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AIN

Analyst ratings for Albany Intl (NYSE:AIN) have shown a shift from bullish to bearish over the last quarter, with a notable decrease in the 12-month price target from $107.50 to $97.5, indicating a 9.3% decrease. The company's financial performance has been strong, with positive revenue growth, impressive net margin, ROE, and ROA, alongside sound debt management. However, the market capitalization of Albany Intl falls below industry benchmarks.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 9:01 pm

TELL

Tellurian Inc. has terminated its Distribution Agency Agreement with T.R. Winston & Company, initially dated December 30, 2022. Despite this termination, Tellurian maintains an active Distribution Agency Agreement with Virtu Americas LLC as of March 15, allowing the company to raise up to approximately $348.7 million in aggregate gross sales proceeds under the Virtu ATM agreement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:54 pm

D

Dominion Energy has filed with the SEC for a common stock offering of up to $1.8 billion. This move could potentially dilute current shareholders but also provide the company with significant capital for its operations or expansion projects.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:47 pm

PAVS

Paranovus Entertainment announced significant executive changes: Ling Guo has been appointed as CFO, while Xuezhu Wang resigned as CEO and Chairperson. Xiaoyue Zhang steps in as the new CEO. These changes could signal strategic shifts or operational adjustments within the company.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:41 pm

CCLD

CareCloud has announced the appointment of Stephen Snyder as President, effective May 1. A. Hadi Chaudhry is no longer serving as President but will continue as the company's CEO, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:38 pm

NDAQ

Nasdaq Inc has filed with the SEC for an offering of up to 85.61 million shares by a selling stockholder. This move could potentially impact the stock's liquidity and market perception.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:20 pm

KRNL

KRNLU

KRNLW

Kernel Group Holdings, Inc. (KRNL), a special purpose acquisition company, has announced a one-month extension, from May 5, 2024, to June 5, 2024, for the period to consummate its initial business combination. This extension is the fourth of six monthly extensions allowed under the company's governing documents.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:12 pm

AGAE

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) announced significant changes to its Board of Directors and management team, effective April 30, 2024. Mr. Yangyang Li has been appointed as President and will continue as Chairman of the Board, while resigning from his roles in the Compensation Committee and as Chair of the Nominating and Corporate Governance Committee. Ms. Chi Zhao joins as an independent director and takes on roles within the Board, including Chair of the Nominating and Corporate Governance Committee. Ms. Yinghua Chen and Mr. Adam Pliska have resigned as directors, with Chen continuing as CEO. The company aims to focus on mergers and acquisitions, strategic partnerships, investment in Asia, and legal proceedings under the new leadership structure.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:11 pm

ABR

Arbor Realty Trust Inc has filed for a mixed shelf offering according to an SEC filing, though the size of the offering has not been disclosed. This move allows the company to sell various types of securities, but the lack of details on the offering size leaves some uncertainty regarding its impact.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:06 pm

VSTS

Analysts have varied opinions on Vestis (NYSE:VSTS), with recent ratings ranging from somewhat bullish to somewhat bearish. The average 12-month price target for VSTS has been lowered to $14.4, a 27.27% decrease from the previous $19.80. Analysts from firms like JP Morgan, Barclays, and Baird have adjusted their ratings and price targets, reflecting concerns over Vestis's market performance, revenue growth, and financial health. Despite a notable revenue growth rate of 2.46% in the last quarter, Vestis's market capitalization, net margin, and ROA lag behind industry peers, although its ROE is above industry standards.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 8:01 pm