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

Binah Capital Group (NASDAQ:BCG) posted its quarterly earnings results on Friday. The company reported $0.09 EPS for the quarter, FiscalAI reports. Binah Capital Group had a net margin of 1.23% and a return on equity of 421.57%. The business had revenue of $48.70 million during the quarter.

Binah Capital Group Price Performance

Shares of Binah Capital Group stock opened at $1.84 on Friday. The firm has a market capitalization of $30.76 million, a PE ratio of 13.14 and a beta of 0.34. The company’s fifty day moving average price is $2.05 and its two-hundred day moving average price is $2.18. Binah Capital Group has a 52-week low of $1.36 and a 52-week high of $3.44.

Institutional Investors Weigh In On Binah Capital Group

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Binah Capital Group in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.