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SAR

Saratoga Investment Corp. (NYSE:SAR) has increased its quarterly dividend from $0.71 to $0.72 per share for the fiscal third quarter ended November 30, 2023. This marks the fifteenth consecutive quarterly dividend increase. The dividend is payable on December 28, 2023, to shareholders of record as of December 11, 2023. The company attributes the increase to record earnings driven by high interest rates on floating rate assets, portfolio growth, and fixed rate liabilities. The annualized dividend rate suggests an 11.5% yield and a 17.2% earnings yield based on the recent stock price of $25.06 as of November 13, 2023. Shareholders can opt for cash payment or stock through the dividend reinvestment plan (DRIP).

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:32 pm

CHTR

Charter Communications Inc. (NASDAQ:CHTR) has agreed to a $25M settlement with the SEC for violations related to stock buyback accounting controls. From 2017 to 2021, Charter used 'accordion' provisions in their buyback plans, allowing changes in buyback amounts and timing, which did not comply with SEC Rule 10b5-1. The SEC found Charter's actions resulted from inadequate internal accounting controls, violating Section 13(b)(2)(B) of the Exchange Act. Charter has accepted the cease-and-desist order and fine without admitting or denying the findings. The company's shares dropped 2.03% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

November 15, 2023 | 1:32 pm

KNDI

Kandi Technologies Group, Inc. has announced the arrival of its first batch of 500 all-electric mini golf carts in the United States. The carts, designed by American professionals and manufactured by Kandi, feature electric telescopic functionality and a distinctive design. Kandi anticipates that these compact, versatile, and reasonably priced carts will be well-received by consumers and become a popular product in their lineup.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:32 pm

CMMB

Chemomab Therapeutics Ltd (NASDAQ:CMMB) stock surged after the FDA granted Fast Track designation to CM-101 for primary sclerosing cholangitis (PSC). Fast Track can lead to more frequent FDA interactions, priority review, and accelerated approval. CM-101 is a monoclonal antibody targeting CCL24, associated with PSC. The Phase 2 SPRING trial is ongoing, with top-line results expected in the second half of 2024. CMMB shares jumped 54.10% in premarket trading.

Portfolio Pulse from Vandana Singh

November 15, 2023 | 1:29 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares are poised to continue their upward trend, rising 2.06% in premarket trading to $242.29. The increase is attributed to the announcement of the Cybertruck launch event on November 30, confirmed by Tesla's VP of Investor Relations, Martin Viecha. The Cybertruck is anticipated to boost Tesla's EV lineup, with production expected to ramp up in 2024. Elon Musk projected an annual production of around 250,000 Cybertrucks by 2025. Preorders for the Cybertruck have surpassed two million. Additionally, Tesla's stock may be benefiting from positive expectations regarding interest rates following recent tame inflation data.

Portfolio Pulse from Shanthi Rexaline

November 15, 2023 | 1:26 pm

NU

Nu Holdings Ltd (NYSE:NU) reported Q3 FY23 revenue of $2.14 billion, a 64% increase year-over-year, surpassing the $2.05 billion consensus. The growth was driven by customer acquisition and improved monetization in Brazil, with 5.4 million new customers added. The company's ARPAC grew by 18% Y/Y to $10.0, gross profit doubled to $915 million, and adjusted net income increased to $355.6 million from $63.1 million. Adjusted EPS was $0.07, beating the $0.06 consensus. NIM expanded to 18.8%, and deposits grew to $19.1 billion. The credit card and lending portfolios receivables rose to $15.4 billion. Despite the strong financial performance, NU shares dropped 1.47% to $8.70 in premarket trading.

Portfolio Pulse from Lekha Gupta

November 15, 2023 | 1:25 pm

USAS

Americas Gold And Silver Corporation (AMEX:USAS) reported Q3 earnings with an EPS of $-0.04, missing estimates by 100% compared to the expected $-0.02. Revenue decreased by $10 thousand from the same period last year. Following last quarter's earnings miss, USAS's share price dropped by 4% the next day.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 1:25 pm

BOOM

EVA

MIND

NINE

The article highlights four energy stocks that are considered oversold based on their Relative Strength Index (RSI) values, suggesting a potential buying opportunity for undervalued companies. Enviva Inc. (EVA) reported a significant net loss and has an RSI of 28.25. Nine Energy Service, Inc. (NINE) reported third-quarter revenues in line with expectations and has an RSI of 22.00. MIND Technology, Inc. (MIND) underwent a reverse stock split and has an RSI of 15.92. DMC Global Inc. (BOOM) appointed a new independent director and has an RSI of 27.37.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 1:23 pm

CYTH

Cyclo Therapeutics reported a narrower Q3 loss of $(0.29) per share compared to $(0.50) YoY, with sales of $459.48K exceeding estimates by 6.86% and showing a 1.62% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:23 pm

LOCC

Trading of Live Oak Crestview Climate Acquisition Corp. (LOCC) shares has resumed. There is no additional context provided regarding the reason for the halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:18 pm