at 4:30 p.m. ET (1:30 p.m. PT) to discuss results for the fourth quarter and full year ended December 31, 2019. Financial results will be issued in a press release prior to the call.
B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified provider of business advisory and financial services, today announced that certain of its subsidiaries advised and provided financing to Franchise Group, Inc. (NASDAQ: FRG) ("Franchise Group") in connection with its recently completed acquisition of American Freight Group, Inc. ("American Freight") which closed on February 14, 2020.
B. Riley Wealth Management, Inc., a full-service private wealth and investment services firm and a B. Riley Financial, Inc. company (NASDAQ:RILY) ("B. Riley"), today announced that Mark Kaskey, Jason Beard and Robert "Bob" Cellucci of MJB Wealth Management Group have joined the firm's Devon, Pennsylvania branch.
B. Riley Principal Merger Corp. (NYSE: BRPM, BRPM WS, BRPM.U) ("BRPM"), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (Nasdaq: RILY) ("B. Riley Financial"), and Alta Equipment Holdings, Inc., a leading provider of premium industrial and construction equipment and related services, today announced the completion of their previously announced business combination, forming a leading publicly traded equipment dealership platform. The business combination, which had a pro forma enterprise value of approximately $540 million, was funded through a combination of equity and debt financings.
B. Riley Principal Merger Corp. (NYSE: BRPM, BRPM WS, BRPM.U) ("BRPM" or the "Company"), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (Nasdaq: RILY) ("B. Riley Financial"), today announced that its stockholders have voted in favor of the Company's proposed initial business combination (the "business combination") with Alta Equipment Holdings, Inc. ("Alta"), a leading provider of premium industrial and construction equipment and related services.
B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced that on February 10, 2020 it priced an underwritten registered public offering of $115 million aggregate principal amount of 6.375% Senior Notes due 2025. The Company has granted the underwriters a 30-day option to purchase up to an additional $17.25 million aggregate principal amount of notes in connection with the offering solely to cover overallotments. The offering is expected to close on February 12, 2020, subject to customary closing conditions.
B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced it has commenced an underwritten registered public offering of $50 million aggregate principal amount of senior notes due 2025, subject to market and certain other conditions. The Company expects to grant the underwriters a 30-day option to purchase additional senior notes in connection with the offering solely to cover overallotments.
B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified provider of business advisory and financial services which operates through several wholly-owned subsidiaries, today announced Michael Jerbich has joined as President of B. Riley Real Estate, LLC. A veteran real estate turnaround professional, Jerbich will lead a new business vertical which specializes in providing end-to-end solutions to maximize distressed real estate values.