Bankroll – 6 Toros 6 http://6toros6.com/ Wed, 23 Nov 2022 14:21:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://6toros6.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Bankroll – 6 Toros 6 http://6toros6.com/ 32 32 LCNB Corp. (NASDAQ:LCNB) raises dividend to $0.21 per share https://6toros6.com/lcnb-corp-nasdaqlcnb-raises-dividend-to-0-21-per-share/ Wed, 23 Nov 2022 14:21:51 +0000 https://6toros6.com/lcnb-corp-nasdaqlcnb-raises-dividend-to-0-21-per-share/

LCNB Corp. (NASDAQ: LCNBGet a rating) declared a quarterly dividend on Monday, November 21, Zacks reports. Shareholders of record on Thursday, December 1 will receive a dividend of 0.21 per share from the bank on Thursday, December 15. This represents a dividend of $0.84 on an annualized basis and a yield of 4.69%. The ex-date of this dividend is Wednesday, November 30. This is a boost from LCNB’s previous quarterly dividend of $0.20.

LCNB has increased its dividend payout by an average of 5.8% per year over the past three years and has increased its dividend annually for the past 4 consecutive years. LCNB has a dividend payout ratio of 44.0%, indicating that its dividend is sufficiently covered by earnings.

LCNB stock up 1.8%

LCNB opened at $17.92 on Wednesday. LCNB has a fifty-two week low of $14.73 and a fifty-two week high of $20.69. The company has a market capitalization of $201.96 million, a P/E ratio of 9.90 and a beta of 0.71. The company’s 50-day moving average is $16.69 and its 200-day moving average is $15.97. The company has a debt ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84.

Analysts set new price targets

Separately, StockNews.com upgraded LCNB from a “buy” rating to a “strong buy” rating in a Sunday, November 13 research note.

Institutional investors weigh on LCNB

Several large investors have recently changed their positions in the company. Vanguard Group Inc. increased its stake in LCNB by 2.0% during the first quarter. Vanguard Group Inc. now owns 549,216 shares of the bank worth $9,644,000 after buying an additional 10,925 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings of LCNB shares by 4.7% in Q1. Dimensional Fund Advisors LP now owns 402,739 shares of the bank worth $7,072,000 after purchasing an additional 18,243 shares during the period. Renaissance Technologies LLC increased its stake in LCNB by 6.7% in the first quarter. Renaissance Technologies LLC now owns 169,116 shares of the bank valued at $2,970,000 after purchasing an additional 10,600 shares in the last quarter. Millennium Management LLC increased its position in LCNB by 9.6% in the second quarter. Millennium Management LLC now owns 167,675 shares of the bank worth $2,507,000 after purchasing an additional 14,643 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in LCNB shares by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 67,698 shares of the bank valued at $1,189,000 after purchasing 1,318 additional shares during the period. 37.39% of the shares are held by hedge funds and other institutional investors.

About LCNB

(Get a rating)

LCNB Corp. is the financial holding company of LCNB National Bank which provides banking services in Ohio. Its deposit products include checking accounts, demand deposits, savings accounts, NOW and money market deposits, and certificates of deposit. The Company’s lending products include commercial and industrial real estate, commercial and residential, agricultural, construction and small business administration loans; and residential mortgage loans which consist of loans for the purchase or refinancing of personal residences, home equity lines of credit and loans for commercial or consumer purposes secured by residential mortgages.

See also

Dividend History for LCNB (NASDAQ:LCNB)

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Ten female tech founders in East Africa deserve to be celebrated https://6toros6.com/ten-female-tech-founders-in-east-africa-deserve-to-be-celebrated/ Thu, 17 Nov 2022 06:45:06 +0000 https://6toros6.com/ten-female-tech-founders-in-east-africa-deserve-to-be-celebrated/

More women, especially in East Africa, are making a significant impact in Africa, despite limited access to global opportunities. The continent has the highest percentage of female entrepreneurs in the world. This number was assigned to their resilience and courage in the face of defeat.

While African women have contributed to economic growth, their impacts are underestimated. Indeed, African society attaches great importance to the male child, a practice that mitigates the impacts of the female gender.

Last month, we introduced or reintroduced you tech founders who offer solutions in North Africa. This week, we bring you a follow-up article on ten selected tech founders in East Africa. Some of these women are innovative sectors and have solutions beyond their country of origin. This list is not exhaustive.

#1. Jihan Abass – (Kenya, Lami)

Jihan Abass is the founder and CEO of Lami Insurance Technology (Lami), an insurance gateway as a service. Lami is an end-to-end digital insurance platform and API that enables businesses across all industries to offer insurance products.

The startup is on a mission to provide a solution for the entire insurance ecosystem by helping businesses sell the coverage customers need. It uses technology to enable users to create and distribute digital insurance products in record time. Founded in 2018, Lami has raised $5.6 million over a total of four funding rounds.

Jihan Abass, Founder and CEO, Lami.

#2. Shamim Nabuuma Kaliisa (Uganda, Chill AI Lab)

Shamim Nabuuma Kaliisa is the founder of Chil Artificial Intelligence Lab (Chill AI Lab), a Femtech startup that harnesses AI to improve access to reproductive health cancer diagnosis.

Through Keti, her mobile app, women could consult with oncology experts and have samples taken and sent to labs. Subsequently, they obtain a diagnosis and a medical opinion.

Kaliisa is one of Africa’s young global leaders, serving as a director on several boards. His startup has raised about $4 million in five funding rounds and earns hundreds of thousands of dollars a year.

