Binah Capital Group (NASDAQ:BCG) Announces Earnings Results

Binah Capital Group (NASDAQ:BCG) announced its quarterly earnings data on Friday. The company reported $0.09 EPS 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 Trading Down 4.7%

Shares of NASDAQ:BCG traded down $0.09 during midday trading on Friday, reaching $1.84. 58,709 shares of the company were exchanged, compared to its average volume of 415,980. The stock has a market cap of $30.76 million, a PE ratio of 16.73 and a beta of 0.34. The business’s fifty day moving average is $2.05 and its two-hundred day moving average is $2.18. Binah Capital Group has a one year low of $1.36 and a one year high of $3.44.

Wall Street Analyst Weigh In

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 MarketBeat, Binah Capital Group presently has an average rating of “Sell”.

Institutional Trading of Binah Capital Group

A hedge fund recently raised its stake in Binah Capital Group stock. State Street Corp raised its stake in shares of Binah Capital Group, Inc. (NASDAQ:BCG) by 54.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,100 shares of the company’s stock after purchasing an additional 8,800 shares during the period. State Street Corp owned 0.15% of Binah Capital Group worth $72,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 4.97% of the company’s stock.

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.