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Equity Actions

AGCO

AGCO Corp has filed for a mixed shelf offering, although the size of the offering has not been disclosed. This move allows the company flexibility in financing options by issuing various types of securities in the future.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:28 pm

FCPT

Four Corners Property Trust (FCPT) announced a CFO transition, with Gerry Morgan set to retire on May 3, 2024, and Patrick Wernig, the current Managing Director of Acquisitions, named as his successor. Wernig's appointment is subject to Board approval and will follow a transitional period after the release of the Q1 2024 financial results. Morgan, who has significantly contributed to FCPT's growth since its spin-off from Darden in 2015, will assume an interim advisory role to facilitate the transition. Wernig, with the company since 2016, has a background in real estate and gaming sectors from his time at J.P. Morgan.

Portfolio Pulse from Happy Mohamed

March 07, 2024 | 9:25 pm

MAX

MediaAlpha has announced a secondary offering of 3 million shares. This move could potentially dilute existing shareholders but also provide the company with additional capital for growth and operations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:22 pm

MRVL

Marvell Technology Inc (NASDAQ:MRVL) reported Q4 earnings with revenue of $1.427 billion, slightly above estimates, and EPS of 46 cents, meeting expectations. Despite four consecutive quarters of meeting or exceeding estimates, weak Q1 guidance below analyst expectations led to a 12% drop in after-hours trading. The company anticipates soft demand in several sectors but expects recovery in the second half of the fiscal year. Additionally, Marvell announced a $3 billion share repurchase program and an upcoming event on AI infrastructure.

Portfolio Pulse from Adam Eckert

March 07, 2024 | 9:21 pm

SCPX

Scorpius Holdings has announced a proposed public offering of its common stock, though the specific amount of shares or the financial value of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:20 pm

RDNT

RadNet announced a proposed public offering of common stock valued at $200M, with an option for underwriters to purchase an additional $30M. The proceeds are intended for general corporate purposes and potential future acquisitions.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:13 pm

MRVL

Marvell Technology, Inc. has announced a new stock repurchase program authorizing the buyback of up to $3 billion of its shares. This move is part of the company's strategy to return value to its shareholders and optimize its capital structure. The repurchase authorization does not have an expiration date and may be executed through open market purchases or privately negotiated transactions at the company's discretion.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:09 pm

FUFU

Antdelta Investment Limited has disclosed a 7.1% passive stake in BitFuFu, a move that could signal confidence in the company's future prospects or a strategic investment decision.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:03 pm

JWN

Nordstrom (NYSE:JWN) received mixed ratings from 9 analysts, with a consensus 12-month price target of $17.78, reflecting a 10.37% increase from the previous target. The ratings range from 'Hold' to 'Underweight', with adjustments made by analysts from firms like Jefferies, Goldman Sachs, and Citigroup. Despite a -6.37% revenue decline and a high debt-to-equity ratio, Nordstrom's net margin and ROE outperform industry benchmarks, indicating efficient cost management and strong financial health.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 7:00 pm

TGT

Recent options trading activity indicates a bearish stance on Target (NYSE:TGT) by big-money investors, with a notable split in sentiment: 23% bullish and 76% bearish. Benzinga's options scanner revealed 13 unusual trades, with a focus on a price band between $140.0 and $220.0. Significant trades include both calls and puts with varying sentiments and expiration dates. Target, the nation's sixth-largest retailer, has seen its stock price increase by 0.81% to $174.95, with analysts giving mixed reviews and price targets ranging from $160 to $191.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 6:01 pm