Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Update

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 10,009 shares, a decrease of 32.1% from the June 30th total of 14,731 shares. Based on an average trading volume of 16,279 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Binah Capital Group

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Binah Capital Group in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Binah Capital Group Price Performance

BCG opened at $1.45 on Friday. The firm has a fifty day moving average price of $1.54 and a 200 day moving average price of $1.93. Binah Capital Group has a 1 year low of $1.36 and a 1 year high of $3.44. The stock has a market cap of $24.37 million, a P/E ratio of 10.36 and a beta of 0.27.

Binah Capital Group (NASDAQ:BCG) last released its quarterly earnings results on Friday, May 15th. The company reported $0.09 EPS for the quarter. Binah Capital Group had a net margin of 1.70% and a return on equity of 260.70%. The company had revenue of $48.70 million for the quarter.

About Binah Capital Group

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.