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HCI

HCI Group Inc has filed for a mixed shelf offering according to a recent SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:05 pm

CYA

Simplify Asset Management Inc. has announced a 1-for-20 reverse split for the Simplify Tail Risk Strategy ETF, effective after market close on February 9, 2024. Trading on a split-adjusted basis will begin on February 12, 2024. The reverse split will reduce the number of shares and increase the NAV and market price per share by 20 times, without changing the total value of shareholders' investments. Fractional shares resulting from the split will be redeemed for cash, which may have tax implications. The reverse split will not be a taxable event for shareholders, and no transaction fee will be imposed for the redemption of fractional shares. Authorized participants may have odd-lot shares due to the split, with a one-time redemption opportunity.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 8:59 pm

TJX

TJX Companies Inc. (NYSE:TJX) stock is currently priced at $95.48, experiencing a slight drop of 0.02%. Despite this, the stock has seen a 2.26% increase over the past month and a 16.72% rise over the past year. The P/E ratio of TJX is 26.98, which is below the Specialty Retail industry average of 27.99. This could indicate that TJX's stock is undervalued or that investors have lower growth expectations compared to its industry peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative factors when evaluating the company's stock.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 8:30 pm

CDE

FEAM

X

Coeur Mining, Inc. (CDE) reported significant drilling results from its Silvertip project, with high-grade mineral intercepts. Nippon Steel Corp.'s (NISTF) acquisition of United States Steel Corp. (X) was defended by Larry Summers, citing benefits to the U.S. steel industry. 5E Advanced Materials, Inc. (FEAM) completed a $10 million equity financing round to advance mining operations.

Portfolio Pulse from Austin DeNoce

January 22, 2024 | 8:02 pm

TCBI

Texas Capital Bancshares (NASDAQ:TCBI) received mixed ratings from 10 analysts in the past three months, with an average 12-month price target of $68.3, a slight decline from the previous average. Ratings range from 'Overweight' to 'Neutral', with recent actions including both raised and lowered price targets. The company faces challenges with a negative revenue trend, below-average net margin, ROE, and ROA, and a high debt-to-equity ratio. Analysts' ratings are based on in-depth financial analysis and market conditions.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 8:01 pm

ALTM

Arcadium Lithium (NYSE:ALTM) has received mixed analyst ratings in the last three months, with 2 somewhat bullish and 2 indifferent ratings. The average 12-month price target is now $8.32, significantly lower than the previous $30.00, indicating a bearish sentiment shift. Arcadium Lithium, a lithium producer from the Allkem-Livent merger, faces revenue challenges but has strong profitability indicators like net margin and ROE.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 8:01 pm

GAIN

Gladstone Investment Corporation (NASDAQ:GAIN) has seen its stock increase by 1.16% over the past month and 7.48% over the past year. Currently trading at $14.43, the company has a P/E ratio of 6.33, which is significantly lower than the Capital Markets industry average of 36.44. This could suggest that GAIN is undervalued or that shareholders have lower growth expectations compared to its industry peers.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 8:00 pm

ELGP

Elate Group has announced the offering of each common unit at an IPO price of $4.25 per common unit.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:26 pm

GBTC

FTX's bankruptcy estate sold its entire stake in Grayscale Bitcoin Trust (GBTC), valued at nearly $1 billion, contributing to half of the $2 billion outflows from GBTC since it became an ETF. The sale occurred after the SEC approved the trading of several spot Bitcoin ETFs, including GBTC's conversion from a closed-end fund. Despite the new ETFs, GBTC has seen substantial withdrawals, and Bitcoin's price has declined since the ETF approvals.

Portfolio Pulse from Murtuza Merchant

January 22, 2024 | 7:26 pm

RF

Regions Financial Corporation (NYSE:RF) has received mixed analyst ratings over the past three months, with 11 analysts providing diverse outlooks. The average 12-month price target has been raised to $19.6, reflecting an 8.59% increase from the previous target. Analysts from firms such as Keefe, Bruyette & Woods, RBC Capital, and Jefferies have raised their price targets, while Morgan Stanley and JP Morgan have lowered theirs. Regions Financial's financials show a negative revenue trend with a -0.54% decline in growth, but strong net margin and ROE figures. The company's market capitalization is above industry benchmarks, indicating a strong market presence.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 7:00 pm