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PFX

PhenixFIN Corporation (NASDAQ:PFX) reported a 23% increase in NAV per share for FY23, from $57.29 to $70.75. The company's total investment income for the fourth quarter was $5.7 million, with net investment income of $1.9 million. The portfolio's fair value was $226.5 million across 42 companies, with 4 investments on non-accrual status. PhenixFIN repurchased 28,416 shares in FY23 and ended the quarter with $6.0 million in cash and cash equivalents.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:03 pm

ZBH

Eight analysts have recently reviewed Zimmer Biomet Holdings (NYSE:ZBH), with sentiments ranging from bullish to bearish. Over the past three months, there have been 2 somewhat bullish and 6 indifferent ratings, with no bullish or bearish ratings. The average 12-month price target is now $126.38, a 10.37% decrease from the previous $141.00 target. Analysts have adjusted their ratings and price targets in response to market dynamics and company performance, with some raising and others lowering their expectations. Zimmer Biomet designs and markets orthopedic products and has spun out its dental and spine businesses in 2022. The company's market cap is below industry averages, and it has seen a 5.02% revenue growth over three months, which is lower than its peers. Its net margin and ROE are also below industry averages, while it maintains a conservative debt-to-equity ratio of 0.45.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 9:00 pm

ABNB

Airbnb's (NYSE:ABNB) short interest has decreased by 6.34% since the last report, with 23.48 million shares sold short, representing 5.47% of its float. The average time to cover these short positions is 5.65 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Airbnb's short interest is below its peer group average of 7.73%. Short interest levels can be a market sentiment indicator, but do not necessarily predict near-term price movements.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 8:45 pm

Bank of New York Mellon (NYSE:BK) has seen a decrease in short interest, with the short percent of float dropping 7.44% since the last report. The current short interest is 8.61 million shares, or 1.12% of available shares, with a cover time of 1.91 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average of 3.12% short interest as a percentage of float.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 8:45 pm

ARKK

COIN

CRSP

META

PATH

RBLX

ROKU

TSLA

Cathie Wood, CEO of ARK Invest, predicts deflation in 2024, leading to aggressive rate cuts by the Federal Reserve. She emphasizes a focus on innovation and technological advancements, particularly in AI and gene editing technologies. ARK's flagship fund, ARK Innovation ETF (ARKK), has seen a 70% year-to-date increase and is diversifying its portfolio. Wood has shown renewed interest in Meta Platforms Inc. (META) and highlighted the potential of CRISPR Therapeutics. Coinbase Global Inc. (COIN) has become ARK's top holding, surpassing Tesla Inc. (TSLA). Other key holdings include UI Path Inc. (PATH), Zoom Video Communication Inc. (ZM), Roku Inc. (ROKU), Block Inc. (SQ), Roblox Corp. (RBLX), and CRISPR Therapeutics AG (CRSP).

Portfolio Pulse from Piero Cingari

December 22, 2023 | 8:32 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) stock is trading higher, with a more than 25% increase over the past month. The rise follows the completion of two private debt-for-equity exchange transactions, where Tilray issued 9,601,538 shares to convert $18.5 million of its 5.25% convertible senior notes due in June 2024. The trading volume has more than doubled the average, with over 33.3 million shares traded. Tilray is scheduled to release its second-quarter financial results on January 9, with a conference call to follow.

Portfolio Pulse from Erica Kollmann

December 22, 2023 | 7:38 pm

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) stock is experiencing a significant uptrend, rising over 330% year-to-date. The company's CEO, Michael Saylor, expressed confidence in the stock's appeal in a Bloomberg interview, citing the ability to leverage low-interest debt to purchase Bitcoin. BTIG analyst Mark Palmer upgraded the price target for MSTR from $560 to $690. The stock is trading above its 50-day moving average and has reached a new 52-week high of $612.59.

Portfolio Pulse from Erica Kollmann

December 22, 2023 | 7:36 pm

GAU

BMO Capital Markets analyst Raj Ray upgraded Galiano Gold Inc. (AMEX:GAU) to Outperform from Market Perform and raised the price target to C$1.50 from C$1.20. The upgrade follows Galiano's consolidation of the Asanko Gold Mine, which simplifies ownership and enhances operational flexibility. The deal is expected to double Galiano's share of reserves, resources, production, and cash flows with minimal equity dilution. Galiano's production is projected to increase and its pro forma cash balance by the end of 2023 is expected to be $128 million with no debt. GAU shares rose 3.78% to $0.8593.

Portfolio Pulse from Nabaparna Bhattacharya

December 22, 2023 | 7:15 pm

BOWL

GLPI

VICI

Goldman Sachs analyst Caitlin Burrows provided investor feedback on VICI Properties Inc's diversification strategy and Gaming and Leisure Properties Inc's future acquisitions. VICI's recent $432.9 million sale-leaseback deal with Bowlero Corp was seen positively due to Bowlero's strength and the potential for more acquisitions. VICI's non-gaming exposure is expected to grow, with an 11.6% AFFOPS growth projected for 2023. GLPI, however, has limited visibility into future acquisitions. VICI is rated as Buy and GLPI as Neutral by Goldman Sachs. VICI's stock saw a slight decrease, while GLPI's stock increased.

Portfolio Pulse from Lekha Gupta

December 22, 2023 | 7:00 pm

DXCM

DexCom (NYSE:DXCM) has experienced a 7.58% increase in short interest since its last report, with 19.12 million shares sold short, representing 5.68% of its float. The short interest is higher than the peer group average of 3.33%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 7:00 pm