Streetbeat News

NETI

Eneti Inc

https://www.scorpiobulkers.com/

CEO

Emanuele Lauro

Employees

24

Industry

Deep Sea Freight Transportation

scorpio bulkers inc. (nyse: salt) is a provider of marine transportation of dry bulk commodities.

Open

11.31

Mkt cap

438M

Volume

206K

High

11.35

P/E Ratio

-11.44

52-wk high

13.54

Low

11.29

Div yield

0.00

52-wk low

7.75

Eneti Inc notified the NYSE on December 28 that it expects to complete its merger on December 29, resulting in the delisting of its common stock from the NYSE.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 1:16 pm

Comtech Telecommunications Corp. (CMTL) shares dropped over 16% due to weaker-than-expected quarterly earnings, reporting adjusted earnings of 24 cents per share against estimates of 26 cents. Sales were nearly in line with expectations at $151.91 million versus $151.87 million forecasted. The stock fell to $10.45. Other stocks moved in the session, with notable gainers including Intensity Therapeutics (INTS), MBIA Inc. (MBI), and ALX Oncology Holdings (ALXO), among others. Losers included Cyngn Inc. (CYN), African Agriculture Holdings (AAGR), and Golden Heaven Group Holdings (GDHG).

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 5:58 pm

Eneti Inc. has announced an extension of the share exchange offer for its outstanding common stock until 5:30 p.m. Eastern on December 14, 2023, along with a new loan facility. Shares of Eneti are trading higher following this news.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:24 pm

Torrid Holdings Inc. reported better-than-expected Q3 results and raised FY23 guidance, causing its shares to jump 22.3%. MBIA Inc. declared an $8.00 per share extraordinary dividend, leading to a 63.8% share increase. Other stocks like ALX Oncology, Virco Mfg., and Bitfarms also saw significant gains after positive upgrades, earnings reports, and corporate actions.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 3:40 pm

Cadeler A/S and Eneti Inc. have extended their share exchange offer for all outstanding shares of Eneti to December 14, 2023. Cadeler also reduced the minimum tender condition from 85.01% to 70%. Additionally, Cadeler announced the signing of a new loan facility.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:52 pm

In Friday's pre-market session, there were notable movements in the stocks of several industrial companies. Eneti and Virco Mfg saw significant gains, with Eneti rising by 11.0% and Virco Mfg by 10.55% after releasing Q3 earnings. AERWINS Technologies, Ault Alliance, Multi Ways Holdings, and LanzaTech Global also experienced gains. Conversely, Shengfeng Development, Electriq Power Holdings, Gates Industrial Corp, Sky Harbour Group, FiscalNote Holdings, and Satellogic recorded losses, with Shengfeng Development leading the decline at 12.7%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 1:07 pm

Cadeler A/S and Eneti Inc. have announced an extension of the share exchange offer for all outstanding shares of Eneti Inc. until December 14, 2023. Additionally, Eneti has disclosed a new loan facility, details of which were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:03 pm

Eneti Inc. announced the closing of a $436.0 million credit facility and the sale of two NG2500X vessels. The financial move could strengthen the company's balance sheet and liquidity, potentially impacting its stock positively in the short term.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 12:32 pm

Eneti Inc. (NYSE:NETI) has announced a quarterly dividend payout of 1 cent per share. The ex-dividend date is Tuesday, meaning shares will trade lower by the dividend amount. Shareholders owning NETI stock by the end of Monday are eligible for the dividend, which will be paid on December 15, 2023.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 2:45 pm

The article lists a number of companies scheduled to report their earnings on November 14, 2023. It includes their expected quarterly results, with some companies anticipated to report profits per share and others expected to report losses. The revenues for each company are also provided, giving investors insights into the financial performance of these companies for the upcoming earnings announcements.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 1:23 pm

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