Tearsheet

Binah Capital (BCG)


Market Price (7/8/2026): $1.55 | Market Cap: $26.0 MilSector: Financials | Industry: Asset Management & Custody Banks

Binah Capital (BCG)


Market Price (7/8/2026): $1.55
Market Cap: $26.0 Mil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.9%, FCF Yield is 18%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -46%

Weak multi-year price returns
2Y Excs Rtn is -112%, 3Y Excs Rtn is -154%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 78%

Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -2.1%

High stock price volatility
Vol 12M is 106%

Key risks
BCG key risks include [1] potential misconduct by its independent financial advisors, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.9%, FCF Yield is 18%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -46%
2 Weak multi-year price returns
2Y Excs Rtn is -112%, 3Y Excs Rtn is -154%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 78%
4 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -2.1%
5 High stock price volatility
Vol 12M is 106%
6 Key risks
BCG key risks include [1] potential misconduct by its independent financial advisors, Show more.

BCG in ETFs

Weight = BCG's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/1/2026

Binah Capital (BCG) stock has lost about 25% since 3/31/2026 because of the following key factors:

1. Negative Analyst Sentiment and Technical Weakness Contributed to Selling Pressure.

Despite Binah Capital Group reporting an 84% increase in GAAP net income to $1.9 million and a 125% rise in diluted EPS to $0.09 for fiscal Q1 2026 (ended March 31, 2026), the stock faced a challenging outlook from the investment community. A consensus "Sell" rating from Wall Street analysts, contrasting with a "Hold" average for the broader finance industry, indicated a bearish sentiment. Additionally, by June 15, 2026, an AI analyst rated BCG as "Neutral" due to weak technical trend signals, and technical analysis on June 30, 2026, further signaled a "Strong Sell". These assessments likely eroded investor confidence and applied downward pressure on the stock.

2. Approved Expansion of Equity Incentive Plan Raised Concerns About Share Dilution.

At its annual meeting on June 12, 2026, Binah Capital Group stockholders approved an amendment to the 2024 Equity Incentive Plan, increasing the number of shares available for issuance by 2,650,000, bringing the total to 4,729,671 shares. This expansion significantly increased the potential for equity overhang from 11.66% to approximately 28.5% if all additional shares are granted, indicating a substantial potential for dilution for existing shareholders.

Show more
Updated on 7/1/2026

Binah Capital (BCG) stock has lost about 25% since 3/31/2026 because of the following key factors:

1. Negative Analyst Sentiment and Technical Weakness Contributed to Selling Pressure.

Despite Binah Capital Group reporting an 84% increase in GAAP net income to $1.9 million and a 125% rise in diluted EPS to $0.09 for fiscal Q1 2026 (ended March 31, 2026), the stock faced a challenging outlook from the investment community. A consensus "Sell" rating from Wall Street analysts, contrasting with a "Hold" average for the broader finance industry, indicated a bearish sentiment. Additionally, by June 15, 2026, an AI analyst rated BCG as "Neutral" due to weak technical trend signals, and technical analysis on June 30, 2026, further signaled a "Strong Sell". These assessments likely eroded investor confidence and applied downward pressure on the stock.

2. Approved Expansion of Equity Incentive Plan Raised Concerns About Share Dilution.

At its annual meeting on June 12, 2026, Binah Capital Group stockholders approved an amendment to the 2024 Equity Incentive Plan, increasing the number of shares available for issuance by 2,650,000, bringing the total to 4,729,671 shares. This expansion significantly increased the potential for equity overhang from 11.66% to approximately 28.5% if all additional shares are granted, indicating a substantial potential for dilution for existing shareholders.

3. Broad Macroeconomic Headwinds Created Market Volatility.

The period of fiscal Q2 2026 was marked by considerable macroeconomic instability. Escalating geopolitical tensions in the Middle East led to a significant surge in crude oil prices, with Brent crude topping $119 per barrel, and heightened inflation risks. These global events contributed to increased market volatility, with equity markets experiencing their "worst two-quarter stretch since 2022", creating a challenging investment climate that impacted Binah Capital Group's stock movement.

