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Latest Stock Research: Grupo Supervielle S.A. (NYSE:SUPV)

Grupo Supervielle S.A. (NYSE:SUPV), completed the trade at a price of $2.16 after seeing a change of 6.93% that brought its market cap to $313.37 million. The company closed the session with a trading volume of 490.48 thousand shares, below from its average daily trading volume of 701.58 thousand. It has been generating revenue of $543.5 million while net income posted by the company in last 12 months was $63million.

Grupo Supervielle S.A. (NYSE: SUPV) announced on May 15, 2020 that in accordance with the resolution of the Annual Ordinary and Extraordinary Shareholders Meeting held on April 28, 2020, taking into consideration that the Company has not received the response from the Central Bank of Argentina to the request to access the foreign exchange currency market for the payment of dividends in US Dollars within the period stipulated by such Shareholders Meeting and the release of the voluntary reserve established for the future distribution of dividends approved by the Board of Directors on May 14, 2020, cash dividends of P$. 426,000,00 will be distributed and paid starting on May 29, 2020, to existing Shareholders as of the record date set on May 28, 2020 (the ¨Record Date¨). The amount to be distributed is equivalent to 93.273304036% of the outstanding capital and the nominal value of its representative shares or P$0.93273304036 per outstanding share or P$4.663665202 per ADS. The total amount of dividends to be distributed corresponds to earnings for the year ended on December 31, 2019.

The rule of receiving payment of the dividend in pesos in an account in Argentina will be applied in general on shareholders. However, shareholders may choose to receive the dividend in US dollars either in a local or a foreign account (“US Dollar Payment Option”) according to the conditions established below. Consequently, shareholders that do not exercise the US Dollar Payment Option will receive the dividend payment in Pesos. Payment will be made available through Caja de Valores S.A. (25 de Mayo 362, City of Buenos Aires, Republic of Argentina) starting on May 29, 2020, on business days from 10:00 AM to 3:00 PM Buenos Aires time, subject to compliance with all required procedures. The payment process will be carried out in accordance with the regulatory deadlines. Shareholders who wish to exercise the US Dollar Payment Option shall send a notice to Caja de Valores S.A. (at 25 de Mayo 362, Autonomous City of Buenos Aires) during the exercise period which will begin on May 18, 2020 and will end on May 22, 2020 (the “Exercise Period”). ADS Holders will receive their payment through the Depositary Bank, The Bank of New York Mellon as from the date set forth by the respective rules that apply in the jurisdiction where the Company’s ADSs are listed.

When looking at performance, we see the stock demonstrating a weekly performance of 11.92% while keeping a monthly performance of 29.34%. Quarterly performance saw a drop of -29.87% and continued the negative trend with a yearly performance of -64.59% while showing YTD performance of -41.3% which was -13.25% for last six months.

The 52-week range for the stock was 1.28 – 9.03 that put its current price at a premium of 68.75% to the 52-week low price whereas it is trading at a discount of -76.08% to the 52-week high price. The Banks – Regional company is currently upholding a net profit margin of 11.6%. Operating margin for the last 12 months remained 5.6%. The company’s EPS for trailing 12 months is $0.69 and its annual dividend yield is 3.24%. It is estimated to be posting an EPS of $0.24 for the current quarter. The Beta number showed the stock is subject to risk 18% more than the market as a whole.

In the trailing twelve months, its return on assets (ROA) is 2.7% while ROE for the same period is 21.6% and have seen an average of 9.4% return on investment (ROI). The outstanding share count is 91.34 million shares but the size of available float is 65.64 million shares. The stock’s current price is lagging SMA-200 by -23.12% which is also 27.47% up from SMA-50. Reducing that period to a shorter term, we see the price is trailing 22.43% to the SMA-20. Volatility for the week was 8.98%, which was 2.51% in the previous month.

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Stock News Report: BancorpSouth Bank (NYSE:BXS)

BancorpSouth Bank (NYSE:BXS), settled the day at a share price of $20.49 after seeing a rise of 6.77% that brought its market cap to $2.14 billion. It has been generating revenue of $795.9 million while net income posted by the company in last 12 months was $204.6 million. When looking at performance, we see the stock demonstrating a weekly performance of 12.27% while keeping a monthly performance of 2.19%. Quarterly performance saw a drop of -29.22% and continued the negative trend with a yearly performance of -28.98% while showing YTD performance of -34.77% which was -34.05% for last six months.

