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Equity Actions

HASI

HASI has increased its quarterly dividend from $0.3950 to $0.4150 per share and announced a 2% discount on its 2023 Dividend Reinvestment and Stock Purchase Plan for Q1 of 2024. The dividend will be paid on April 19, 2024, to stockholders of record as of April 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:06 pm

GE

GEHC

GE HealthCare Technologies (GEHC) announced a secondary underwritten public offering of 13 million shares. General Electric (GE) plans to exchange these shares for debt held by Morgan Stanley entities before the offering closes. Morgan Stanley & Co. LLC will then sell the exchanged shares to the offering's underwriters.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:57 pm

TOST

Toast, Inc. (NYSE:TOST) shares surged in after-hours trading following its Q4 earnings report, which exceeded analyst expectations. The company reported a smaller-than-expected quarterly loss of 7 cents per share and sales of $1.04 billion, surpassing estimates. Additionally, Toast announced a $250 million share repurchase program and provided optimistic guidance for Q1 and full-year 2024, forecasting significant growth in gross profit and adjusted EBITDA.

Portfolio Pulse from Erica Kollmann

February 15, 2024 | 9:54 pm

GE

GE announced the filing of a Form 10 registration statement for the spin-off of GE Vernova, a company focused on electrification and decarbonization, expected to become a standalone public company in early April. GE Vernova is positioned for growth in the energy transition market, with a $1.4 trillion opportunity. The spin-off, intended to be tax-free for U.S. federal income tax purposes, will see GE Vernova listed on the NYSE under the ticker 'GEV'. The move is part of GE's strategy to form well-capitalized, investment-grade companies, including GE Vernova and GE Aerospace.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:51 pm

COO

CooperCompanies announced a 4-for-1 stock split, set to take effect on February 16. This move is likely aimed at making the company's shares more accessible to a broader range of investors by reducing the price per share, without affecting the overall market capitalization.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:48 pm

TNET

TriNet, a provider of HR solutions, announced the retirement of its CEO Burton M. Goldfield and the appointment of Mike Simonds as the new President and CEO. Goldfield's leadership has been pivotal in TriNet's growth, and Simonds, with his experience, is expected to continue this trajectory.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:47 pm

MODD

Modular Medical has announced a proposed public offering. This move is aimed at raising capital, potentially for expansion or operational purposes. The specifics of the offering, such as the number of shares to be offered and the price range, have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:46 pm

TTD

The Trade Desk, Inc. (NASDAQ:TTD) reported mixed Q4 results with earnings per share of 41 cents, missing estimates by 4.65%, but surpassed sales expectations with $605.8 million, a 23.45% increase year over year. The company also announced an additional $647 million for its share repurchase program and provided a positive outlook for Q1 with expected revenue of at least $478 million. Following the announcement, TTD shares surged 18.8% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 15, 2024 | 9:38 pm

TTD

Trade Desk's board has approved an additional $647 million for its share repurchase program, restoring the total available for future repurchases to $700 million. As of December 31, 2023, the company had $53 million already authorized for repurchases.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:37 pm

WNC

Wabash has announced an increase in its stock repurchase program by up to an additional $150 million.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:35 pm