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MARKET CURRENTS
real-time news and commentary for investors

  • Today - Wednesday, May 22, 2013

  • 6:19 PM Apricus Biosciences (APRI) gets slammed in the post session after anouncing a public offering of common stock and warrants, with a 30-day option to purchase additional shares and warrants to cover over-allotments, if any. Lazard Capital Markets is acting as sole book-running manager. Shares -13% AH. [Healthcare, On the Move] Comment!
  • AVB
    6:00 PM AvalonBay Communities (AVB) announces a 7.9M share at-the-market secondary public stock offering by Jupiter Enterprise, an indirect subsidiary of Lehman Brothers Holding. 14.9M shares were issued to Jupiter in connection with the company's acquisition of a portion of the Archstone apartment community portfolio in February 2013. The seller stockholder will receive all of the proceeds. Shares -0.8% AH. [Financials] Comment!
  •  
    5:58 PM A theme bubbling up at the start of the annual MLP conference (where attendance is up 38% Y/Y): the largely retail ownership of MLPs is slowly shifting as more institutions get interested in MLPs. Individuals tend to be unwilling to sell MLPs as the deferred tax burden rises, and more institutional ownership could fuel more trading or short-short selling in MLPs. [Energy] 1 Comment
  • BRS
    5:52 PM Bristow Group (BRS): FQ4 EPS of $1.01 misses by $0.01. Revenue of $391.6M (+10% Y/Y) beats by $11.04M. (PR) [Earnings, Breaking News] Comment!
  • 5:51 PM Financial Institutions (FISI) declares $0.18/share quarterly dividend, in line with previous. Forward yield 3.65%. For shareholders of record June 13. Payable July 02. Ex-div date June 11. (PR) [Dividends] Comment!
  • MCK
    5:51 PM McKesson (MCK) declares $0.20/share quarterly dividend, in line with previous. Forward yield 0.68%. For shareholders of record June 07. Payable July 01. Ex-div date June 05. (PR) [Dividends] Comment!
  • ROC
    5:50 PM Rockwood Holdings (ROC) declares $0.40/share quarterly dividend, in line with previous. Forward yield 2.37%. For shareholders of record June 04. Payable June 19. Ex-div date May 31. (PR) [Dividends] Comment!
  • HMN
    5:50 PM Horace Mann Educators (HMN) declares $0.195/share quarterly dividend, in line with previous. Forward yield 3.44%. For shareholders of record June 10. Payable June 28. Ex-div date June 06. (PR) [Dividends] Comment!
  • DCI
    5:50 PM Donaldson (DCI) declares $0.13/share quarterly dividend, 30% increase from prior dividend of $0.10. Forward yield 1.37%. For shareholders of record June 07. Payable June 21. Ex-div date June 05. (PR) [Dividends] Comment!
  • 5:50 PM First Capital (FCAP) declares $0.20/share quarterly dividend, in line with previous. Forward yield 4.04%. For shareholders of record June 14. Payable June 28. Ex-div date June 12. (PR) [Dividends] Comment!
  • JCS
    5:50 PM Communications Systems (JCS) declares $0.16/share quarterly dividend, in line with previous. Forward yield 6.52%. For shareholders of record June 14. Payable July 01. Ex-div date June 12. (PR) [Dividends] Comment!
  • PHX
    5:49 PM Panhandle Oil & Gas (PHX) declares $0.07/share quarterly dividend, in line with previous. Forward yield 0.96%. For shareholders of record June 03. Payable June 12. Ex-div date May 30. (PR) [Dividends] Comment!
  • 5:49 PM State Bank Financial (STBZ) declares $0.03/share quarterly dividend, in line with previous. Forward yield 0.78%. For shareholders of record June 10. Payable June 18. Ex-div date June 06. (PR) [Dividends] Comment!
  • HCC
    5:49 PM HCC Insurance Holdings (HCC) declares $0.165/share quarterly dividend, in line with previous. Forward yield 1.56%. For shareholders of record July 01. Payable July 15. Ex-div date June 27. (PR) [Dividends] Comment!
  • 5:48 PM After-hours top gainers, as of 5:30 p.m.: PSUN +17.8%. HPQ +13.8%. NCS +7.6%. RTIX +5.8%. AMAG +5.6%.
    After-hours top losers: VICL -3.2%. CST -2.8%. SYPR -2.4%. HUM -1.8%. NG -1.8%.
    [On the Move] Comment!
  •  
    5:47 PM While pundits parse Bernanke and the FOMC minutes, Jon Hilsenrath is advising Fed-watchers to expect less "tapering" talk from now on and more standalone steps to test market reactions and enable flexible follow-up measures: "The Fed effectively wants the markets to experience the same uncertainty it experiences... and it wants to condition the market to avoid jumping to conclusions about what it will do next." [U.S. Economy] Comment!
  • TSLA, GM
    5:46 PM On the repayment of its government loan, Tesla (TSLA) takes the opportunity in its press release to lob a few jibes at its competitors stating: "Following this payment, Tesla will be the only American car company to have fully repaid the government." Both General Motors (GM) and Chrysler still have outstanding balances remaining with the U.S. Treasury. [Consumer] 4 Comments
  • POR
    5:45 PM Portland General Electric (POR) declares $0.275/share quarterly dividend. Forward yield 3.49%. For shareholders of record June 25. Payable July 15. Ex-div date June 21. (PR) [Dividends] Comment!
  • 5:45 PM Ross Stores (ROST) declares $0.17/share quarterly dividend, in line with previous. Forward yield 1.04%. For shareholders of record June 11. Payable June 28. Ex-div date June 07. (PR) [Dividends] Comment!
  • 5:35 PM Notable earnings after Thursday ’s close: ARO, BLOX, CRM, GPS, MENT, MRVL, P, ROST, SHLD, SVM, WSM, ZUMZ Comment!
DJIA (DIA) S&P 500 (SPY)