BancorpSouth Bank (NYSE: BXS) came announcing on January 2, 2020 that it has completed its previously announced merger with Texas First Bancshares, Inc., the parent company of Texas First State Bank (collectively referred to as “Texas First”), effective January 1, 2020. “We’re delighted to announce the completion of our merger with Texas First,” said BancorpSouth Chairman and Chief Executive Officer Dan Rollins. “Both of our banks share similar philosophies and a strong commitment to our customers and communities. This is a positive step in our growth strategy, and we’re excited to welcome Texas First’s customers and teammates to BancorpSouth and expand our geographic footprint.”

Customers will remain using their current branches, checks, debit/ATM cards, online banking and other banking services. Detailed communications will be provided to all Texas First customers prior to the system conversion. “We’re excited to join the BancorpSouth team and look forward to the opportunities and benefits this combination will bring to our customers, teammates and shareholders,” said BancorpSouth Waco, Texas Chairman Rodney Kroll, former chairman and chief executive officer of Texas First. “We’re confident this transaction will create long-term value and enhance our ability to deliver the best products and services from the same bankers our customers already know and trust.”

The 52-week range for the stock was 17.21 – 32.97 that put its current price at a premium of 19.06% to the 52-week low price whereas it is trading at a discount of -37.85% to the 52-week high price. The Banks – Regional company is currently upholding a net profit margin of 27.1%. Operating margin for the last 12 months remained 79.1%.

The company’s EPS for trailing 12 months is $1.99 and its annual dividend yield is 3.61% with a payout ratio of 31.6%. It is estimated to be posting an EPS of $0.41 for the current quarter. The Beta number showed the stock is subject to risk 48% more than the market as a whole. In the trailing twelve months, its return on assets (ROA) is 1.1% while ROE for the same period is 9% and have seen an average of 23.3% return on investment (ROI).

The outstanding share count is 104.74 million shares but the size of available float is 83.66 million shares. The stock’s current price is lagging SMA-200 by -24.54% which is also 2.55% up from SMA-50. Reducing that period to a shorter term, we see the price is trailing 1.57% to the SMA-20. Volatility for the week was 5.65%, which was 5.19% in the previous month. The company closed the session with a trading volume of 479.15 thousand shares, below from its average daily trading volume of 726.43 thousand.

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Notable news popped up Friday: American Finance Trust, Inc. (NASDAQ:AFIN)

American Finance Trust, Inc. (NASDAQ:AFIN), closed the day at $6.34, a rise of 0.48 per cent and a stock price that brought its market cap to $642.56 million. The company closed the session with a trading volume of 498.32 thousand shares, below from its average daily trading volume of 710.92 thousand. It has been generating revenue of $299.7 million while net income posted by the company in last 12 months was -$3.1 million.

American Finance Trust, Inc. (Nasdaq: AFIN) on April 13, 2020 said that its Board of Directors (the “Board”) has approved a short-term stockholder rights plan (the “Plan”) to protect the long-term interests of the Company. The Board has adopted the Plan at this time due to the substantial volatility in the trading of the Company’s Class A common stock (the “Common Stock”) that has resulted from the ongoing COVID-19 pandemic. The adoption of the Plan by the Board is intended to allow the Company to realize the long-term value of the Company’s assets by protecting the Company from the actions of third parties that the Board determines are not in the best interest of the Company. By adopting the Plan, the Board believes that it has best positioned the Company to navigate through this period of volatility brought on by COVID-19. Similar to plans adopted recently by other publicly held companies, AFIN’s Plan is designed to reduce the likelihood that any person or group (including a group of persons that are acting in concert with each other) would gain control of AFIN through open market accumulation of stock by imposing significant penalties upon any person or group that acquires 4.9% or more of the outstanding shares of the Common Stock without the approval of the Board. The Plan is not intended to prevent or interfere with any action that the Board determines to be in the best interest of the Company and, among other exemptions, exempts passive investors (as described in the Plan).

