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ATGE

Adtalem Global Education Inc. (NYSE:ATGE) has announced a new $300 million share repurchase program, following the completion of its previous $300 million repurchase program. The company has reduced its shares outstanding by 23% since February 2022 at an average price of $39.85 per share. The new program is part of Adtalem's 'Growth with Purpose' strategy and reflects confidence in its long-term outlook, supported by strong operating cash flow. The repurchases will be funded through cash balances and operating cash generation, and may occur through various methods, including open market purchases and privately negotiated transactions. Adtalem will also announce its fiscal 2024 second-quarter results on February 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:05 pm

PHUN

Phunware has announced a registered direct offering of approximately 56 million shares at a price of $0.10 per share, aiming to raise $5.6 million in capital.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:04 pm

BCAL

Southern California Bancorp (NASDAQ:BCAL), the holding company for Bank of Southern California, announced the retirement of Chairman Emeritus and Director John Farkash, effective January 16, 2024. Farkash, a Founding Director since 2002, has been pivotal in the company's growth from a few million to $1.6 billion in assets. David Rainer, Chairman and CEO, acknowledged Farkash's significant contributions to the company's development and success. Farkash expressed pride in his role and confidence in the company's future.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:03 pm

GENI

Genius Sports (NYSE:GENI) received varied analyst ratings in the last quarter, with 4 bullish ratings. Over the past 30 days, there has been a shift in sentiment with a decrease in the average price target by 20%, now averaging $10.00 with a high of $12.00 and a low of $9.00. Analysts from Needham and Craig-Hallum have maintained or lowered their price targets. Genius Sports, a B2B provider for the sports and betting industries, has seen a 29.34% revenue growth but struggles with profitability and efficiency, as indicated by below-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 1:01 pm

CMI

Cummins (NYSE:CMI) has been reviewed by 4 analysts in the past three months, with ratings ranging from somewhat bullish to somewhat bearish. The average 12-month price target is $247.75, down from the previous $249.00. Analysts from B of A Securities, JP Morgan, and Morgan Stanley have adjusted their price targets and ratings, reflecting their views on Cummins' market position and financial performance. Cummins is a leading manufacturer of diesel engines and powertrain components, facing competition and regulatory challenges but showing strong revenue growth and financial health.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 1:00 pm

TEX

Terex Corporation (NYSE:TEX) has been analyzed by four analysts, showing a range of opinions. The average 12-month price target is now $58.25, down from $69.33, with a high estimate of $63.00 and a low of $52.00. Analysts from B of A Securities, Jefferies, UBS, and Goldman Sachs have adjusted their ratings and price targets. Terex's financials show positive revenue growth, high net margin, and strong ROE and ROA, with a conservative debt-to-equity ratio. The company focuses on aerial work platforms, materials processing equipment, and specialty equipment.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 1:00 pm

ALLY

SYF

Synchrony Financial is set to acquire Ally Financial's point of sale financing business, including $2.2 billion of loan receivables. Ally anticipates the sale will boost its CET1 ratio by about 15 basis points. The transaction is expected to close in Q1 of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:38 pm

STT

State Street Corp has announced a new authorization to repurchase up to $5 billion of its common shares. This new buyback program does not have a set expiration date, allowing the company flexibility in managing its share repurchases.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:37 pm

VERO

Venus Concept has disclosed the issuance of convertible notes worth $2.0 million. These notes can be converted into shares of the company at a later date, which could potentially dilute the current shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:33 pm

KIRK

Kirkland has announced the promotion of Amy Sullivan to the position of Chief Executive Officer, effective February 4, 2024. Sullivan will be succeeding Ann Joyce, who will continue to serve on the company's Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:05 pm