B. Riley Addresses Investors Amidst Challenges in Deals, Profits and Stock Performance

January 9th, 2024, 10:52 AM

B. Riley Financial Inc. is facing challenges as its shares have plunged over 50% since mid-July.

According to AdvisorHub, the decline is attributed to the falling values of its investment holdings and a weak M&A market, resulting in a $75.8 million quarterly loss. Issues surrounding In response, B. Riley CEO Bryant Riley has attempted to reassure shareholders amid short-seller bets against the company.

Recent missteps also include a $35.5 million write-down on Targus, a computer accessories maker acquired in 2022, and involvement in the Franchise Group Inc. buyout, marred by credit downgrades and fraud allegations. According to AdvisorHub, Bryant Riley moved up an Investor Day presentation for insights and potential recovery strategies to reassure shareholders.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.

B. Riley Addresses Investors Amidst Challenges in Deals, Profits and Stock Performance

January 9th, 2024, 10:52 AM

B. Riley Financial Inc. is facing challenges as its shares have plunged over 50% since mid-July.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.