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Equity Actions

PBHC

Pathfinder Bancorp, Inc. (PBHC) announced the retirement of CFO Walter F. Rusnak, effective June 28, 2024, and named Justin K. Bigham as his successor. Rusnak, who joined Pathfinder in 2015, will remain in an advisory role to ensure a smooth transition. His contributions have been pivotal in Pathfinder's strategic initiatives and growth, including a common stock offering in 2019 and the acquisition of the East Syracuse branch of Berkshire Bank.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:49 pm

RXST

RxSight, Inc. (NASDAQ:RXST), an ophthalmic medical device company, announced its intention to offer $100 million of its common stock in a public offering. The company plans to use the proceeds for commercial and marketing expansion, including international growth, product development, research, clinical development, and general corporate purposes. BofA Securities, J.P. Morgan, and BTIG are managing the offering, with an additional 15% option for underwriters. The completion, size, and terms of the offering are yet to be confirmed.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:45 pm

TTD

The Trade Desk, Inc. (NASDAQ:TTD) reported Q1 earnings of 26 cents per share, surpassing analyst estimates of 21 cents, with sales of $491.25 million beating estimates of $480.31 million, a 28.33% year-over-year increase. The company also repurchased $125 million of its Class A common stock and forecasts Q2 revenue of at least $575 million with adjusted EBITDA of approximately $223 million. Shares rose 1.37% after-hours to $87.20.

Portfolio Pulse from Erica Kollmann

May 08, 2024 | 9:38 pm

LVLU

Lulu's Fashion Lounge announced a stock repurchase program to buy back up to $2.5 million of its common stock, indicating a move to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:36 pm

PBPB

Potbelly Corporation has announced a $20 million share repurchase program, signaling confidence in the company's financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:30 pm

APLM

Apollomics Inc. (NASDAQ:APLM) announced a private placement financing deal expected to generate approximately $6 million in gross proceeds. The company will sell around 19.2 million Class A ordinary shares at $0.30 each to both new and existing investors. The financing is set to close on May 8, 2024, and the funds will be used to support Apollomics' oncology drug development programs and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:28 pm

NPCE

NeuroPace has reaffirmed its FY24 revenue guidance of $73M-$77M, in line with estimates of $75.205M. The company expects a gross margin between 72% and 74%, and total operating expenses of $80M-$84M, which includes around $12M in stock-based compensation. Additionally, NeuroPace extended the maturity date of its term loan to September 30, 2026.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:23 pm

CPK

Chesapeake Utilities (CPK) reaffirms its 2024 adjusted EPS guidance of $5.33-$5.45, aligning with estimates of $5.40. The company also maintains its capital expenditure guidance for 2028, projecting an EPS growth rate of approximately 8% from its previous 2025 guidance, indicating a strong long-term financial outlook.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:06 pm

BLMN

Six analysts have recently updated their ratings on Bloomin Brands (NASDAQ:BLMN), showing a mix of perspectives with an average 12-month price target of $28.83, down from $29.00. The company's financial performance indicates strong profitability and efficient asset management, despite a high debt-to-equity ratio and lower revenue growth compared to peers. Bloomin Brands operates popular dining brands and has a presence in the U.S., Brazil, South Korea, and through franchising in Asia.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 9:00 pm

LVLU

Lulu's Fashion Lounge shares surged following the announcement of positive Q1 financial results and the authorization of a share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:56 pm