4. Lingering Concerns over Financial Leverage and Liquidity Impacted Investor Confidence.

While Binah Capital Group's fiscal Q1 2026 earnings showed improved profitability, earlier financial assessments from April 2026 highlighted underlying concerns regarding the company's financial structure. Specifically, the company had a high total debt-to-equity ratio exceeding 3.03 and displayed liquidity concerns, indicated by a quick ratio of zero. These persistent concerns about financial leverage and liquidity likely weighed on investor sentiment, especially amidst the broader market uncertainty during the period.

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Stock Movement Drivers

Fundamental Drivers

The -22.9% change in BCG stock from 3/31/2026 to 7/7/2026 was primarily driven by a -43.9% change in the company's P/E Multiple.
(LTM values as of)33120267072026Change
Stock Price ($)2.011.55-22.9%
Change Contribution By: 
Total Revenues ($ Mil)182181-0.5%
Net Income Margin (%)1.3%1.8%38.4%
P/E Multiple14.68.2-43.9%
Shares Outstanding (Mil)1717-0.2%
Cumulative Contribution-22.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/7/2026
ReturnCorrelation
BCG-22.9% 
Market (SPY)15.0%12.4%
Sector (XLF)13.5%9.8%

Fundamental Drivers

The -46.2% change in BCG stock from 12/31/2025 to 7/7/2026 was primarily driven by a -82.3% change in the company's P/E Multiple.
(LTM values as of)123120257072026Change
Stock Price ($)2.881.55-46.2%
Change Contribution By: 
Total Revenues ($ Mil)1771812.4%
Net Income Margin (%)0.6%1.8%196.8%
P/E Multiple46.18.2-82.3%
Shares Outstanding (Mil)1717-0.3%
Cumulative Contribution-46.2%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/7/2026
ReturnCorrelation
BCG-46.2% 
Market (SPY)9.9%16.1%
Sector (XLF)2.9%22.4%

Fundamental Drivers

The -24.0% change in BCG stock from 6/30/2025 to 7/7/2026 was primarily driven by a -27.0% change in the company's P/S Multiple.
(LTM values as of)63020257072026Change
Stock Price ($)2.041.55-24.0%
Change Contribution By: 
Total Revenues ($ Mil)1721815.0%
P/S Multiple0.20.1-27.0%
Shares Outstanding (Mil)1717-0.9%
Cumulative Contribution-24.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/7/2026
ReturnCorrelation
BCG-24.0% 
Market (SPY)22.0%12.9%
Sector (XLF)8.3%14.3%

Fundamental Drivers

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Market Drivers

6/30/2023 to 7/7/2026
ReturnCorrelation
BCG  
Market (SPY)74.6%2.3%
Sector (XLF)73.7%6.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BCG Return----69%-2%-47%-84%
Peers Return53%5%11%48%9%9%215%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
BCG Win Rate---40%42%0% 
Peers Win Rate68%57%53%77%53%63% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
BCG Max Drawdown-----54%-48% 
Peers Max Drawdown-16%-32%-25%-19%-29%-23% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: LPLA, RJF, SF, AMP, OPY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/7/2026 (YTD)

How Low Can It Go

EventBCGS&P 500
2025 US Tariff Shock
  % Loss-12.0%-18.8%
  % Gain to Breakeven13.6%23.1%
  Time to Breakeven2 days79 days

Compare to LPLA, RJF, SF, AMP, OPY

In The Past

Binah Capital's stock fell -12.0% during the 2025 US Tariff Shock. Such a loss loss requires a 13.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

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Compare to LPLA, RJF, SF, AMP, OPY

In The Past

Binah Capital's stock fell -12.0% during the 2025 US Tariff Shock. Such a loss loss requires a 13.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Binah Capital (BCG)

Binah Capital Group (BCG) - Business Description

Binah Capital Group, Inc. (BCG) operates within the wealth management sector, primarily functioning as a crucial partner for financial advisors. The company empowers advisors by providing them with the essential platforms and comprehensive support services needed to manage their clients' investments and grow their practices efficiently.

