Streetbeat News

Equity Actions

MPW

Medical Properties Trust, Inc. (MPW) has updated its capital allocation strategy to strengthen its balance sheet and accelerate deleveraging. The company has reduced its quarterly dividend from $0.29 to $0.15 per share to align with its cash flow profile following asset divestitures. Over the past 18 months, MPW has completed several transactions that have lowered its adjusted funds from operations (AFFO), including partnerships and asset sales. The company plans to continue exploring refinancing, sales, and joint-venture opportunities, reduce costs, and sell certain non-leased and non-real estate assets.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:50 pm

MSFT

A significant investor has taken a bullish stance on Microsoft (NASDAQ:MSFT), with 66% of investors opening trades with bullish expectations and 33% with bearish. The whales have been targeting a price range from $285.0 to $370.0 for Microsoft over the last 3 months. BMO Capital, Redburn Partners, Citigroup, and Argus Research have maintained their positive ratings on Microsoft with price targets ranging from $390 to $440. Piper Sandler downgraded its action to Overweight with a price target of $400.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 1:46 pm

PSHG

Performance Shipping Inc. (NASDAQ:PSHG) has completed its $2 million share repurchase plan announced in April 2023, buying back 2,222,936 common shares. The company's Board of Directors has approved a new share repurchase plan, allowing the company to buy back up to $2 million of its outstanding common shares, approximately 12.2% of its market capitalization. The new plan is effective immediately and expires on August 31, 2024.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:31 pm

SKLZ

Skillz Inc (NYSE:SKLZ) shares are trading higher after the company authorized a $65 million buyback. The board also authorized management to explore options to repurchase up to $65 million of its outstanding debt through 10.25% senior secured notes due in 2026. The program is set to last for 12 months and will be funded by existing cash and equivalents. Despite this, Skillz shares are down approximately 28% year-to-date and more than 75% over a one-year period.

Portfolio Pulse from Adam Eckert

August 21, 2023 | 1:28 pm

SKLZ

Skillz Inc.'s board has authorized a $65 million share repurchase program, leading to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 1:28 pm

APCX

Apptech Payments (APCX) has entered into an at-market offering agreement to potentially sell shares of its common stock up to $18 million. The shares will be offered by prospectus supplement.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 1:15 pm

AIN

TXT

Albany International Corp (AIN) has appointed Gunnar Kleveland, a former executive at Textron Inc. (TXT), as its new President and CEO, effective from September 1. Kleveland, who has nearly two decades of industrial and aerospace leadership experience, will succeed Bill Higgins. AIN shares closed higher by 1.86% at $92.13 on Friday.

Portfolio Pulse from Akanksha Bakshi

August 21, 2023 | 1:08 pm

TXT

Textron Inc. (NYSE:TXT) announced new leadership appointments effective August 31, 2023. Rob Scholl, current president & CEO of Textron eAviation, will become president & CEO of Textron Specialized Vehicles Inc. Kriya Shortt, senior vice president, Global Parts & Distribution, at Textron Aviation, will succeed Scholl as president & CEO of Textron eAviation. Both leaders have extensive experience within Textron.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:06 pm

SKLZ

Skillz Inc. (NYSE:SKLZ) has announced that its Board of Directors has approved a share repurchase program, authorizing the company to purchase up to $65 million of its Class A common stock. The Board also authorized management to explore options to repurchase up to $65 million of the company's outstanding 10.25% Senior Secured Notes due 2026. The repurchases may be made at management's discretion and will be funded by the company's existing cash and cash equivalents.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:02 pm

SLGG

Super League Gaming (SLGG) has announced the pricing of its underwritten public offering of 16,923,077 shares of common stock at $0.13 per share, raising a total of $2.2 million.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 12:43 pm