Harte Hanks Inc. (HHS) - NYSE
  • Fri, Jun. 10, 12:48 PM
    | Fri, Jun. 10, 12:48 PM | 2 Comments
  • Mon, Mar. 14, 1:52 PM
    • Harte Hanks (NYSE:HHS) has tumbled -19.5% today following its late Friday news that it was discontinuing its dividend after tomorrow's payment.
    • That came along with a new $110M credit facility with Wells Fargo to replace facilities that expire in August. The company expects the moves are going to increase its balance sheet flexibility.
    • BMO Capital Markets has downgraded shares to Market Perform, from Outperform, and set a price target of $3 -- 18% below yesterday's closing price. Shares are trading currently at $2.94.
    | Mon, Mar. 14, 1:52 PM
  • Mon, Mar. 14, 12:45 PM
    | Mon, Mar. 14, 12:45 PM | 4 Comments
  • Fri, Mar. 11, 4:33 PM
    • Harte Hanks (HHS +2%) has set up a new credit facility and says it will discontinue paying dividends.
    • The company says the actions will enhance its flexibility. It's sealed a new $110M five-year senior secured credit facility with Wells Fargo ($65M revolving credit, $45M term loan) to replace its existing facilities expiring in August.
    • It'll pay the previously declared Q1 dividend of $0.085/share on March 15. It had a yield of 9.5%.
    • Regarding the balance sheet, Harte Hanks has reported holding $24.7M in cash (about $0.40/share) vs. total debt of $75.9M.
    | Fri, Mar. 11, 4:33 PM | 2 Comments
  • Mon, Mar. 7, 12:28 PM
    • Harte Hanks (HHS +2.5%) has added marketing consulting into its portfolio of services with the acquisition of Aleutian Consulting.
    • Terms weren't disclosed. Aleutian will be renamed Harte Hanks Consulting, and the transaction is expected to be accretive to 2016 results.
    • Aleutian primarily provided services to clients in telecom and technology, offering help in product, pricing, channel optimization and promotion design.
    | Mon, Mar. 7, 12:28 PM
  • Sep. 14, 2015, 4:37 PM
    • Harte Hanks (NYSE:HHS) finished the day up 7.9% -- rebounding from Friday's 52-week low of $3.38 -- after news that it selected a new permanent CEO in veteran CenturyLink COO Karen Puckett.
    • The company has filed that Puckett will receive a base salary of $730K, with an incentive equal to 100%-200% of base salary, as well as eligibility for bonus restricted stock.
    • The stock has lost 41.7% of value over the past three months, during which time the company began looking for a new CEO.
    | Sep. 14, 2015, 4:37 PM
  • Sep. 14, 2015, 12:45 PM
    | Sep. 14, 2015, 12:45 PM | 6 Comments
  • Jul. 21, 2015, 10:42 AM
    • Harte-Hanks (NYSE:HHS) is up 4% as BMO Capital points to its dividend yield (and a possible buyback) in upgrading shares to Outperform, from Market Perform.
    • Analyst Daniel Salmon has a price target of $7 on the stock; it closed yesterday at $4.95 and is currently trading at $5.16.
    • The stock's felt pressure this month due to a lack of strategic update since CEO Robert Philpott exited his post, Salmon says, but despite challenged fundamentals, "the risk/reward is incrementally positive."
    • "Most importantly –- and in part due to high inside ownership -– we believe the current dividend is safe, and it’s also currently yielding just short of 7%," he says. "Moreover, we believe there is increased likelihood of some nominal share buyback; our main question would be if management would consider incremental borrowing (either on bank facilities or issuance of new debt) or simply use excess FCF."
    • A management-led LBO isn't out of the question either, he says: Interim CEO and current CFO Doug Shepard has experience taking companies private.
    | Jul. 21, 2015, 10:42 AM
  • Jul. 9, 2015, 12:40 PM
    • Harte Hanks (HHS -1.7%) has appointed CFO Douglas Shepard as its interim CEO and president, replacing Robert Philpott, who's left the posts and the board to pursue other interests.
    • The board has put together a search committee to find a permanent CEO. Shepard will continue with his current duties while acting as CEO.
    • Shepard's been with the firm since joining as CFO in December 2007.
    • The company will take a pretax severance charge of $2M-$2.5M in connection with the transition.
    | Jul. 9, 2015, 12:40 PM
  • Jan. 31, 2013, 12:45 PM
    Midday top 10 gainers: ORCC +82%. WMS +52%. FTNT +24%. HHS +22%. EDMC +18%. BTUI +18%. JDSU +18%. PBI +17%. CSII +16%. SGI +16%.
    Midday top 10 Losers: CLSN -81%. LQDT -24%. STZ -20%. NVGN -18%. FIO -16%. HALO -16%. RDEN -14%. USAK -13%. HAR -13%. JBSS -12%.
    | Jan. 31, 2013, 12:45 PM
Company Description
Harte-Hanks, Inc. provides multichannel marketing organizations, delivering business results for some of brands through strategic agencies and core marketing services. The company operates through two segments: Customer Interaction and Trillium Software. The Customer Interaction services offer... More
Sector: Services
Industry: Marketing Services
Country: United States