The company offers a diverse range of investment products and services. This includes access to execution services for traditional assets such as stocks, bonds, exchange-traded funds (ETFs), and options. Beyond these, Binah Capital also provides mutual funds, various insurance products, and alternative investments like non-traded real estate investment trusts (REITs), unit trusts, and fixed and variable annuities. A significant part of its offering involves delivering critical back-office support services to financial advisors, covering areas such as research, compliance, supervision, and accounting.

Binah Capital's primary customers are financial advisors, whom it equips with a full suite of tools and administrative support. By serving these advisors, the company indirectly facilitates a wide array of investment opportunities and wealth management solutions for the ultimate individual and institutional clients seeking to manage and grow their assets.

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LPL Financial for independent financial advisors.

A Charles Schwab specifically designed to support other financial advisors.

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  • Investment Execution Services: Provides clients with access to execution services for trading stocks, bonds, exchange-traded funds (ETFs), and options.
  • Financial Advisor Support Services: Offers financial advisors research, compliance, supervision, and accounting services.
  • Mutual Funds and Insurance Products: Provides access to a variety of mutual funds and insurance products for clients.
  • Alternative Investments: Offers alternative investment options including non-traded real estate investment trusts (REITs), unit trusts, and fixed and variable annuities.
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AI Analysis | Feedback

Binah Capital Group, Inc. (BCG) primarily serves other companies and professionals within the wealth management industry.

Its major customers are financial advisors and financial advisory firms. Binah Capital provides these entities with various services, including access to execution services for stocks, bonds, exchange-traded funds, and options, as well as research, compliance, supervision, and accounting services. Additionally, it offers access to a range of products such as mutual funds, insurance products, and alternative investments like non-traded real estate investment trusts, unit trusts, and fixed and variable annuities, all intended for use by financial advisors to serve their own clients.

The provided company description does not list the names of specific financial advisory companies that are customers of Binah Capital, nor does it indicate any of its customers are publicly traded entities with associated symbols.

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The Bank of New York Mellon Corporation (NYSE: BK)

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Craig Gould, Chief Executive Officer and Chairman

Mr. Gould has over 25 years of experience in senior management roles within the financial services industry, including Chief Executive Officer, National Sales Manager, and Head of Investment Banking. He founded Cabot Lodge Securities as its President in 2012. Prior to that, he served as President of Fintegra, a Midwest broker/dealer, and National Sales Manager for Wunderlich Securities. Before Wunderlich Securities, he was the Vice Chairman of Olympic Cascade Financial Corporation, an AMEX-listed company. Under Mr. Gould's leadership, Binah Capital Group achieved a successful public listing, significant growth, and developed a robust network of broker-dealers, insurance brokerages, and advisory firms. He believes that operating as a public company offers a significant advantage over private equity-backed firms, indicating a strategic preference away from private equity influence.

David Shane, Chief Financial Officer and Director

Mr. Shane serves as the Company's Chief Financial Officer and has over 30 years of experience in the financial services industry. He previously worked as an independent consultant, offering financial advisory services such as accounting, financial reporting, regulatory reporting, and transaction structuring to companies, primarily in the Financial Services Industry. His experience includes working with securities broker-dealers, registered investment advisors, asset management companies, and alternative asset companies, including private equity, venture capital, and hedge funds. Mr. Shane has extensive public accounting experience as a Financial Services Audit Partner for RSM and FGMK, LLC, and has experience in mergers and acquisitions, capital raising, and transaction structuring. He has also served as Chief Financial Officer for other financial services companies, most recently as CFO of Sanctuary Wealth.

Ryan Marcus, Chief Business Development and Engagement Officer

Mr. Marcus was appointed in May 2025 and is responsible for leading the development and implementation of long-term business strategies for Binah Capital Group's network of broker-dealers. He brings a strong background in strategic growth and wealth management, having previously led business development and client engagement initiatives at MarketCounsel.