As part of the plan, the rights will initially trade with Common Stock and will generally only become exercisable on the 10th business day after the Board becomes aware that a person or entity has become the owner of 4.9% or more of the shares of Common Stock or the commencement of a tender or exchange offer which would result in the offer or becoming an owner of 4.9% or more of the Common Stock. The Plan expires on April 12, 2021 unless the Plan is amended or the Rights are earlier exercised, exchanged or redeemed.

When looking at performance, we see the stock demonstrating a weekly performance of -15.01% while keeping a monthly performance of -4.66%. Quarterly performance saw a drop of -52.72% and continued the negative trend with a yearly performance of -46.23% while showing YTD performance of -52.19% which was -56.61% for last six months.

The 52-week range for the stock was 4.20 – 15.18 that put its current price at a premium of 50.95% to the 52-week low price whereas it is trading at a discount of -58.23% to the 52-week high price. The Diversified REIT company is currently upholding a gross margin of 73.8% while maintaining a net profit margin of -1%. Operating margin for the last 12 months remained 18.3%. The company’s EPS for trailing 12 months is -$0.03 and its annual dividend yield is 13.41% while it is estimated to be posting an EPS of $0.26 for the current quarter.

In the trailing twelve months, its return on assets (ROA) is -0.1% while ROE for the same period is -0.2% and have seen an average of 1.6% return on investment (ROI). The outstanding share count is 101.35 million shares but the size of available float is 101.35 million shares. The stock’s current price is lagging SMA-200 by -46.03% which is also -8.58% down from SMA-50. Reducing that period to a shorter term, we see the price is also lagging -8.52% to the SMA-20. Volatility for the week was 7.97%, which was 9.25% in the previous month.

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Notable news to read: OneConnect Financial Technology Co., Ltd. (NYSE:OCFT)

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT), ended the day at $15.09, a rise of 9.35 per cent and a share price that brought its market capitalization to $5.08 billion. Volatility for the week was 9.83%, which was 7.03% in the previous month. The company closed the session with a trading volume of 489.37 thousand shares, above from its average daily trading volume of 335.77 thousand. It has been generating revenue of $328.7 million while net income posted by the company in last 12 months was -$234.5 million.

OneConnect Financial Technology Co. Ltd. (NYSE: OCFT), announced on January 16, 2020 that in pursuance of the partial exercise of the underwriters’ over-allotment option in connection with the IPO it has closed the issuance of an additional 3,520,000 American Depositary Shares (“ADSs”) of the Company at the initial public offering ( the “IPO”) price of US$10.0 per ADS,.

The company collaborated with Morgan Stanley & Co. LLC, Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, Ping An of China Securities (Hong Kong) Company Limited as active joint bookrunners and as representatives of the underwriters, BofA Securities, Inc. and HSBC Securities (USA) Inc., had act as passive joint bookrunners and as representatives of the underwriters, and CLSA Limited and KeyBanc Capital Markets Inc. acted as co-managers for that offering. A registration statement related to the offering has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective. The offering is made only by means of a prospectus forming a part of the effective registration statement.

When looking at performance, we see the stock demonstrating a weekly performance of 13.29% while keeping a monthly performance of 50.9%. Quarterly performance saw a rise of 15.1% and continued the negative trend with a YTD performance of 50.45% which was 0.01% for last six months. The 52-week range for the stock was 9.02 – 16.60 that put its current price at a premium of 67.29% to the 52-week low price whereas it is trading at a discount of -9.1% to the 52-week high price.

The Software – Application company is currently upholding a gross margin of 41% while maintaining a net profit margin of -68.3%. Operating margin for the last 12 months remained -69.6%. The company’s EPS for trailing 12 months is -$0.64 and it is estimated to be posting an EPS of -$0.16 for the current quarter. In the trailing twelve months, it has seen an average of -16.1% return on investment (ROI).

The outstanding share count is 336.85 million shares but the size of available float is 122.1 million shares. The stock’s current price is trailing SMA-200 by 30.58% which is also 39.3% up from SMA-50. Reducing that period to a shorter term, we see the price is trailing 37% to the SMA-20.

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Recent Stock News: Second Sight Medical Products, Inc. (NASDAQ:EYES)

Second Sight Medical Products, Inc. (NASDAQ:EYES), concluded the day at $0.94 after seeing a rise of 0.97% that brought its market cap to $21.2 million. The Medical Devices company is currently upholding a gross margin of 36.3% while company’s EPS for trailing 12 months is -$2.34 and it is estimated to be posting an EPS of -$0.48 for the current quarter.

