24/7 Market News Snapshot 27 June, 2025 – B. RILEY FINANCIAL, INC. (NASDAQ:RILY)

June 27, 2025

DENVER, Colo., 27 June, 2025 (www.247marketnews.com) – (NASDAQ:RILY) are discussed in this article.
B. Riley Financial, Inc. (NASDAQ:RILY) is currently witnessing a notable surge, trading at $3.401, which represents a substantial increase of 13.75% from its previous close of $2.990. The trading volume has achieved an impressive level of 1.17 million shares, signaling heightened investor interest and potential upward momentum. Technical analysis indicates that the stock may encounter resistance near the $3.50 mark, while support levels could establish around $3.00, offering a cushion against potential profit-taking. This bullish sentiment, coupled with robust trading activity, makes RILY a stock to watch closely as developments unfold.

Concurrently, B. Riley Financial has taken a strategic step by divesting its advisory services business, comprising GlassRatner Advisory & Capital Group, LLC, and B. Riley Farber Advisory Inc., to funds managed by TorQuest Partners for a total consideration of $117.8 million. This transaction is anticipated to result in a gain of around $66 million for the Company, further solidifying its financial robustness in today’s competitive environment.

Bryant Riley, Chairman and Co-CEO, articulated the importance of this move, stating, “The divestiture of GlassRatner is a pivotal step toward bolstering our growth initiatives.” He emphasized the Company’s renewed focus on its core competencies and its commitment to maximizing shareholder value through reinvestment into middle-market investment banking and wealth management practices.

Ian Ratner, CEO of GlassRatner, echoed this sentiment, expressing optimism about the future following the acquisition and the potential for growth alongside TorQuest. The deal represents TorQuest’s third platform investment from its recently established $2.3 billion fund, underlining confidence in the advisory sector. As B. Riley Financial progresses through this transition, its strategic decisions are indicative of a long-term vision aimed at sustainable growth and enhanced shareholder value.

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