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Equity Actions

NTCO

Natura &Co (NTCO) has announced its plan to delist its American Depositary Shares (ADSs) from the NYSE, while keeping its primary listing on the B3 stock exchange in São Paulo. The decision aligns with the company's strategy to simplify operations, given the low trading volume of its ADSs on the NYSE. The delisting is expected to be effective 10 days after filing a Form 25 with the SEC, with trading suspension anticipated around February 9, 2024. Natura &Co will not seek another exchange for the ADRs and will continue to uphold high disclosure standards in Brazil.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:52 pm

STT

State Street Corporation (NYSE:STT) reported Q4 revenues of $3.04 billion, surpassing consensus estimates of $2.95 billion, with EPS of $2.04 beating estimates of $1.83. Despite a 4% Y/Y revenue decline and a 14% drop in Net interest income, the company saw flat fee revenues and a 19% increase in AUM. Expenses rose 25% Y/Y due to the FDIC special assessment. The CET1 ratio fell by 2.0% Y/Y. State Street announced a new $5 billion share repurchase authorization. Shares rose 4.29% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 19, 2024 | 1:44 pm

EWTX

Edgewise Therapeutics has announced the pricing of its underwritten public offering of 21,818,182 shares at a price of $11.00 per share, aiming to raise $240 million.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:41 pm

STT

State Street Corporation's stock is trading higher following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company has announced a new share repurchase program authorizing the buyback of up to $5 billion of its common shares.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:41 pm

FSK

LAZ

SCM

Three financial stocks, FS KKR Capital Corp. (FSK), Lazard, Inc. (LAZ), and Stellus Capital Investment Corporation (SCM), are considered overbought based on their RSI values, which are above the threshold of 70. FSK's RSI is at 73.57 after a recent public offering and a price increase. LAZ's RSI is at 78.45 following an announcement of preliminary assets under management and a stock gain. SCM's RSI is at 71.32 after a downgrade by an analyst and a modest price increase.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 1:29 pm

RPRX

Royalty Pharma has announced an increase in its quarterly dividend from $0.20 to $0.21 per share.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:23 pm

GDEV

GDEV has completed its self-tender offer, purchasing 16,554,256 shares at $2.00 each, totaling approximately $33.1 million. This represents about 8.4% of its outstanding shares as of December 19, 2023. Post-transaction, GDEV will have around 181 million shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:20 pm

RPRX

Royalty Pharma has announced an increase in its quarterly dividend from $0.17 to $0.21, which is a 5% increase from the previous quarter's dividend.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:16 pm

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