Binah Capital Group (NASDAQ:BCG) Posts Earnings Results

Binah Capital Group (NASDAQ:BCG) issued its earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, FiscalAI reports. Binah Capital Group had a net margin of 2.17% and a return on equity of 195.38%. The firm had revenue of $50.56 million for the quarter.

Binah Capital Group Price Performance

NASDAQ:BCG traded down $0.03 during trading hours on Thursday, hitting $1.10. The company had a trading volume of 10,880 shares, compared to its average volume of 194,099. The stock has a 50-day moving average price of $1.13 and a 200 day moving average price of $1.65. The company has a market capitalization of $18.77 million, a PE ratio of 6.11 and a beta of 0.31. Binah Capital Group has a 52 week low of $0.95 and a 52 week high of $3.44.

Institutional Investors Weigh In On Binah Capital Group

A hedge fund recently bought a new position in Binah Capital Group stock. Citadel Advisors LLC bought a new stake in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 32,395 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned approximately 0.19% of Binah Capital Group at the end of the most recent quarter. Hedge funds and other institutional investors own 4.97% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Binah Capital Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Binah Capital Group presently has an average rating of “Sell”.

Binah Capital Group Company Profile

Binah Capital Group, Inc. (NASDAQ: BCG) is a wealth management company that provides services and support to independent financial advisors and their clients in the United States. The company operates as a holding company for wealth management businesses serving individuals, families and institutions. Through its operating businesses, Binah Capital offers brokerage and investment advisory services, financial planning, retirement planning, insurance solutions and access to investment products. Its platform is designed to help independent advisors manage client relationships, develop practices and deliver portfolio and broader wealth management services.