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NXST

Nexstar Media Group, Inc. (NASDAQ:NXST) has announced a multi-year extension of the employment agreement with Lee Ann Gliha, the company's Executive Vice President and Chief Financial Officer. Gliha, who joined Nexstar in August 2021, plays a key role in financial management, strategic planning, and M&A. Nexstar's CEO Perry Sook praised Gliha's positive impact and her contributions to the company's growth.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:10 pm

BMRN

BioMarin Pharmaceutical has announced initiatives aimed at improving corporate governance and boosting long-term shareholder value. These include the appointment of three new independent directors and the establishment of a Strategic and Operating Review Committee. Additionally, BioMarin has entered into cooperation and information sharing agreements with Elliott Investment Management.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:09 pm

SSBK

Southern States Bancshares has announced the renewal of its stock repurchase program, with plans to repurchase up to $10 million of its outstanding common stock. The program reflects the company's commitment to delivering value to its shareholders and its confidence in the long-term prospects of the bank.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:07 pm

SEIC

SEI Investments (NASDAQ:SEIC) has received mixed analyst ratings over the past quarter, with 8 analysts offering diverse opinions. The average 12-month price target is $62.62, down from $63.38, with a high estimate of $68.00 and a low of $58.00. Analysts from firms like Piper Sandler and Morgan Stanley have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. SEI Investments provides investment services and has over $1.2 trillion in assets under management. The company's financials show a revenue growth rate of 1.15%, a net margin of 24.26%, an ROE of 5.63%, an ROA of 4.9%, and a low debt-to-equity ratio of 0.01.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 9:00 pm

KIM

Analysts have provided mixed reviews on Kimco Realty (NYSE:KIM) over the past three months, with recent ratings ranging from bullish to indifferent. The average 12-month price target is $22.44, with high and low estimates of $26.00 and $20.00, respectively. Key analysts from Piper Sandler, Stifel, and Truist Securities have adjusted their ratings and price targets, reflecting their views on the company's market dynamics and performance. Kimco Realty, a large REIT with interests in 5,282 shopping centers, has shown a revenue growth of 2.92% and a high net margin of 25.1%, but a lower than average ROE of 1.17% and an above-average ROA of 0.62%. The company's debt-to-equity ratio is 0.75.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 9:00 pm

MS

Morgan Stanley is considering investing $1 billion to $2 billion of its own money into a new private credit fund, while also seeking to raise an additional $4 billion to $5 billion from limited partners. The discussions are still in preliminary stages and details are confidential.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:51 pm

META

NVDA

Joe Terranova of Virtus Investment Partners warns against selling the 'Magnificent Seven' tech stocks too early, as they may continue to outperform in 2024. Nvidia (NVDA) and Meta Platforms (META) have seen significant gains in 2023, with NVDA up 239% and META up over 190%. The Magnificent Seven collectively gained 75% in 2023, outpacing the S&P 500's other 493 stocks. Terranova advises maintaining some exposure to these stocks to avoid missing out on potential continued growth.

Portfolio Pulse from Erica Kollmann

December 20, 2023 | 8:48 pm

C

Citigroup is closing its global distressed-debt group as part of CEO Jane Fraser's restructuring plan, known internally as Project Bora Bora. The move aims to exit low-return businesses to meet Fraser's performance targets. This follows the recent shutdown of Citigroup's municipal-bond trading operations. The distressed-debt group, which deals with securities of companies near or in bankruptcy, has around 40 employees.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:44 pm

CFFI

C&F Financial Corporation (NASDAQ:CFFI) has reauthorized a share repurchase program to buy back up to $10 million of its common stock through December 31, 2024. The repurchases may occur via private transactions or the open market, subject to market conditions and legal requirements. The previous repurchase program, also for $10 million, will expire at the end of 2023, under which 135,327 shares have been bought back for $7.5 million since December 2022.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:37 pm

ERNA

IAF, LLC has filed a 13G with the SEC, disclosing a 9.99% passive stake in Eterna Therapeutics as of December 14. This information is based on the latest SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:28 pm