Streetbeat News

Assets

VRTS

Virtus Investment Partners reported preliminary assets under management (AUM) of $183.7 billion and other fee-earning assets of $2.4 billion, totaling $186.1 billion as of September 30, 2024. The increase is due to market performance and positive net flows in retail separate accounts, despite net outflows in institutional accounts and open-end funds.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 11:20 am

MAIN

Main Street Capital originated or increased commitments in its private loan portfolio by $270.3M and funded total investments of $309.3M in Q3 2024. Notable investments include loans to tech-enabled marketing, industrial equipment services, tourism, and various other sectors.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 11:13 am

LAZ

Lazard's preliminary assets under management (AUM) as of September 30, 2024, totaled approximately $247.7 billion, with market appreciation of $3 billion, foreign exchange appreciation of $1.5 billion, and net outflows of $1.3 billion. The average AUM for the quarter was $246.0 billion.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 10:55 am

AAPL

AMZN

MSFT

Amazon, led by Jeff Bezos, is projected to have nearly as much cash as Apple and Microsoft combined by 2027, with a significant increase in cash reserves expected by the end of 2024. This marks a shift from its historical focus on reinvestment. Wall Street speculates on potential shareholder returns through buybacks or dividends. Amazon's strategic moves include a significant investment by Ark Invest and a large hiring spree for the holiday season.

Portfolio Pulse from Rounak Jain

October 10, 2024 | 10:54 am

AESI

Atlas Energy Solutions has revised its Q3 2024 guidance, expecting revenue between $300M-$310M and adjusted EBITDA of $70M-$75M, below previous estimates. The company will also book a $9M asset write-down.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 10:13 am

BRK

Berkshire Hathaway has raised $1.9 billion through a yen-denominated bond sale, marking its largest Samurai bond issuance in five years. This move is part of Warren Buffett's strategy to increase exposure to Japanese financial markets, aligning with his long-term investment philosophy.

Portfolio Pulse from Benzinga Neuro

October 10, 2024 | 8:49 am

DUK

NEE

Hurricane Milton caused significant power outages in Florida, affecting over 2 million residents. Major utility companies like NextEra Energy, Duke Energy, and Tampa Electric reported substantial outages. The storm's impact extended to North Carolina and Georgia, affecting various sectors.

Portfolio Pulse from Kaustubh Bagalkote

October 10, 2024 | 7:55 am

BSET

Bassett Furniture Industries has made progress on its restructuring plan announced in July, aiming to improve its bottom line by $5.5M to $6.5M annually.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 9:31 pm

DIS

Significant options trading activity has been detected for Walt Disney (NYSE:DIS), with a mix of bullish and bearish sentiment. Large investors are targeting a price range of $50 to $155, with a notable volume of call and put options. The stock is currently trading at $93.5, up 1.07%, and may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 8:48 pm