Second Sight Medical Products Inc. (NASDAQ: EYES), on May 5, 2020, announced that it closed its previously announced underwritten public offering of 7,500,000 shares of common stock at an offering price of $1.00 per share for aggregate gross proceeds of $7,500,000, prior to deducting underwriting discounts, commissions and other offering expenses.

Regarding its intentions of utilizing the funds, Second Sight Medical Products said that it will use the net proceeds from the offering for accrued expenses, working capital and general corporate purposes, which may include, without limitation, engaging in partnerships, business combinations, or acquisitions or investing in businesses that may or may not be related to its current operations. ThinkEquity, a division of Fordham Financial Management, Inc., acted as sole book-running manager for the offering. The shares of common stock in this offering were offered on a firm commitment basis, any and all basis pursuant to an effective shelf registration statement.

The Beta number showed the stock is subject to risk 155% more than the market as a whole. In the trailing twelve months, its return on assets (ROA) is -121.5% while ROE for the same period is -188.5% and have seen an average of -465.1% return on investment (ROI). The outstanding share count is 22.67 million shares but the size of available float is 13.18 million shares.

The stock’s current price is lagging SMA-200 by -81.56% which is also -50.61% down from SMA-50. Reducing that period to a shorter term, we see the price is also lagging -33.69% to the SMA-20. Volatility for the week was 9.43%, which was 7.52% in the previous month. The company closed the session with a trading volume of 524.74 thousand shares, above from its average daily trading volume of 335.25 thousand. It has been generating revenue of $3.4 million while net income posted by the company in last 12 months was -$33.6 million.

When looking at performance, we see the stock demonstrating a weekly performance of -10.95% while keeping a monthly performance of -39.68%. Quarterly performance saw a drop of -83.6% and continued the negative trend with a yearly performance of -86.74% while showing YTD performance of -84.25% which was -87.27% for last six months. The 52-week range for the stock was 0.71 – 8.96 that put its current price at a premium of 31.69% to the 52-week low price whereas it is trading at a discount of -89.56% to the 52-week high price.

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Latest News for Traders: InterContinental Hotels Group PLC (NYSE:IHG)

InterContinental Hotels Group PLC (NYSE:IHG), concluded the day at $38.26 after seeing a fall of -7.52% that brought its market cap to $6.83 billion. In the trailing twelve months, its return on assets (ROA) is 10% while ROE for the same period is -29.5% and have seen an average of 35.1% return on investment (ROI). The outstanding share count is 178.6 million shares but the size of available float is 166.59 million shares. The stock’s current price is lagging SMA-200 by -33.85% which is also -9.84% down from SMA-50. Reducing that period to a shorter term, we see the price is also lagging -12.12% to the SMA-20.

InterContinental Hotels Group PLC (NYSE:IHG) on April 6, 2020 said that it has successfully completed the sale of its leasehold interest in Holiday Inn Melbourne Airport to Pelligra Group, owners of upcoming Holiday Inn Melbourne Werribee and Holiday Inn Melbourne Richmond. The decision supports IHG’s global asset-light strategy, which ensures its business model is focused around what it does best: franchising and managing hotels, with its business partners owning the bricks and mortar. Since 2003 IHG has completed the sale of almost 200 hotels globally as part of its move to an asset-light business model, and the sale of the Holiday Inn Melbourne Airport lease continues that global approach.

Pelligra Group has agreed that it will invest in a major refurbishment of this hotel over the coming years as part of the sale, bringing it in line with the best of the Holiday Inn brand. Abhijay Sandilya, Vice President Development, Australasia, Japan & Pacific said: “We are particularly thrilled to expand our partnership with Pelligra Group. We have a fantastic relationship and together we will open Holiday Inn Melbourne Werribee in 2021 and Holiday Inn Melbourne Richmond in 2023. We’re pleased that the deal means that we not only continue to support IHG’s global strategy, but that the iconic Holiday Inn Melbourne Airport will benefit from a refurbishment. We are very excited to welcome a high performing hotel like Holiday Inn Melbourne Airport to the Pelligra Group, it’s a fantastic asset that fits perfectly into our portfolio. This is a long term investment for us. We have a strong balance sheet and we are committed to keep the hotel trading through the current challenging period and into Melbourne Airport’s new era of expansion, which will include an extensive refurbishment for this great hotel. IHG is a great partner and we are so pleased to work together on so many great projects.”