Kathrine Flouton, President and Chief Executive Officer of Purshe Kaplan Sterling Investments, Inc.

Ms. Flouton holds the position of President and Chief Executive Officer of Purshe Kaplan Sterling Investments, Inc., a subsidiary of Binah Capital Group, Inc.

Roger Farrell Leibowitz, Chief Financial Officer of Cabot Lodge Securities, LLC

Mr. Leibowitz serves as the Chief Financial Officer of Cabot Lodge Securities, LLC, which is a subsidiary of Binah Capital Group, Inc.

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The key risks to Binah Capital Group, Inc. (BCG) primarily stem from the highly regulated nature of the wealth management industry, its reliance on independent financial advisors, and exposure to market fluctuations and intense competition.

  1. Regulatory Risks and Advisor Misconduct: Binah Capital Group is subject to extensive regulation by bodies such as the SEC, FINRA, and state regulators. Changes in these regulations, increased compliance costs, or the imposition of sanctions could significantly impact the company's operations and financial performance. A particularly acute risk for Binah Capital, given its business model of supporting independent financial advisors, is the potential for misconduct by these advisors. Such actions could lead to severe regulatory sanctions and significant reputational damage to the company.
  2. Market Risks: As a company operating in the wealth management sector, Binah Capital Group's financial results are inherently exposed to fluctuations in financial markets. Changes in interest rates, credit spreads, and equity prices can adversely affect the value of assets under management, client investment decisions, and consequently, the company's revenue and profitability.
  3. Intense Competition: Binah Capital Group operates within a highly competitive wealth management industry. The company faces competition from larger firms that often possess greater financial and operational resources. This competitive pressure can impact Binah Capital's ability to attract and retain financial advisors and clients, potentially affecting its growth and market share.

AI Analysis | Feedback

  • The increasing adoption of robo-advisors and automated investment platforms poses a clear emerging threat. These technology-driven solutions offer low-cost investment management directly to consumers, potentially reducing the demand for services provided by traditional human financial advisors, who are Binah Capital's primary client base.
  • Continued fee compression and the pervasive trend towards zero-commission trading in the brokerage industry represent an emerging threat. This development puts significant pressure on the revenue generated from execution services, a core offering from Binah Capital, and also impacts the overall profitability of the financial advisors Binah Capital supports.

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The addressable markets for Binah Capital Group, Inc.'s main products and services are substantial, primarily within the U.S. market. Here are the estimated market sizes for their key offerings: * **Wealth Management:** The U.S. wealth management market, measured by assets under management (AUM), was approximately $144.6 trillion in 2024. Furthermore, investable assets within the U.S. wealth management industry were valued at $62 trillion in the first quarter of 2024 and are projected to grow to $85 trillion in AUM by 2028. * **Investment Advisory and Brokerage/Execution Services (Stocks, Bonds, ETFs, Options):** The U.S. Financial Advisory Market, in terms of assets under management, was estimated at USD 90.54 trillion in 2025 and is anticipated to grow to USD 101.74 trillion by 2030. A more specific segment, the Portfolio Management & Investment Advice market in the U.S., was valued at $603.0 billion in 2025. * **Mutual Funds:** The U.S. mutual funds market was valued at USD 34.58 Trillion in 2024 and is projected to reach USD 43.25 Trillion by 2030. * **Insurance Products (including Fixed and Variable Annuities):** The overall U.S. insurance market size was USD 3.7 trillion in 2024 and is expected to expand to USD 9.1 trillion by 2032. The life/annuity insurance sector in the U.S. alone accounted for $822.6 billion in net premiums written in 2024. * **Alternative Investments (e.g., Non-Traded Real Estate Investment Trusts, Unit Trusts):** Global alternative assets under management are projected to reach $29.2 trillion by 2029 and could surpass $30 trillion by 2030. In the U.S., alternative investments have represented approximately $12 trillion of the total assets under management.

