Newsletter

OneSpan Increases Annual Guidance on Improved Third Quarter Earnings

OneSpan Inc. (OSPN) released third quarter financial results on October 29. The company’s total revenue grew 52% over the previous year, and software revenue grew 77% over the previous year to $24.7 million. Annual estimates of adjusted EBITDA increased from between $22 million and $27 million to between $26 million and $28 million. OneSpan is […]

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Navient Approves New $1 Billion Share Repurchase Program

On October 23, Navient (NAVI) reported that its Board of Directors authorized a new share repurchase program. Under the new program, Navient can purchase up to $1 billion of the company’s outstanding common shares. This program is an addition to the $77 million remaining from the repurchase authorization from September 2018.   Jet Equities issued […]

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PB Bancorp and Centreville Bank Announce Merger

PB Bancorp, Inc. (PBBI) and Centreville Bank, a Rhode Island-chartered savings bank, announced a merger agreement on October 22. The estimated value of the transaction is $114.5 million. PB Bancorp shareholders will receive $15.25 per share in cash. The merger will close in the first half of 2020.   Jet Equities issued an alert to […]

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Akorn Gets FDA Approval for Betamethasone Dipropionate Lotion USP (Augmented), 0.05%

Akorn, Inc. (AKRX) announced on October 14 that the company received FDA approval for betamethasone dipropionate lotion USP (augmented), 0.05%.  Akorn had filed an Abbreviated New Drug Application (ANDA) with the FDA. Betamethasone dipropionate lotion (augmented) is a corticosteroid indicated for the relief of dermatoses in patients 13 years of age and older. U.S. sales […]

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ADT Acquires Video Alarm Service I-View Now

On October 17, ADT (ADT) announced that it is acquiring I-View Now. ADT is the leading smart home security provider and serves both residential and business customers. I-View Now is a leading video alarm verification service, and the acquisition will help ADT to prioritize emergency service responses and reduce false alarms for its customers.   […]

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Subsidiary of NACCO Industries Gets Exclusive Contract Miner Rights for Thacker Pass

On September 25, NACCO Industries, Inc. (NC) announced that its subsidiary, Sawtooth Mining, has entered into an agreement as the exclusive contract miner for the Thacker Pass lithium project in northern Nevada. Thacker Pass is believed to be the largest known lithium deposit in the United States. Sawtooth will design, construct, operate, and maintain the […]

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McCormick Reports Higher Third Quarter Earnings and Increases Annual Outlook

On October 1, McCormick and Company, Inc. (MKC) released financial reports for the third quarter of 2019. Adjusted earnings per share rose 14% from $1.28 in the previous year to $1.46. Adjusted annual earnings per share estimates increased from between $5.20 and $5.30 to between $5.30 and $5.35. McCormick is a global leader in flavor. […]

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Great Western Bancorp Increases Stock Repurchase Ceiling

On September 3, Great Western Bancorp, Inc. (GWB) announced that its Board of Directors amended its current stock repurchase program. The amendment allows the company to repurchase an additional $75 million in common stock. Previous repurchases were close to the $100 million total allocated under the October 26, 2016 authorization.   Jet Equities sent an […]

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Stifel Financial Acquires B&F Capital Markets

Stifel Financial Corp. (SF) announced on September 3 that the company completed its acquisition of B&F Capital Markets, Inc. B&F is a leader in providing small regional and community banks with extensive interest rate swap capabilities. Stifel is a financial services holding company headquartered in St. Louis.   Jet Equities sent an alert to subscribers […]

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