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Kratos Defense & Security Solutions has seen significant activity from institutional investors, with 75.92% of its stock owned by them. Recent transactions include Total Wealth Planning acquiring $281,000 worth of shares and UBS AM increasing its stake by 30%. Analysts maintain a "Moderate Buy" rating, with a consensus price target of $32.67, despite mixed ratings from various firms. Insider selling has also occurred, with notable sales by Phillip D. Carrai and Steven S. Fendley.
Franchise Group Inc., backed by B. Riley Financial Inc., disbursed $5.75 million in retention bonuses to insiders as it faced bankruptcy. Additionally, key employees received $2.16 million in bonuses, which can be reclaimed if they leave early, as noted in court documents from the Chapter 11 case.
Bryant Riley, co-founder of B. Riley Financial Inc., expressed deep personal distress over the bankruptcy of Franchise Group Inc. (FRG), a year after facilitating a $2.8 billion buyout that became a significant asset for his firm. The Chapter 11 filing has wiped out FRG’s equity, resulting in a $120 million impairment for B. Riley, adding to prior writedowns totaling up to $370 million.
Franchise Group Inc., owner of brands like Vitamin Shoppe and Pet Supplies Plus, has filed for Chapter 11 bankruptcy protection in Delaware, citing significant losses and turmoil involving its founder and backer, B. Riley Financial Inc. The company reported assets and liabilities between $1 billion and $10 billion and is set to transfer control to lenders, including HPS Investment Partners, following extensive restructuring negotiations.
B. Riley Financial Inc. has agreed to sell a portion of its wealth-management business to Stifel Financial Corp. for up to $35 million in cash, part of a strategy to reduce its debt. The deal excludes approximately 190 independent advisers and 90 tax professionals, with up to 50 advisers and their customer accounts expected to transition to Stifel early next year.
Bryant Riley, co-CEO of B. Riley Financial Inc., misreported the number of shares he pledged as collateral for a $45 million loan from Axos Bank. He initially stated that he pledged 4,389,553 shares, which were approved under the company's insider trading policy, according to regulatory filings.
B. Riley Financial Inc. raised $236 million through the sale of rights to several consumer brands, including Hurley, English Laundry, and Limited Too, to reduce its debt. The company secured approximately $189 million in net proceeds from this transaction, while an additional $47 million came from licensing bebe and Brookstone brands. Following the announcement, shares surged by as much as 18% in New York trading.
B. Riley Financial, Inc.
Companies
| Symbol | RILY |
| Name | B. Riley Financial, Inc. |
| Currency | USD |
| Sector | Financials |
| IndustryGroup | Diversified Financials |
| Industry | Capital Markets |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | Los Angeles |
| Zipcode | 90025 |
| Website | http://www.brileyfin.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
kratos defense and security solutions sees mixed analyst ratings and insider activity
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