Volatility for the week was 4.14%, which was 3.57% in the previous month. The company closed the session with a trading volume of 494.74 thousand shares, below from its average daily trading volume of 539.95 thousand. It has been generating revenue of $4.63 billion while net income posted by the company in last 12 months was $385million.

When looking at performance, we see the stock demonstrating a weekly performance of -9.08% while keeping a monthly performance of -12.43%. Quarterly performance saw a drop of -40% and continued the negative trend with a yearly performance of -40.18% while showing YTD performance of -44.28% which was -37.84% for last six months. The 52-week range for the stock was 25.39 – 71.02 that put its current price at a premium of 50.72% to the 52-week low price whereas it is trading at a discount of -46.13% to the 52-week high price.

The Lodging company is currently upholding a gross margin of 27.2% while maintaining a net profit margin of 8.3%. Operating margin for the last 12 months remained 13.6%. The company’s EPS for trailing 12 months is $2.09 and its annual dividend yield is 3.29% with a payout ratio of 56.1%. It is estimated to be posting an EPS of $0 for the current quarter. The Beta number showed the stock is subject to risk 23% more than the market as a whole.

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Watchlist Latest Stocks News: LGI Homes, Inc. (NASDAQ:LGIH)

LGI Homes, Inc. (NASDAQ:LGIH), ended the day at $66.67, a fall of -4.58 per cent and a share price that brought its market capitalization to $1.59 billion. The outstanding share count is 23.86 million shares but the size of available float is 22.14 million shares. The stock’s current price is lagging SMA-200 by -8.3% which is also 20.51% up from SMA-50. Reducing that period to a shorter term, we see the price is trailing 16.31% to the SMA-20. Volatility for the week was 5.68%, which was 7.27% in the previous month.

LGI Homes, Inc. (Nasdaq:LGIH) in early March announced its plans of entering into the master-planned community of Mirada, located in San Antonio, Florida, with intentions to unveil a brand-new set of luxury townhomes at the grand opening event on Mar. 28, 2020. New homeowners in the amenity-rich community of Mirada will experience resort-style living right in their neighborhood. The 15-acre Crystal Lagoon® serves as a focal point for various recreational water activities such as kayaking and swimming. In addition, families will enjoy the outdoors even more with the abundant open green space found in the community’s walking and biking trails, tot lot and dog park. A clubhouse with a fitness center will also be available for use by Mirada homeowners.

LGI Homes was constructing move-in ready townhomes at Mirada, with luxurious upgrades included in every home. Each of these two-story homes will range from 1,500 to just over 2,000 square feet. All layouts will feature open-concept living spaces, a private master retreat and designer finishes. As part of LGI’s CompleteHome Plus™ package found only in select communities, quartz-covered countertops, stainless-steel appliances and wood cabinetry with crown molding are only a few of the highlighted upgrades showcased in every home. Only minutes away from Wesley Chapel, Mirada residents are just a short drive away from the Lexington Oaks Golf Course, multiple resort spas and the 143-acre Wesley Chapel District Park, which features outdoor picnic areas as well as soccer and baseball fields. Also in close range, a vast array of dining experiences such as steakhouses, sushi restaurants and fresh farmer’s markets are available.  Additionally, parents and students can look forward to the various athletic programs and student organizations offered at the top-rated public and private schools nearby.

The company closed the session with a trading volume of 491.87 thousand shares, below from its average daily trading volume of 541.78 thousand. It has been generating revenue of $2.01 billion while net income posted by the company in last 12 months was $203.1 million. When looking at performance, we see the stock demonstrating a weekly performance of 0.1% while keeping a monthly performance of 32.31%. Quarterly performance saw a drop of -27.02% and continued the negative trend with a yearly performance of -5.77% while showing YTD performance of -5.63% which was -6.92% for last six months.

The 52-week range for the stock was 33.00 – 95.72 that put its current price at a premium of 102.03% to the 52-week low price whereas it is trading at a discount of -30.35% to the 52-week high price. The Residential Construction company is currently upholding a gross margin of 23.8% while maintaining a net profit margin of 10.1%. Operating margin for the last 12 months remained 13%.

