Binah Capital Group (NASDAQ:BCG) Announces Quarterly Earnings Results

Binah Capital Group (NASDAQ:BCG) issued its earnings results on Tuesday. The company reported $0.01 EPS for the quarter, FiscalAI reports. The firm had revenue of $50.51 million during the quarter. Binah Capital Group had a return on equity of 509.27% and a net margin of 0.58%.

Binah Capital Group Trading Up 18.4%

Shares of Binah Capital Group stock opened at $2.38 on Thursday. The company has a market cap of $39.51 million, a P/E ratio of 21.64 and a beta of 0.36. The business has a 50-day moving average price of $2.20 and a two-hundred day moving average price of $2.13. Binah Capital Group has a 1-year low of $1.36 and a 1-year high of $3.44.

Institutional Trading of Binah Capital Group

A hedge fund recently raised its stake in Binah Capital Group stock. State Street Corp lifted its stake in shares of Binah Capital Group, Inc. (NASDAQ:BCG) by 54.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,100 shares of the company’s stock after acquiring an additional 8,800 shares during the period. State Street Corp owned 0.15% of Binah Capital Group worth $72,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.97% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Binah Capital Group in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Binah Capital Group Company Profile

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.