Keep Your Eyes on This Stock Alert: B. Riley Financial, Inc. (NASDAQ: RILY)
B. Riley Financial, Inc. (NASDAQ: RILY) changed -0.71% to recent value of $21.01. The stock transacted 52082 shares during most recent day however it has an average volume of 43.42K shares. It spotted trading -6.88% off 52-week high price. On the other end, the stock has been noted 58.46% away from the low price over the last 52-weeks.
B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley”) today announced its investment banking subsidiary, B. Riley FBR, Inc., served as exclusive financial advisor to PCM, Inc. (NASDAQ: PCMI) (“PCM”) in connection with its completed sale to Insight Enterprises (NASDAQ: NSIT) (“Insight”). The transaction, which closed on August 30, 2019, was valued at approximately $581 million and represents Insight’s largest acquisition to date. B. Riley FBR’s deal team was led by Senior Managing Director Ryan J. Bernath, Director Chobun Hieblinger, and Associate Andre La Brec.
“We were pleased to represent PCM in its sale to Insight,” said Ryan J. Bernath, Senior Managing Director, B. Riley FBR. “This transaction is a testament to our role as a leading advisor to public company management teams and Boards of Directors in evaluating opportunities to maximize shareholder value. The technology vertical is one where we continue to deploy significant resources as a firm, providing us with the critical domain expertise to advise on meaningful transactions such as the Insight and PCM combination.”
Insight is a Fortune 500-ranked global provider of digital innovation, cloud and data center transformation, connected workforce, and supply chain optimization solutions. Insight’s acquisition of PCM positions the combined companies for future growth and increased scale through an expanded global salesforce and a broader suite of technology solutions offerings.
“We were pleased to work with B. Riley FBR on the sale of PCM to Insight. The team demonstrated deep knowledge of our business and helped guide us through this significant transaction. The combination of Insight and PCM not only allows us to provide greater value to our clients, but also to our shareholders, and we look forward to the opportunities ahead for our employees, customers and partners,” said Frank Khulusi, Chairman and CEO, PCM.
RILY has a gross margin of 85.80% and an operating margin of 14.80% while its profit margin remained 4.80% for the last 12 months. Its earnings per share (EPS) expected to touch remained -42.80% for this year .
The company has 26.64M of outstanding shares and 20.78M shares were floated in the market. The price moved ahead of 2.28% from the mean of 20 days, 5.95% from mean of 50 days SMA and performed 19.10% from mean of 200 days price. Company’s performance for the week was -1.08%, 4.49% for month and YTD performance remained 51.77%.
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