The company’s EPS for trailing 12 months is $7.94 and it is estimated to be posting an EPS of $1.56 for the current quarter. The Beta number showed the stock is subject to risk 16% more than the market as a whole. In the trailing twelve months, its return on assets (ROA) is 12.5% while ROE for the same period is 25.3% and have seen an average of 11.3% return on investment (ROI).

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Under The Radar Stock News: Kraton Corporation (NYSE:KRA)

Kraton Corporation (NYSE:KRA), finished the day at $14.65, a rise of 9.66 per cent and a price that brought its market cap to $523.74 million. In the trailing twelve months, its return on investment (ROI) is 6% while the outstanding share count is 35.75 million shares but the size of available float is 30.89 million shares. The stock’s current price is lagging SMA-200 by -29.87% which is also 58% up from SMA-50. Reducing that period to a shorter term, we see the price is trailing 30.65% to the SMA-20.

HOUSTON, March 6, 2020 /PRNewswire/ — Kraton Corporation (NYSE: KRA) on March 6, 2020, said that it has completed the sale of its Cariflex™ business to Daelim Industrial Co, Ltd. (“Daelim”) for $530.0 million in cash saying that we are pleased to announce that we have completed the sale of our Cariflex business to Daelim Industrial Co, Ltd.  We believe Daelim is well-positioned to invest in and grow the Cariflex franchise as it continues to expand its global business.  We thank the Cariflex team for their significant contributions, not only for developing Cariflex, but for continuing to grow the business over the years, and we wish them continued success in the future.

Kevin M. Fogarty, Kraton’s President and Chief Executive Officer said that as previously communicated, we intend to use the net proceeds from the Cariflex sale principally for debt reduction.  Following the closing of this important transaction, we remain committed to continuing to improve our overall capital structure, and this sale is an important step in that regard,” added Fogarty. J.P. Morgan Securities LLC acted as exclusive financial advisor to Kraton and Baker McKenzie served as legal advisor. UBS Securities LLC acted as exclusive financial advisor to Daelim and Paul Hastings LLP acted as legal advisor.

Volatility for the week was 9.74%, which was 2.10% in the previous month. The company closed the session with a trading volume of 487.61 thousand shares, below from its average daily trading volume of 586.51 thousand. It has been generating revenue of $1.78 billion.

When looking at performance, we see the stock demonstrating a weekly performance of 5.4% while keeping a monthly performance of 48.88%. Quarterly performance saw a drop of -11.16% and continued the negative trend with a yearly performance of -51.12% while showing YTD performance of -42.14% which was -40.4% for last six months. The 52-week range for the stock was 4.45 – 35.00 that put its current price at a premium of 229.21% to the 52-week low price whereas it is trading at a discount of -58.14% to the 52-week high price.

The Specialty Chemicals company’s EPS for trailing 12 months is $7.69 and it is estimated to be posting an EPS of $0.01 for the current quarter. The Beta number showed the stock is subject to risk 216% more than the market as a whole.

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Stock News for The Howard Hughes Corporation (NYSE:HHC)

The Howard Hughes Corporation (NYSE:HHC), completed the trade at a price of $54.71 after seeing a change of 5.74% that brought its market cap to $3.14 billion. The outstanding share count is 57.35 million shares but the size of available float is 53.1 million shares. The stock’s current price is lagging SMA-200 by -49.22% which is also -13.52% down from SMA-50. Reducing that period to a shorter term, we see the price is trailing 3.82% to the SMA-20. Volatility for the week was 5.14%, which was 6.02% in the previous month.

