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Equity Actions

BX

AI-powered payments startup Stampli has raised $61 million in a Series D funding round led by Blackstone (NYSE:BX) managed funds. Other contributors included Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital. This investment brings Stampli's total capital to $148 million. Blackstone has stakes in over 230 companies and 12,600 real estate assets.

Portfolio Pulse from Khyathi Dalal

October 05, 2023 | 12:42 pm

DELL

Dell Technologies has updated its long-term value creation framework, which now includes an increase to its adjusted EPS target of 8% annual growth or better over the long term.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:40 pm

DELL

Dell has announced plans to increase its existing share repurchase authorization by $5 billion. The company also expects to grow its quarterly dividend by 10% or more annually through fiscal 2028.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 12:39 pm

CASH

Pathward Financial, Inc. (NASDAQ:CASH) has appointed Greg Sigrist as its next CFO, effective from Nov. 1, 2023. Sigrist, who has over 20 years of banking experience, will succeed Glen Herrick. Herrick will remain with the company until his retirement on Dec. 31, 2023. Sigrist previously served as EVP and CFO of Metropolitan Bank Holding Corp. and Metropolitan Commercial Bank, and held senior financial roles at Morgan Stanley and Citigroup.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:38 pm

DELL

Dell has announced plans to increase its existing share repurchase authorization by $5 billion. The company also expects to grow its quarterly dividend by 10% or more annually through fiscal 2023.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 12:38 pm

MGOL

MGO Global Inc. (NASDAQ:MGOL) has partnered with U.S.-based Fulfillment Strategies International (FSI) to expand its global ecommerce order fulfillment and inventory warehousing support platform. The move is aimed at supporting MGO's future growth strategies and enhancing support of its U.S. customer base. FSI, headquartered in Atlanta, Georgia, has been providing inventory management, order fulfillment, and other services for nearly three decades.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:34 pm

AMZN

WMT

Walmart Inc is integrating generative AI tools to enhance the customer shopping experience. The company is testing AI-powered features such as a conversational shopping assistant, an intuitive search tool, and an interior design assistant. These tools aim to offer personalized, interactive, and efficient shopping experiences. The move follows a similar effort by Amazon.com Inc.

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 12:27 pm

HNVR

Hanover Bancorp has approved a new share repurchase program, planning to repurchase up to 366,050 shares.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:11 pm

AMK

HASI

WD

WMC

The article lists four financial stocks that are currently oversold, presenting a potential buying opportunity. These include Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI), AssetMark Financial Holdings, Inc. (AMK), Western Asset Mortgage Capital Corporation (WMC), and Walker & Dunlop, Inc. (WD). The stocks have been identified as oversold based on their Relative Strength Index (RSI) values, which are all below 30.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 12:08 pm

ALXO

ALX Oncology has priced its underwritten public offering of common stock and pre-funded warrants. The company is selling 7.37 million shares at $6.38 per share and pre-funded warrants to purchase 1.25 million shares at $6.379 per pre-funded warrant, with gross proceeds of $55 million.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:07 pm