Why B. Riley Stock Is Climbing Today
Why B. Riley Stock Is Climbing Today
The deal is expected to close in the fourth quarter of 2024. Upon closing, B. Riley will receive total consideration consisting of approximately $203 million in cash, Class B Preferred Units of Great American NewCo with an initial aggregate liquidation preference of approximately $183 million and Class A Common Units of NewCo representing approximately 47% of the total outstanding common units.B. Riley Financial, Inc. (NASDAQ:RILY) shares are trading higher Monday after the company announced it has agreed to sell its appraisal and valuations unit, Great American, to Oaktree Capital Management in a deal valued at approximately $386 million.
b. Riley Financial, Inc.（納斯達克：RILY）股價週一有所上漲，因該公司宣佈已同意出售其評估和估值部門Great American，交易價值約爲38600萬美元。
The Details:
細節：
B. Riley will complete a pre-closing internal reorganization and contribute all of the interests in its Appraisal and Valuation Services, Retail, Wholesale & Industrial Solutions and Real Estate Advisory businesses to the newly established Great American Holdings, LLC (Great American NewCo).
b. Riley將完成一項封閉前的內部重組，並向新成立的Great American Holdings，LLC（Great American NewCo）貢獻其評估和估值服務、零售、批發及工業解決方案以及房地產諮詢業務的所有權益。
The deal is expected to close in the fourth quarter of 2024. Upon closing, B. Riley will receive total consideration consisting of approximately $203 million in cash, Class B Preferred Units of Great American NewCo with an initial aggregate liquidation preference of approximately $183 million and Class A Common Units of NewCo representing approximately 47% of the total outstanding common units.
預計交易將於2024年第四季度完成。封閉後，億. Riley將收到總對價，包括約20300萬美元現金、Great American NewCo的B類優選單位初始總交易偏好約18300萬美元，以及NewCo的A類普通單位代表約總掛牌普通單位的47%。
"I am pleased to be partnering with Oaktree given its stellar track record and reputation as one of the world's leading asset managers. We believe Oaktree's scale and expertise in alternative investments and their strength as a capital provider, combined with the Great American Group's leading position as a provider of asset disposition, financial advisory and real estate advisory services, will prove complementary as we join forces to deliver financial products and services to better serve our clients," said Bryant Riley, Co-CEO of B. Riley.
「我很高興與Oaktree合作，鑑於其卓越的業績記錄和作爲全球領先資產管理公司之一的聲譽。我們相信Oaktree在替代性投資方面的規模和專業知識以及作爲資本提供者的實力，與Great American Group在資產處置、財務諮詢和房地產諮詢服務領域的領先地位相結合，將在我們合力推出金融產品和服務，更好地爲客戶服務方面起到互補作用，」億. Riley聯席首席執行官布賴恩·賴利表示。
According to data from Benzinga Pro, B. Riley shares are climbing on heavy volume following the company's announcement, but remain below the stock's 50-day moving average of $7.04.
根據Benzinga Pro的數據，億. Riley股票在公司公告後交投活躍，股價上漲，但仍低於股票的50日移動平均線7.04美元。
Should I Sell My RILY Stock?
我應該賣出我的RILY股票嗎？
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
賣出或持有股票很大程度上取決於投資者的策略和風險承受能力。短期交易者可能會出售表現優異的股票以鎖定資本收益，而長期投資者可能會在期待股價進一步增長的動盪中保持持有。
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
同樣，願意將損失最小化的交易者可能會出售下跌一定百分比的股票，而長期投資者則可能會將其視爲以折扣價買入更多股票的機會。
Shares of B. Riley Financial have lost 89.41% year to date. This compares to the average annual return of -54.18%, meaning the stock has underperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.
b. riley financial股票今年迄今已經下跌了89.41%。這與平均年回報率-54.18%相比，意味着股票表現低於歷史平均水平。投資者可以將一支股票的走勢與其歷史表現進行比較，以判斷這是否是正常波動還是潛在的交易機會。
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. B. Riley Financial stock currently has an RSI of 30.67, indicating neutral conditions.
投資者也可以考慮市場動態。相對強弱指數可用於指示一支股票是超買還是超賣。b. riley financial股票當前的RSI爲30.67，表明中立條件。
For analysis tools, charting data and access to exclusive stock news, check out Benzinga PRO. Try it for free.
欲了解分析工具、圖表數據以及訪問獨家股票新聞，請查看Benzinga PRO。免費試用。
RILY Price Action: According to Benzinga Pro, B.Riley shares are up 22.1% at $5.36 at the time of publication Monday.
RILY價格走勢：根據Benzinga Pro億的資訊，億. riley股票在週一的發佈時間上漲了22.1%，報5.36美元。
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Image: Pete Linforth from Pixabay
圖片：來自Pixabay的Pete Linforth
譯文內容由第三人軟體翻譯。
