Streetbeat News

Equity Actions

SKWD

Skyward Specialty Insurance Group Inc. has initiated a follow-on offering of 2.15 million shares of its common stock. This move could potentially dilute existing shareholders' equity and affect the stock's price.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:36 pm

FNF

Fidelity National Financial (FNF) has announced plans to invest around $250 million in its majority-owned subsidiary, F&G. As of September 30, 2023, FNF held an 85% ownership stake in F&G. The investment is intended to support F&G's growth of assets under management.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:30 pm

AZTA

Azenta announced a strategic and governance transformation, nominating Didier Hirsch and Martin Madaus for election to its Board of Directors at the 2024 Annual Meeting. Two current independent directors will not seek re-election. If elected, the Board will have ten directors, with nine being independent and seven having joined since 2018. Politan has withdrawn its notice to nominate candidates for the Board at the Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:25 pm

ACM

AECOM has announced an increase in its share repurchase authorization to $1 billion and has raised its quarterly dividend by 22% to $0.22 per share.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:15 pm

AZTA

Azenta, Inc. has announced its commitment to repurchase an additional $500 million worth of its shares in fiscal 2024. This move is part of the company's ongoing share repurchase program and reflects its confidence in the long-term value of its stock. The repurchase plan is likely to be perceived positively by investors as it often signals a company's belief that its shares are undervalued and that it is acting to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:09 pm

EXFY

A Form 4 filing with the SEC reveals that SF Roofdeck GP LLC purchased 1,014,197 shares of Expensify's common stock at a price of $1.82 per share.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:06 pm

K

NTRS

Northern Trust Corp has disclosed a 16.3% stake in WK Kellogg Co as of October 31, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:47 pm

KR

Kroger's (NYSE:KR) short interest has decreased by 11.3% since the last report, with 19.84 million shares sold short, representing 3.14% of available shares. The short interest is below the peer group average of 4.43%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 8:45 pm

SNDL

SNDL Inc. (NASDAQ:SNDL) has announced the renewal of its CA$100M share repurchase program, set to commence after the current program expires on November 20, 2023. The company can repurchase up to 13.1 million shares, representing 5% of outstanding shares. SNDL reported a 78% reduction in net loss for Q3 2023 YoY, with a net loss of CA$21.8 million. Net revenue increased by 3.1% to CA$237.6 million, with significant growth in cannabis retail and operations. The company has CA$785 million in unrestricted cash and no debt, with a net book value of CA$1.3 billion. SNDL's stock was up 11.19% to $1.58 per share following the news.

Portfolio Pulse from Jelena Martinovic

November 13, 2023 | 8:36 pm

XMTR

Eventide Asset Management, LLC has disclosed a 12.65% ownership stake in Xometry, Inc. as of October 31, 2023, according to a recent 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:11 pm