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Stock Market & Financial Investment News

News Breaks
July 31, 2014
07:18 EDTNEWM, FIGFortress reports Q2 distributable earnings 39c, consensus 31c
Reports Q2 revenue $427.3M, consensus $221.59M. The increase in GAAP revenues compared to prior year was primarily attributable to $158M of revenues from the Media Business as a result of the consolidation of New Media beginning in February, as well as a $30M increase in incentive income from affiliates primarily attributable to realization activity in our Private Equity funds and higher crystallized incentive income from our Permanent Capital Vehicles. Fortress also consolidates New Media Investment Group (NEWM) financial position and results of operations. Reports Management Fee Paying Assets Under Management of $63.8B as of June 30, an increase of 2% from the previous quarter and an increase of 17% from June 30, 2013. Total uncalled capital, or “dry powder,” of $7.4B as of June 30, including approximately $5.7B available for general investment purposes.
News For FIG;NEWM From The Last 14 Days
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March 3, 2015
07:31 EDTFIGFortress Co-Chairman Wes Edens comments on Springleaf acquisition of OneMain
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February 27, 2015
09:27 EDTFIGInventergy secures up to $3M in license payment advances from Fortress
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February 26, 2015
07:16 EDTNEWMNew Media reports Q4 EPS 31c, consensus 31c
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07:15 EDTNEWMNew Media raises quarterly dividend 11.1% to 30c per share
The company says "Given the accretive acquisitions we have been able to execute on, the Board of Directors has voted to increase the Q4 dividend to 30c per common share, an 11.1% increase vs. the previous dividend payment. With total gross debt at approximately $350M, we remain focused on operating the company with a modest leverage profile at approximately 2.2x gross debt." The dividend is payable on March 19, 2015 to shareholders of record as of the close of business on March 11, 2015.
07:10 EDTFIGFortress announces Q4 dividend of 38c per share
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07:07 EDTFIGFortress reports Q4 pre-tax distributable EPS 28c
07:04 EDTFIGFortress reports Q4 EPS 24c, consensus 17c
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February 23, 2015
10:08 EDTFIGHigh option volume stocks
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February 19, 2015
17:03 EDTNEWMNew Media to acquire Stephens Media for $102.5M
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