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Binah Capital Group, Inc. (BCG) is expected to drive future revenue growth over the next 2-3 years through several key strategies centered around expanding its wealth management operations.

One primary driver is the **growth in Assets Under Management (AuM)**. Binah Capital has consistently reported increases in its AuM, with an 11% year-over-year rise to $30.0 billion by the third quarter of 2025, an 11% increase to $28 billion in Q2 2025, and a 13% increase to $27 billion in Q4 2024. This growth in managed assets directly contributes to higher advisory and brokerage fees, which form a significant part of the company's revenue.

Another significant driver is an **external growth strategy focusing on acquisitions and the recruitment of new businesses and financial advisors**. The company's CEO, Craig Gould, indicated a "robust acquisition and recruiting pipeline" for 2025, with ongoing efforts to "onboard additional new businesses". This inorganic growth approach, exemplified by welcoming a recently acquired Commonwealth Team to its broker-dealer platform in late 2025, expands Binah Capital's network and client base.

Furthermore, the company's **advisor-centric platform and hybrid-friendly business model** are crucial for attracting and retaining financial advisors. Management has highlighted this differentiated platform as a key factor in its growth opportunities and advisor platform momentum. By supporting independent and hybrid advisory firms, Binah Capital aims to increase the number of advisors utilizing its services, thereby expanding its overall assets and revenue streams from commissions and advisory fees.

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Share Issuance

  • Binah Capital Group has a shelf registration statement that allows for the issuance of up to 14,442,665 shares of Common Stock upon the exercise of warrants.
  • In 2024, a private placement was completed, resulting in investors purchasing 150,000 shares of Series B Preferred Stock for $1.5 million at $10.00 per share.
  • On February 25, 2026, the CEO, Craig Gould, was granted 94,828 fully vested restricted shares of common stock under the company's 2024 Equity Incentive Plan.

Inbound Investments

  • Binah Capital Group refinanced its senior credit facility with Byline Bank, securing a $20.3 million term loan as of March 31, 2025.
  • A $1.5 million private placement in 2024 involved investors acquiring 150,000 shares of Series B Preferred Stock at $10.00 per share.

Outbound Investments

  • Subsequent to the first quarter of 2025, Binah Capital Group welcomed Bleakley Financial Group, an acquisition that contributed to revenue growth and strengthened its platform.
  • In December 2025, a Chicago-based advisory team, recently acquired by Merit Financial Advisors, chose Binah's PKS Investments to route approximately $1.2 billion in client assets for commission-based business.

Capital Expenditures

  • Binah Capital invested $47K in capital expenditures during Q3 2025, primarily for funding long-term assets and infrastructure.
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Better Bets vs. Binah Capital (BCG)

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BCGLPLARJFSFAMPOPYMedian
NameBinah Ca.LPL Fina.Raymond .Stifel F.Ameripri.Oppenhei. 
Mkt Price1.55307.58167.6074.97507.84113.97140.78
Mkt Cap0.024.632.911.747.41.218.1
Rev LTM18118,25814,4775,68818,9381,71510,083
Op Inc LTM71,635---434434
FCF LTM5-1,0772,3848926,94187490
FCF 3Y Avg2-2421,7796436,165-22323
CFO LTM5-4612,5769867,09691538
CFO 3Y Avg22921,9757166,335-14504

