Binah Capital Group (NASDAQ:BCG) Posts Earnings Results

Binah Capital Group (NASDAQ:BCGGet Free Report) announced its quarterly earnings results on Friday. The company reported $0.09 earnings per share for the quarter, FiscalAI reports. The business had revenue of $48.70 million for the quarter. Binah Capital Group had a return on equity of 421.57% and a net margin of 1.23%.

Binah Capital Group Price Performance

BCG stock traded down $0.09 on Friday, reaching $1.84. The company’s stock had a trading volume of 58,709 shares, compared to its average volume of 98,779. Binah Capital Group has a 52 week low of $1.36 and a 52 week high of $3.44. The company has a market capitalization of $30.76 million, a P/E ratio of 16.73 and a beta of 0.34. The firm has a fifty day moving average of $2.05 and a two-hundred day moving average of $2.18.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Binah Capital Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Binah Capital Group currently has a consensus rating of “Sell”.

Check Out Our Latest Report on Binah Capital Group

Hedge Funds Weigh In On Binah Capital Group

An institutional investor recently raised its position in Binah Capital Group stock. State Street Corp increased its holdings in Binah Capital Group, Inc. (NASDAQ:BCGFree Report) by 54.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,100 shares of the company’s stock after buying an additional 8,800 shares during the quarter. State Street Corp owned about 0.15% of Binah Capital Group worth $72,000 at the end of the most recent reporting period. 4.97% of the stock is owned by institutional investors and hedge funds.

Binah Capital Group Company Profile

(Get Free Report)

Binah Capital Group, Inc, together with its subsidiaries, operates in the wealth management industry. The company provides access to stock, bond, exchange-traded fund, and options execution services; and research, compliance, supervision, and accounting and related services for financial advisors. It also offers mutual funds and insurance products, as well as alternative investments, such as non-traded real estate investment trusts, unit trusts, and fixed and variable annuities. The company was founded in 2016 and is headquartered in Albany, New York.

Further Reading

Earnings History for Binah Capital Group (NASDAQ:BCG)

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