RILYG - （B. Riley Financial Inc.）

Source: shutterstock.com/whiteMocca Exela Technologies (NASDAQ: XELA ) stock is climbing more than 10% this morning, rallying for the second straight day this week. Yesterday, shares of XELA stock soared around 40%. The recent advances in Exela Technologies stock came after the company announced that it had obtained a great deal of additional financing. Exela operates call centers and develops software that automates certain IT processes. Here’s what else investors should know about XELA. Exela’s Funding Deal and Background Yesterday, Exela announced that it had obtained an additional $51 million of funds from B. Riley (NASDAQ: RILY ). The company will have to pay back this money in June 2025, when the “new securitization facility matures.” The facility “bears interest at a per annum rate of one-month Term SOFR plus 7.5%.” However, in conjunction with the deal, Exela paid off $29 million of a roughly $44 million loan that it had previously obtained. On Jan. 19, Seeking Alpha reported that the company’s subsidiary, Exela Intermediate, missed “semiannual interest payments due under certain notes.” As of the end of last year, Exela had $1.16 billion of debt and only $10.4 million of cash.

One of the biggest movers in today’s market is Exela Technologies (NASDAQ: XELA ). Today’s impressive move of more than 30% in XELA stock is certainly turning heads, as the company announced a big round of funding. Exela’s management team noted that the company has increased its existing securitization facility to $185 million. This amendment stipulates the company will have an additional $51 million of financing available to it via a funding deal with B. Riley (NASDAQ: RILY ). Exela is a global business process automation leader. As such, the company’s stock price price chart looks as one would expect in recent years. That said, this financing round is clearly inspiring investors to consider this stock once again. Let’s dive into what investors should make of this news. Why Is XELA Stock Surging Today? There are a number of reasons why this funding deal is notable. First, B. Riley is a respected outfit, meaning this deal suggests the company believes it will continue in good standing for the long term.

U.S. stocks traded higher, with the Dow Jones gaining more than 300 points on Monday. Here are some big stocks recording gains in today’s session. Moolec Science SA (NASDAQ: MLEC ) jumped 25.3% to $5.14. Fisker Inc. (NYSE: FSR ) shares gained 24% to $6.95 after the company reported Q4 financial results. The company said Q4 and FY22 operational results were better than expected. FY22 total spending was below the company''s anticipated range and its cash balance at year end 2022 was ahead of expectations. Opera Limited (NASDAQ: OPRA ) rose 20.4% to $8.80 after the company reported better-than-expected Q4 financial results. Altisource Asset Management Corporation (NYSE: AAMC ) rose 17.5% to $48.66. AAMC recently announced an agreement with B. Riley Financial to repurchase common stock. Broadmark Realty Capital Inc. (NYSE: BRMK ) … Full story available on Benzinga.com

The YTM on B. Riley baby bonds has increased as much as 44% in just the last 3 weeks with YTMs up to 12.96%. Click here to see our take on RILY stock.

The following slide deck was published by B. Riley Financial, Inc.

RILY has a complex financial services business with lots of irons in the fire, some cyclical and others countercyclical. See why I believe RILY is a hold.

Miller Value Partners, an investment management company, released its “Income Strategy” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy returned 11.68% net of fees compared to a 3.98% return for the ICE BofA US High Yield Index. Also, the fund outperformed the S&P 500 Index […]

B. Riley Financial Inc. (NASDAQ:RILY) shares, rose in value on Friday, 01/20/23, with the stock price up by 4.82% to the previous day’s close as strong demand from buyers drove the stock to $41.10. Actively observing the price movement in the last trading, the stock closed the session at $39.21, falling within a range of … Stock Forecast: B. Riley Financial Inc. (NASDAQ: RILY) To Jump 27.01% In Near Future Read More »

Randall Paulson , Board Member at B. Riley Financial (NASDAQ: RILY ), reported a large insider buy on January 9, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Paulson purchased 20,000 shares of B. Riley Financial. The total transaction amounted to $744,346. B. Riley Financial shares are trading up 1.58% at $37.82 at the time of this writing on Tuesday morning. Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm. The Importance of Insider Transactions Insider transactions shouldn''t be used … Full story available on Benzinga.com

Although US stocks closed mixed on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company''s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga''s insider transactions platform. B. Riley Financial The Trade: B. Riley Financial, Inc. (NASDAQ: RILY ) Director Randall Paulson acquired a total of 20,000 shares an average price of $37.22. To acquire these shares, it cost around $744.35 thousand. What’s … Full story available on Benzinga.com

Although US stocks closed lower on Friday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company''s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga''s insider transactions platform. Dave & Buster''s Entertainment The Trade: Dave & Buster''s Entertainment, Inc. (NASDAQ: PLAY ) 10% owner Scott Ross … Full story available on Benzinga.com

B. Riley Financial Inc (NASDAQ: RILY ) said it expects fourth-quarter FY2022 operating adjusted EBITDA of $90 million - $100 million. For FY22, it sees an operating adjusted EBITDA of $355 million … Full story available on Benzinga.com

Gainers: Western Asset Mortgage Capital (WMC) +5%. Losers: Redfin (RDFN) -9%. B. Riley Financial (RILY) -9%.

The shares of Bitcoin (BTC) mining company Core Scientific have increased by around 243% following the announcement from one of its key creditors, B. Riley Financial, that fresh funds would be proposed to help the company avoid bankruptcy on December 14. Data from Tradingview shows that CORZ was trading at $0.46 earlier today. The stock market lost 95% […]

As of Thursday, B. Riley Financial Inc.’s (NASDAQ:RILY) stock closed at $41.56, down from $41.90 the previous day. While B. Riley Financial Inc. has underperformed by -0.81%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RILY fell by -46.30%, with highs and lows ranging from $91.24 […]