Growth & Margins

BCGLPLARJFSFAMPOPYMedian
NameBinah Ca.LPL Fina.Raymond .Stifel F.Ameripri.Oppenhei. 
Rev Chg LTM5.0%38.1%7.8%13.8%8.4%18.5%11.1%
Rev Chg 3Y Avg2.2%27.1%9.4%9.8%9.6%13.8%9.7%
Rev Chg Q-2.1%34.6%13.3%18.1%10.5%21.0%15.7%
QoQ Delta Rev Chg LTM-0.5%7.5%3.2%4.1%2.5%4.7%3.6%
Op Inc Chg LTM-1.0%-5.8%---39.7%-1.0%
Op Inc Chg 3Y Avg-159.1%2.6%---24.1%2.6%
Op Mgn LTM3.9%9.0%---25.3%9.0%
Op Mgn 3Y Avg2.2%12.4%---23.4%12.4%
QoQ Delta Op Mgn LTM0.1%-0.2%----0.6%-0.2%
CFO/Rev LTM2.6%-2.5%17.8%17.3%37.5%5.3%11.3%
CFO/Rev 3Y Avg1.3%3.3%14.6%13.8%36.1%-1.3%8.5%
FCF/Rev LTM2.5%-5.9%16.5%15.7%36.7%5.1%10.4%
FCF/Rev 3Y Avg1.3%-0.6%13.1%12.4%35.2%-1.9%6.8%

Valuation

BCGLPLARJFSFAMPOPYMedian
NameBinah Ca.LPL Fina.Raymond .Stifel F.Ameripri.Oppenhei. 
Mkt Cap0.024.632.911.747.41.218.1
P/S0.11.32.32.02.50.71.7
P/Op Inc3.715.1---2.83.7
P/EBIT4.415.1--9.05.47.2
P/E8.227.415.313.212.212.512.8
P/CFO5.6-53.512.811.86.713.49.3
Total Yield12.2%4.0%6.5%9.4%9.5%9.5%9.4%
Dividend Yield0.0%0.4%0.0%1.8%1.3%1.5%0.8%
FCF Yield 3Y Avg8.0%-0.8%6.3%6.2%13.9%-5.8%6.3%
D/E1.00.30.10.10.10.60.2
Net D/E0.80.3-0.4-0.2-1.20.60.0

Returns

BCGLPLARJFSFAMPOPYMedian
NameBinah Ca.LPL Fina.Raymond .Stifel F.Ameripri.Oppenhei. 
1M Rtn0.0%6.6%11.1%6.0%11.7%17.1%8.8%
3M Rtn-28.2%3.5%18.1%2.4%18.0%18.9%10.7%
6M Rtn-42.2%-18.2%-0.0%-14.8%0.2%54.4%-7.4%
12M Rtn-20.5%-18.9%8.0%6.5%-4.1%73.0%1.2%
3Y Rtn-83.7%38.6%67.7%99.2%59.0%206.5%63.3%
1M Excs Rtn1.4%6.5%12.8%6.0%12.7%14.5%9.6%
3M Excs Rtn-44.6%-8.9%5.2%-10.5%4.9%12.0%-2.0%
6M Excs Rtn-52.8%-24.2%-6.2%-20.9%-5.9%48.1%-13.6%
12M Excs Rtn-41.6%-39.1%-13.3%-14.7%-24.8%52.5%-19.8%
3Y Excs Rtn-154.4%-27.7%-1.3%29.4%-11.1%123.9%-6.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Variable annuities and other insurance commissions107100102105103
Advisory fees2925222318
Mutual fund commissions2421192022
Securities commissions1212111313
Alternative investments116 1211
Interest and other income55864
Alternative investment  6  
Total187169168179171


Price Behavior

Price Behavior
Market Price$1.55 
Market Cap ($ Bil)0.0 
First Trading Date03/27/2024 
Distance from 52W High-50.2% 
   50 Days200 Days
DMA Price$1.73$2.02
DMA Trenddowndown
Distance from DMA-10.4%-23.4%
 3M1YR
Volatility72.3%106.3%
Downside Capture264.94155.27
Upside Capture24.0092.01
Correlation (SPY)9.4%13.0%
BCG Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta0.120.240.540.771.090.10
Up Beta0.10-0.200.200.632.530.62
Down Beta-0.97-1.66-1.920.03-0.44-0.25
Up Capture32%2%30%48%88%1%
Bmk +ve Days11244067140429
Stock +ve Days7152147105231
Down Capture62%196%246%148%135%97%
Bmk -ve Days10172358112321
Stock -ve Days11223669129307

