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Equity Actions

EPOW

The Chairman of Sunrise New Energy has announced the purchase of 200,000 shares of the company within the next 30 days. This move could signal confidence in the company's future performance and may influence the stock price positively in the short term.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 2:44 pm

AIZ

Assurant Inc (NYSE: AIZ) has announced an increase in its quarterly dividend to $0.72 per share and an additional $600 million share buyback program, adding to the existing $174 million authorization. The dividend is payable on December 18, 2023, to shareholders on record as of November 27, 2023. The company's strong cash generation from its Lifestyle and Housing businesses has enabled significant capital return to shareholders, including repurchasing nearly 70% of shares since its IPO. In Q3 FY23, AIZ reported an adjusted EPS of $4.29, beating estimates, and revenue of $2.774 billion, also above expectations. AIZ's stock closed higher by 1.07% at $161.23 on Thursday.

Portfolio Pulse from Lekha Gupta

November 10, 2023 | 2:05 pm

DMA

Destra Multi-Alternative Fund (DMA) has updated its portfolio holdings disclosure practices. The Fund will now disclose its complete portfolio holdings on its website at the end of each month with a minimum lag time of ten calendar days. Previously, only the top 10 holdings were disclosed monthly, and full portfolio holdings were released quarterly with up to a 60-day lag.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 2:04 pm

FTNT

Fortinet Inc.'s (NASDAQ:FTNT) stock price is currently at $49.81, after a 0.28% increase. However, the stock has decreased by 13.76% over the past month and by 10.28% over the past year. The company's P/E ratio is lower than the Software industry's aggregate P/E of 68.02, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 1:45 pm

FBIO

Fortress Biotech has announced the pricing of a $10 million public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 1:41 pm

TSLA

Tesla, Inc. is reportedly launching its first direct operation in South America, specifically in Chile. The company has registered its name and started hiring for various roles. This move marks Tesla's first direct commercial venture in South America. Meanwhile, TSLA shares are trading lower by 0.63% to $208.66 premarket on the last check Friday.

Portfolio Pulse from Nabaparna Bhattacharya

November 10, 2023 | 1:38 pm

TKO

TKO shares are trading lower after the company announced the pricing of a secondary offering by a selling stockholder.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 1:35 pm

LQR

LQR House has announced the pricing of a public offering of 157,142,857 shares at $0.07 per share, aiming to raise $11 million.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 1:20 pm

OTRK

Ontrak, Inc. (OTRK) has announced the pricing of a public offering and a concurrent private placement, as well as the conversion of secured notes. The public offering includes over 4.5 million shares of common stock and over 9 million warrants at $0.60 per share. The private placement to Acuitas Group Holdings and Acuitas Capital includes over 18 million pre-funded warrants and over 36 million warrants at $0.5999 per pre-funded warrant. Acuitas will convert approximately $16.3 million of outstanding senior secured convertible notes, leaving $2.0 million outstanding. The gross proceeds from the public offering are expected to be approximately $6.3 million.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 1:20 pm

FBIO

Fortress Biotech has announced the pricing of its $10 million public offering of 5.885 million units at $1.7 per unit.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 1:18 pm