DALLAS, March 30, 2020 /PRNewswire/ — The Howard Hughes Corporation® (NYSE: HHC) on March 30, 2020, came closing on two loans totaling over $490 million. A $356.8 million construction loan was secured at Ward Village® for its sixth residential mixed-use development, Kō’ula, reflecting continued strong demand to live in the acclaimed 60-acre master planned community transforming Oahu. In addition, a $137 million, 5-year term loan was secured for 9950 Woodloch Forest Drive, one of two premier Class AAA towers in The Woodlands® comprising the newly rebranded The Woodlands Towers at The Waterway. At Ward Village, The $356.8 million construction loan for Kō’ula, which has a three-year initial term with a one-year extension, carries an interest rate of London Interbank Offered Rate (LIBOR) + 3.0%. Total project costs of $485.1 million, exclusive of land, will be covered by the loan, existing buyer deposits and approximately $28.2 million of cash equity. The loan is led by US Bank with seven other participating lenders. “With nearly 75% of homes already pre-sold at Kō’ula, we continue to see strong momentum in the local market,” said Doug Johnstone, President, Hawai’i at The Howard Hughes Corporation. “Today, approximately 90% of our homes (over 2,421 residential units) are sold across the six towers at Ward Village that are either delivered or under construction, producing total contracted sales revenue of approximately $2.7 billion. These robust sales numbers reflect the enthusiastic response to the dynamic community taking shape in the heart of urban Honolulu.”

A 5–year term loan in The Woodlands, was secured for 9950 Woodloch Forest Drive carries an interest-only rate of London Interbank Offered Rate (LIBOR) +1.95% and will provide $63.5 million of initial funding, which will repay the property’s allocation of the bridge loan used for the acquisitions of The Woodlands Towers at The Waterway, and provide “good news” money for leasing for total funding up to $137 million. The company is currently documenting the terms for an extension of the remaining $281 million of the bridge loan, pursuant to which HHC would receive a six-month extension at LIBOR plus 235 basis points, and have the option for an additional six-month extension at LIBOR plus 290 basis points, extending the final maturity to June 2021. This loan follows the recent announcement that a 133,948-square-foot lease was signed with Western Midstream Partners, LP (NYSE: WES) for the top five floors of the building, which is now 35% leased. The Woodlands Towers at The Waterway is designed to meet the demands of the commercial office market for relocation and expansion, featuring a state-of-the-art, two-level fitness center complete with a basketball and volleyball court, approximately 33,000-square-foot rooftop terrace, building conference facilities, lobby café and a tenant concierge program along with additional amenities. Both Class AAA towers—the 595,000-square-foot, 31-story tower at 9950 Woodloch Forest Drive and the 808,000-square-foot, 30-story tower at 1201 Lake Robbins Drive—are LEED Silver certified, and offer frontage along Interstate 45 with convenient access to the Grand Parkway, Hardy Toll Road and the George Bush Intercontinental Airport.

The company closed the session with a trading volume of 493.00 thousand shares, below from its average daily trading volume of 495.08 thousand. It has been generating revenue of $1.3 billion while net income posted by the company in last 12 months was $74million. When looking at performance, we see the stock demonstrating a weekly performance of 5.21% while keeping a monthly performance of -4.44%. Quarterly performance saw a drop of -56.03% and continued the negative trend with a yearly performance of -49.2% while showing YTD performance of -56.85% which was -49.07% for last six months.

The 52-week range for the stock was 35.10 – 135.42 that put its current price at a premium of 55.87% to the 52-week low price whereas it is trading at a discount of -59.6% to the 52-week high price. The Real Estate – Diversified company is currently upholding a gross margin of 37.5% while maintaining a net profit margin of 5.7%. Operating margin for the last 12 months remained 11.9%.

The company’s EPS for trailing 12 months is $1.71 and it is estimated to be posting an EPS of -$0.17 for the current quarter. The Beta number showed the stock is subject to risk 65% more than the market as a whole. In the trailing twelve months, its return on assets (ROA) is 0.9% while ROE for the same period is 2.3% and have seen an average of 1.7% return on investment (ROI).

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Summit Midstream Partners, LP (NYSE:SMLP) latest: 08 May, at a glance

Summit Midstream Partners, LP (NYSE:SMLP), closed the day at $0.85, a rise of 3.41 per cent and a stock price that brought its market cap to $83.95 million. It has been generating revenue of $443.5 million while net income posted by the company in last 12 months was -$398.4 million. When looking at performance, we see the stock demonstrating a weekly performance of -31.02% while keeping a monthly performance of 25.35%. Quarterly performance saw a drop of -67.61% and continued the negative trend with a yearly performance of -89.58% while showing YTD performance of -74.37% which was -82.21% for last six months.

