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Equity Actions

ARMK

Aramark has provided its fiscal 2024 outlook, expecting organic revenue growth of 7%-9% year-over-year, adjusted operating income growth of 15%-20%, and adjusted EPS growth of 25%-35%. The company anticipates a leverage ratio of approximately 3.5x, improving from the current 3.9x.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:39 am

NUVL

Nuvalent reported a Q3 EPS loss of $(0.59), slightly missing the $(0.58) estimate, marking a 43.9% increase in losses from the same period last year. The company's net proceeds of $282M from a public offering, combined with existing cash and securities totaling $413.3M, are expected to fund operations into 2027.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:38 am

OCSL

Oaktree Specialty Lending (OCSL) has announced a special distribution of $0.07 per share, in addition to its regular quarterly distribution of $0.55 per share. These cash distributions will be payable on December 29, 2023, to shareholders on record as of December 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:03 am

LEJU

Leju Holdings Limited's Board of Directors has approved a share repurchase program, allowing the company to buy back up to $2 million worth of its shares. The program is set to last for 12 months, concluding on November 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:02 am

AER

AerCap Holdings has announced a secondary offering of 26,721,633 ordinary shares at $65.25 per share, sold by GE Capital US Holdings, Inc., a subsidiary of General Electric Company. AerCap itself will repurchase 7,859,163 shares at $63.62 per share but will not receive any proceeds from the secondary offering.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:15 am

RWAY

Runway Growth Finance has priced a secondary offering of 3.75 million common shares at $12.56 per share. The shares are being sold by existing stockholders, not by the company itself, which means that the proceeds from the sale will not go to Runway Growth Finance but to the selling shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:45 am

SHIM

Shimmick has announced the pricing of its initial public offering (IPO) of 3,575,000 common shares at $7 per share. The shares are set to begin trading on the Nasdaq Global Market on November 14, 2023, under the ticker symbol 'SHIM.'

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:42 am

MMI

Marcus & Millichap has entered into a strategic partnership with real estate technology firm Archer, which includes an equity investment and a commercial relationship. This partnership aims to enhance Marcus & Millichap's service offerings through advanced technology solutions provided by Archer.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:40 am

SEDG

UBER

Uber Technologies, Inc. (NYSE:UBER) is anticipated to join the S&P 500 Index soon, according to Future Fund Managing Partner Gary Black. Uber's market cap of $107.503 billion makes it the largest company not currently in the index. The company has reported four consecutive quarters of positive GAAP earnings. If included, S&P 500 index funds would need to buy approximately $22 billion of Uber shares. Morgan Stanley maintains an Overweight rating on Uber with a $62 price target, while the average analysts' target is $61.34, indicating a potential 17.4% upside.

Portfolio Pulse from Shanthi Rexaline

November 14, 2023 | 6:21 am

ARKK

DKNG

IRDM

NTLA

PACB

ROKU

RXRX

TXG

Cathie Wood's Ark Invest sold 251,419 shares of Roku Inc. (ROKU) worth approximately $21.11 million through its ARK Innovation ETF (ARKK). This sale followed Roku's Q3 revenue exceeding expectations. Ark also sold DraftKings Inc (DKNG) shares and bought shares in Pacific Biosciences (PACB), Intellia Therapeutics (NTLA), 10X Genomics (TXG), Recursion Pharmaceuticals (RXRX), and Iridium Communications (IRDM), indicating a strategic adjustment of its portfolio.

Portfolio Pulse from Benzinga Neuro

November 14, 2023 | 3:18 am