B. Riley & Co. Acts as Sell-Side Advisor to Luna Innovations Incorporated in the Sale of its High-Speed Optical Receivers Technology to MACOM Technology Solutions Holdings, Inc.
- Press Release
Los Angeles, CA January 18, 2011-- B. Riley & Co. LLC (B. Riley) www.brileyco.com, a broker dealer providing research and trading to institutional clients and investment banking services, announced that the firm has been ranked #1 based on returns on its 2010 Buy recommendations—this according to the Research League Tables published by Investars.
For the period January 1, 2010 thru December 31, 2010, B. Riley’s Buy recommendations returned 44.6 %, which placed it at the top in all categories tracked by Investars, including Regional, Major Fundamental/Bulge Bracket, Specialized/Sponsored, and Quantitative League Tables.
B. Riley has consistently been top ranked by several independent monitoring sources for its Buy and Sell Recommendations, “and that recognition has been particularly rewarding in the last three years,” said Ian Corydon, Director of Research. “We’ve outperformed in the toughest of markets, when our clients needed accurate guidance the most.”
In 2010, B. Riley’s analysts earned top rankings in the Forbes 3rd Annual Blue Chip Analyst Awards in the Computer Software & Services Industry and Banks & Thrifts categories.
In the most recent Integrity Research Associates report of October 2010, B. Riley earned a top spot in the “Steady and Strong Performers—High Batting Averages and High Returns” category, scoring a 3-year return of 30.27% and a Buy Batting Average of 70.74%.
Investars is an independent provider of research compliance and performance tracking tools, and its Research League Tables rank leading equity research providers according to the historical performance of their recommendations.
Information contained herein should not be considered an offer or solicitation to buy or sell securities. Past performance is not a guarantee of future results.