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

Binah Capital Group (NASDAQ:BCG) posted its quarterly earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports. Binah Capital Group had a net margin of 0.58% and a return on equity of 509.27%. The company had revenue of $50.51 million for the quarter.

Binah Capital Group Trading Down 2.4%

Shares of BCG stock opened at $2.01 on Wednesday. Binah Capital Group has a 1 year low of $1.36 and a 1 year high of $3.44. The firm’s 50 day moving average is $2.20 and its 200-day moving average is $2.13. The firm has a market capitalization of $33.37 million, a price-to-earnings ratio of 67.02 and a beta of 0.34.

Institutional Trading of Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 33,482 shares of the company’s stock, valued at approximately $58,000. GRIMES & Co WEALTH MANAGEMENT LLC owned about 0.20% of Binah Capital Group at the end of the most recent quarter. Institutional investors and hedge funds own 4.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Binah Capital Group in a report on Friday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Binah Capital Group Company Profile

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.