Streetbeat News

Equity Actions

MSA

MSA Safety's board has authorized a new $200 million common stock repurchase plan, which will replace the previous $100 million repurchase plan authorized in 2015.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:38 pm

GHM

Graham Corporation (GHM) has filed a universal shelf registration statement with the SEC, allowing it to potentially offer and sell up to $150 million of various securities, including common stock, preferred stock, warrants, purchase contracts, and units. This move could provide GHM with significant financial flexibility for future operations and growth initiatives in its mission-critical fluid, power, heat transfer, and vacuum technologies sectors.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:32 pm

CIM

FTRE

SRG

VTS

Seritage Growth Properties reported a Q1 loss, leading to a significant drop in its pre-market stock price. Other companies like Vitesse Energy, Chimera Investment, Fortrea Holdings, and several others also experienced declines in pre-market trading due to various reasons including disappointing earnings, reverse stock splits, and downgrades by analysts.

Portfolio Pulse from Avi Kapoor

May 13, 2024 | 12:31 pm

FG

F&G Annuities & Life, Inc. (NYSE:FG) announced the appointment of John Currier as President, who will continue to report to CEO Chris Blunt and maintain responsibility for the Retail Markets business unit.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:30 pm

COLL

Collegium Pharmaceutical, Inc. has initiated a $35M Accelerated Share Repurchase (ASR) agreement with Jefferies LLC, as part of its larger $150M share repurchase program authorized in January 2024. This move leaves $115M remaining in the program.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:18 pm

CCLD

CareCloud has engaged an investment bank to review and evaluate the terms of its Series A Preferred Stock. This move could indicate potential restructuring or refinancing efforts to optimize the company's capital structure.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:15 pm

LUCD

Lucid's Chairman and CEO announced the company has strengthened its balance sheet by closing approximately $30M in preferred stock financing with long-term investors. This move extends Lucid's financial runway past key milestones. Additionally, the CEO highlighted the ongoing success of EsoGuard's commercial execution, which is driving towards expanded coverage both in the private and public sectors, as well as through direct contracting.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:08 pm

VVX

V2X, Inc. has announced the appointment of Jeremy Wensinger as its new President and CEO. This strategic leadership change aims to steer the company towards future growth and operational excellence.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:03 pm

QLYS

Qualys (NASDAQ:QLYS) received indifferent ratings from 4 analysts, with a consensus 12-month price target of $169.25, marking a 3.29% decline from the previous target. The company's financial performance shows strong revenue growth, net margin, ROE, and ROA, with minimal debt reliance.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 12:01 pm

AGS

Five analysts have recently updated their ratings on PlayAGS (NYSE:AGS), showing a mix of bullish and indifferent stances with an updated average 12-month price target of $13.5, up from $12.33. The company has seen positive revenue growth and operates in the gaming industry, supplying electronic gaming machines and other gaming products. Despite revenue growth, PlayAGS faces challenges with profitability, asset utilization, and debt management.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 12:00 pm