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BCG
BCG-22.1%106.5%0.22-
Sector ETF (XLF)6.7%14.7%0.2214.4%
Equity (SPY)20.7%12.5%1.2213.2%
Gold (GLD)23.0%27.8%0.736.8%
Commodities (DBC)22.9%18.6%0.976.7%
Real Estate (VNQ)13.6%13.8%0.687.7%
Bitcoin (BTCUSD)-41.8%42.8%-1.1415.0%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BCG
BCG-30.4%147.1%0.06-
Sector ETF (XLF)10.7%18.6%0.446.1%
Equity (SPY)13.3%17.1%0.602.3%
Gold (GLD)17.8%18.3%0.79-5.0%
Commodities (DBC)7.6%19.5%0.29-3.9%
Real Estate (VNQ)3.1%18.9%0.063.6%
Bitcoin (BTCUSD)13.2%53.5%0.4312.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BCG
BCG-16.6%147.1%0.06-
Sector ETF (XLF)14.1%22.1%0.586.1%
Equity (SPY)15.7%17.9%0.752.3%
Gold (GLD)11.6%16.1%0.59-5.0%
Commodities (DBC)6.2%18.0%0.27-3.9%
Real Estate (VNQ)5.6%20.7%0.233.6%
Bitcoin (BTCUSD)57.9%66.2%0.9812.8%

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Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 531202678.1%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity16.8 Mil
Short % of Basic Shares0.1%

Earnings Returns History

Updated 6/18/2026
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/15/2026-10.3%-8.2%-13.0%
11/13/202521.4%63.5%44.6%
8/14/2025-4.1%-7.9%-31.2%
5/15/20251.7%3.5%-10.0%
SUMMARY STATS   
# Positive221
# Negative223
Median Positive11.6%33.5%44.6%
Median Negative-7.2%-8.0%-13.0%
Max Positive21.4%63.5%44.6%
Max Negative-10.3%-8.2%-31.2%
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/15/2026-10.3%-8.2%-13.0%
11/13/202521.4%63.5%44.6%
8/14/2025-4.1%-7.9%-31.2%
5/15/20251.7%3.5%-10.0%
SUMMARY STATS   
# Positive221
# Negative223
Median Positive11.6%33.5%44.6%
Median Negative-7.2%-8.0%-13.0%
Max Positive21.4%63.5%44.6%
Max Negative-10.3%-8.2%-31.2%

SEC Filings

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Report DateFiling DateFiling
03/31/202605/15/202610-Q
12/31/202503/31/202610-K
09/30/202511/13/202510-Q
06/30/202508/13/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/202510-K
09/30/202411/14/202410-Q
06/30/202408/15/202410-Q
03/31/202405/24/202410-Q
12/31/202304/16/202410-K
09/30/202302/14/2024424B3
06/30/202309/22/2023S-4/A
09/30/202202/10/2023S-4/A
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Report DateFiling DateFiling
03/31/202605/15/202610-Q
12/31/202503/31/202610-K
09/30/202511/13/202510-Q
06/30/202508/13/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/202510-K
09/30/202411/14/202410-Q
06/30/202408/15/202410-Q
03/31/202405/24/202410-Q
12/31/202304/16/202410-K
09/30/202302/14/2024424B3
06/30/202309/22/2023S-4/A
09/30/202202/10/2023S-4/A

Insider Activity

Updated 5/20/2026
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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Shane, David MChief Financial OfficerDirectBuy52020261.663,0004,9804,980Form
2Gould, CraigChief Executive OfficerDirectBuy52020261.683,0005,0401,713,442Form
3Gould, CraigChief Executive OfficerDirectBuy111920251.555,0007,7391,427,192Form
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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Shane, David MChief Financial OfficerDirectBuy52020261.663,0004,9804,980Form
2Gould, CraigChief Executive OfficerDirectBuy52020261.683,0005,0401,713,442Form
3Gould, CraigChief Executive OfficerDirectBuy111920251.555,0007,7391,427,192Form
Core Cache Last Updated: 7/7/2026