Binah Capital Group (NASDAQ:BCG) Shares Up 0.3% – Here’s What Happened

Shares of Binah Capital Group, Inc. (NASDAQ:BCG) shot up 0.3% during mid-day trading on Friday . The stock traded as high as $1.5505 and last traded at $1.55. 6,066 shares changed hands during trading, a decline of 89% from the average session volume of 57,068 shares. The stock had previously closed at $1.5450.

Analyst Ratings Changes

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

Binah Capital Group Trading Up 0.3%

The company has a market capitalization of $26.06 million, a price-to-earnings ratio of 11.07 and a beta of 0.27. The firm has a 50-day moving average price of $1.92 and a 200-day moving average price of $2.19.

Binah Capital Group (NASDAQ:BCG) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $48.70 million for the quarter. Binah Capital Group had a return on equity of 260.70% and a net margin of 1.70%.

Hedge Funds Weigh In On Binah Capital Group

An institutional investor recently raised its position in Binah Capital Group stock. State Street Corp increased its stake in Binah Capital Group, Inc. (NASDAQ:BCG) by 54.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,100 shares of the company’s stock after acquiring an additional 8,800 shares during the quarter. State Street Corp owned approximately 0.15% of Binah Capital Group worth $72,000 at the end of the most recent quarter. 4.97% of the stock is currently owned by institutional investors and hedge funds.

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.