Summit Midstream Partners, LP (NYSE: SMLP) came announcing a definitive agreement with Energy Capital Partners II, LLC (“ECP”) on May 3, 2020,  to acquire Summit Midstream Partners, LLC (“Summit Investments”), the privately held company that indirectly owns SMLP’s general partner, Summit Midstream GP, LLC (the “GP”), as well as 5.9 million SMLP common units owned separately by ECP, for $35 million in cash plus warrants covering 10 million SMLP common units (the “GP Buy-in Transaction”).  Pursuant to terms of the GP Buy-in Transaction, at closing, ECP will loan the full $35 million of cash proceeds to SMLP under a first-lien senior secured credit agreement which will bear interest at 8.0% per annum and the principal on which will be paid at maturity on March 31, 2021 (the “ECP Loan”).  SMLP intends to utilize the proceeds of the ECP Loan to enhance its liquidity position and for general corporate purposes.  The acquisition will result in a more simplified corporate structure whereby Summit Investments, and all of its subsidiaries, will become wholly owned subsidiaries of SMLP, and SMLP will be governed by a board consisting of a majority of independent directors.  

Summit Investments owns 100% of Summit Midstream Partners Holdings, LLC (“SMP Holdings”) which owns 100% of Summit Midstream GP, LLC, the general partner of SMLP, 45.3 million SMLP common units, cash on hand, and the $180.75 million deferred purchase price obligation (“DPPO”) receivable, all of which will remain outstanding as of the closing.  SMP Holdings will continue as the borrower under a $158.2 million term loan which matures in May 2022 and is secured by approximately 34.6 million of the SMLP common units owned by SMP Holdings and the GP interest.  The acquired entities will be unrestricted subsidiaries under SMLP’s senior notes indentures, and will not be guarantors or restricted subsidiaries under SMLP’s revolving credit facility.  As such, SMLP’s financial performance covenant calculations will not include borrowings under the term loan.     

SMLP also announced its intention to immediately suspend its distributions payable on its common units and on its 9.50% Series A fixed-to-floating rate cumulative redeemable perpetual preferred units.  The suspension of the common and preferred distributions will enable SMLP to retain an incremental approximately $76 million of cash in the business annually, which it intends to use to de-lever the balance sheet, enhance liquidity and increase financial flexibility.  The unpaid distributions on the preferred units will continue to accrue. Upon closing of the GP Buy-in Transaction, all directors affiliated with ECP will resign from the Board of Directors of SMLP’s General Partner (the “Board”).  Going forward, the Board will consist of a majority of independent directors, thereby fully aligning the interests of the Board with SMLP’s public unitholders.  SMLP will amend its partnership agreement in connection with the GP Buy-in Transaction to provide for the public election of directors on a staggered basis beginning in 2022. Heath Deneke, President and Chief Executive Officer, commented, “SMLP’s announcement to acquire our general partner interests, place SMLP’s control in the hands of a majority independent board and concurrently suspend our common distributions as well as payment on our preferred distributions sets up SMLP for long-term success.  The suspension of approximately $76 million of common distributions and cash payment of our preferred distributions combined with the $35 million loan from ECP enhances SMLP’s near term liquidity position and creates significant financial flexibility to help the business navigate through a turbulent and volatile time for the entire oil and gas industry.”

The 52-week range for the stock was 0.50 – 8.62 that put its current price at a premium of 69.7% to the 52-week low price whereas it is trading at a discount of -90.16% to the 52-week high price. The Oil & Gas Midstream company is currently upholding a gross margin of 63.7% while maintaining a net profit margin of -89.8%. Operating margin for the last 12 months remained 8.9%. The company’s EPS for trailing 12 months is -$4.62 and its annual dividend yield is 58.93%. It is estimated to be posting an EPS of $0.05 for the current quarter. The Beta number showed the stock is subject to risk 246% more than the market as a whole. In the trailing twelve months, its return on assets (ROA) is -14.1% while ROE for the same period is -55% and have seen an average of 2% return on investment (ROI).

The outstanding share count is 98.94 million shares but the size of available float is 40.67 million shares. The stock’s current price is lagging SMA-200 by -75.35% which is also -10.14% down from SMA-50. Reducing that period to a shorter term, we see the price is also lagging -5.8% to the SMA-20. Volatility for the week was 18.79%, which was 16.87% in the previous month. The company closed the session with a trading volume of 498.44 thousand shares, below from its average daily trading volume of 647.95 thousand.