Category: Riley
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B. Riley bullish on Sound Point stock, highlights CLO arbitrage potential By Investing.com
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On Wednesday, Sound Point Meridian Capital (NYSE: SPMC) stock received a new Buy rating from analyst B.Riley, accompanied by a $22.50 price target. The analyst highlighted the company’s position within a new segment of closed-end funds focused on cash flow arbitrage from CLO stocks, which are known for generating unleveraged…
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B. Riley stock extends losses after bank delays quarterly report By Reuters
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Written by Manya Saini, Nikit Nishant and Saeed Azhar (Reuters) – Shares of investment bank B. Riley Financial fell to their lowest level in nearly eight years on Tuesday after the company delayed filing its quarterly report with the Securities and Exchange Commission, adding to concerns about a second-quarter loss.…