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Stock Market & Financial Investment News

News Breaks
July 3, 2014
08:24 EDTTCRD, MCC, FSC, SUNS, HRZN, AINV, TICC, MVC, FULLBusiness development company rally expected to continue, says Maxim
Maxim attributes the decline in business development company, or BDC, stocks in early May to S&P and Russell's decisions to drop BDCs from their indexes. With the index rebalancings complete and the temporary technical impediment now gone, Maxim expects the more recent rally in BDCs to continue given the group's strong fundamentals. Maxim has Buy ratings on Apollo Investment (AINV), Fifth Street Finance (FSC), Full Circle Capital (FULL), MVC Capital (MVC), Medley Capital (MCC), Horizon Technology (HRZN), Solar Senior Capital (SUNS), THL Credit (TCRD), and TICC Capital (TICC).
News For AINV;FSC;FULL;HRZN;MCC;MVC;SUNS;TCRD;TICC From The Last 14 Days
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May 19, 2015
09:58 EDTTCRDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
07:33 EDTAINVApollo Investment reports Q4 NII 22c, consensus 22c
Net asset value per share at the end of the quarter was $8.18, compared to $8.43 at December 31, 2014, a decline of 3%. CEO James Zelter said, “During our fiscal year, we continued to make progress on many of our objectives including repositioning the portfolio into more secured debt, while slightly improving the overall portfolio yield. Although we experienced net unrealized depreciation during the quarter, we believe the credit quality of our portfolio remains strong. In addition, we believe that we can continue to rotate out of lower yielding assets and into attractive higher yielding assets, as there continues to be a shortage of available homes for illiquid investments.”
07:04 EDTTCRDTHL Credit upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded THL Credit to Buy citing an attractive valuation and stable equity returns. The firm raised its price target for shares to $14.50 from $14.25.
May 18, 2015
16:13 EDTAINVLittlejohn to acquire PlayPower from Apollo Investment
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15:00 EDTAINVNotable companies reporting before tomorrow's open
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May 13, 2015
10:02 EDTHRZNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: A.O. Smith (AOS) initiated with a Hold at Gabelli... Bellicum Pharmaceuticals (BLCM) initiated with a Neutral at Guggenheim... Criteo (CRTO) initiated with a Hold at Evercore ISI... FleetCor (FLT) initiated with a Buy at Monness Crespi... Franco-Nevada (FNV) initiated with a Buy at Canaccord... Horizon Technology (HRZN) initiated with an Outperform at Oppenheimer... Merrimack (MACK) initiated with a Buy at Guggenheim... Mobileye (MBLY) initiated with a Sector Weight at Pacific Crest... Monroe Capital (MRCC) initiated with an Outperform at Oppenheimer... Royal Gold (RGLD) initiated with a Hold at Canaccord... Silver Wheaton (SLW) initiated with a Buy at Canaccord... U.S. Concrete (USCR) initiated with a Buy at Stifel... Ziopharm (ZIOP) initiated with a Neutral at Guggenheim.
06:28 EDTHRZNHorizon Technology initiated with an Outperform at Oppenheimer
Target $15.
May 11, 2015
16:58 EDTTCRDTHL Credit reports Q1 NII 35c, consensus 35c
Reports Q1 NAV per share $13.20.
16:52 EDTMCCMedley Capital reports Q1 EPS 30c, consensus 33c
Reports Q1 NAV $11.68.
16:08 EDTFULLFull Circle Capital reports Q3 NII 17c, consensus 15c
The company's net asset value at March 31 was $4.43 per share.
15:00 EDTTCRD, MCCNotable companies reporting after market close
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08:21 EDTTICCTICC Capital reports Q2 core NII 38c, consensus 27c
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06:20 EDTFSCFifth Street Finance reports Q1 net investment income 19c, consensus 21c
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