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FLNC

Fluence's stock price has dropped following the announcement of a secondary offering of Class A common stock by its existing controlling stockholders. This offering indicates that these stockholders are looking to sell shares, which can often lead to dilution of existing shares or suggest that insiders see the stock as fully valued or overvalued.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 1:12 pm

BY

Byline Bancorp, Inc. has announced that its board has approved a stock repurchase program for up to 1.25 million shares. This move could indicate the company's confidence in its financial health and future prospects, as stock repurchase programs are often seen as a way to return value to shareholders and potentially increase earnings per share.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 1:04 pm

OMI

Owens & Minor, a healthcare logistics company, has set a target for 20% compounded earnings growth from 2024 to 2028. The company expects its adjusted earnings per share (EPS) to exceed $3.50 by the year 2028.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:47 pm

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CURA

IIPR

NLCP

REFI

TCNNF

Zuanic & Associates initiated coverage of New Lake Capital Partners (NLCP) with an Overweight rating, citing its significant growth in net real estate assets from $124 million in 2020 to $375 million in Q3 2023. NLCP, a sale-leaseback stock in the cannabis sector, faces a stagnant AFFO per share but has bought back over $9 million in stock. It offers a 12% dividend yield and trades at a 30% discount to NAV, compared to peers like IIPR, which trades at a 22% premium. NLCP's portfolio includes stakes in Curaleaf, Cresco, Trulieve, and others. The company has low leverage and is well-positioned for growth, with expected federal reforms potentially benefiting the sector.

Portfolio Pulse from Nicolás Jose Rodriguez

December 06, 2023 | 12:37 pm

PHVS

Pharvaris has announced the pricing of a $300 million underwritten offering consisting of ordinary shares and pre-funded warrants. The offering is expected to close on or about December 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:24 pm

UPBD

Upbound Group has announced a 9% increase in its quarterly cash dividend, raising it from $0.34 to $0.37 per share. The dividend is scheduled to be paid on January 9, 2024, to stockholders of record as of December 19, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:24 pm

COYA

Coya Therapeutics, Inc. (COYA) has announced a private placement of 4.37 million shares at $6.06 per share, totaling approximately $26.5 million. The offering is at-the-market under Nasdaq rules and is expected to close around December 11, 2023, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:11 pm

IPA

ImmunoPrecise Antibodies Ltd. (IPA) has priced a public offering of 1.10 million common shares at $1.00 per share, expecting to raise approximately $1.1 million before underwriting discounts and estimated offering expenses.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:11 pm

KFY

On December 5, Korn Ferry (KFY) announced an 83% increase in its quarterly dividend, raising it to $0.33 per share from the previous $0.18 per share.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 11:56 am

CTRN

Citi Trends' Board has implemented a Stockholder Rights Plan after a stockholder rapidly acquired a substantial share count. The plan triggers if a person or group acquires 16% (20% for passive investors) of the outstanding stock, expiring on December 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 11:49 am