CHIL AI Lab became CHIL AI Group, developing products in other sub-sectors, including agritech, fintech and drone technology, aimed specifically at women.

Shamim Nabuuma Kaliisa, Founder of CHIL AI Lab.
Shamim Nabuuma Kaliisa, Founder of CHIL AI Lab.

#3. Cynthia Wandia (Kenya, Kwara)

Cynthia Wandia is the co-founder and CEO of Kwara, a neo-banking startup for credit unions in Kenya. The Nairobi and Berlin-based startup is transforming credit unions in Kenya (savings and credit cooperative societies, SACCOs) into modern digital banks. The fintech was launched in 2019 to help SACCOs transition to digital platforms, providing them with its proprietary backend-as-a-service (BaaS) software.

In December 2021, Kwara raised $4 million in a seed round to create a neo-banking app allowing individuals to sign up with their favorite credit unions to access various financial services. The neobank provides access to instant loans and third-party services such as insurance for union members.

Wandia co-founded the company with David Hwan, its COO.

Cynthia Wandia, Co-Founder and CEO, Kwara.
Cynthia Wandia, Co-Founder and CEO, Kwara.

#4. Thérèse Izay Kirongozi (DRC, Traffic Robot)

Thérèse Izay Kirongozi is a Congolese engineer. She is notable for designing traffic robots that help control traffic while enforcing traffic laws and reducing road deaths.

Founded in 2013, the ease with which people could speed up, run red lights, and flee (or bribe their way) out of the consequences inspired the innovator. She wanted something more reliable and incorruptible.

According to Kirongozi, Traffic Robot helps hold people accountable to the rule of law and could help the state recoup revenue, potentially funding new infrastructure developments.

Thérèse Izay Kirongozi, founder of Traffic Robot.
Thérèse Izay Kirongozi, founder of Traffic Robot.

#5. Radhika Bhachu (Kenya, Ndovu)

Radhika Bhachu is the co-founder and CEO of Ndovu, a Fintech that gives people easy access to global stock markets. Ndovu simplifies investment solutions and provides easy access to global stock markets for Africans from their smartphones.

It also educates and guides its users through the investment journey to enable them to achieve their financial goals. Its Robo-Advisor helps provide retail investors with digital advice and access to global and local markets.

Bhachu is an experienced investment and relationship expert with UK-based asset management firms including Deloitte Consulting and BlackRock.

Radhika Bhachu, co-founder and CEO of Ndovu.
Radhika Bhachu, co-founder and CEO of Ndovu.

#6. Evelyn Ngatia (Kenya, TechWatt)

Evelyn Ngatia is the Founder and CEO of TechaWatt Ltd, the parent body of the 4th Industrial Revolution (4IR) Academy, an EdTechca platform. The startup offers corporate training, thought leadership, strategy consulting, and speaking engagements.

Some of the 4IR strategic skills it offers include the 4IR Foundation course, the 4IR in Sectors course, and the 4IR and Sustainability course.

Ngatia is a member of several notable boards and is currently Chair of the Board of the Women in Tech Alliance, European Chamber of Technology.

Evelyne Ngatia, founder of TechWatt.
Evelyne Ngatia, founder of TechWatt.

#seven. Neema Iyer – (Uganda, Pollicy)

Neema Iyer is a technopreneur and fine artist who is the founder and director of Pollicy, a feminist collective of technologists, data scientists and creatives. Through Pollicy, Iyer is influencing Uganda’s digital development sector through an innovative lens at the intersection of data, technology and design to improve government service delivery.

Pollicy is based on three main pillars; data training, data research and building technology products. The startup has worked on over 100 projects, conducted over 200 data events, and trained nearly 5,000 people.

In July last year, Iyer was named to Facebook’s Global Women’s Safety Advisory Board. This year, Iyer and Pollicy announced a digital ambassador program to promote skills development and access to online technology for young African women.

Neema Iyer, founder of Pollicy.
Neema Iyer, founder of Pollicy.

#8. Linda Bonyo (Kenya, Lawyers Hub)

Linda Bonyo is the Founder and CEO of Lawyers Hub, a Law-Tech startup working on digital policy and judicial innovation in Africa.

Through the Lawyers Hub, Bonyo runs the Africa Digital Policy Institute, the Africa Law Tech Association and the Africa Startup Law Accelerator. The startup focuses on data governance, artificial intelligence, intellectual property, digital identity, internet governance, digital economy, technology and democracy.

Boyo is the organizer of the annual Africa Law Tech Festival and Africa Legal Innovation Week on Justice Innovation.

Linda Bonyo, founder of Lawyers Hub.
Linda Bonyo, founder of Lawyers Hub.

#9. Wambui Karingithi (Kenya, Chiza Health)

Wambui Karingithi is the Founder and CEO of Chiza Health, a health technology startup that seeks to solve the complex puzzles of healthcare for physicians, institutions and patients. The startup offers a connected healthcare ecosystem that drives efficiency and positive outcomes to increase satisfaction for institutions, healthcare providers and patients.

Chiza Health offers three main solutions, including Chiza MedicHub, which provides efficient management and movement of medical personnel, Chiza Care, which offers organized and goal-oriented home care, and MyChiza, which is a virtual health assistant focused on preventive care.

Wambui Karingithi, founder of Chiza Health.
Wambui Karingithi, founder of Chiza Health.

#ten. Cleopatra Kanyunyuzi (Uganda, Club Tangaza)

Cleopatra Kanyunyuzi is the co-founder and CEO of Club Tangaza, an EdTech startup that teaches kids (ages 4-18) and beginners how to code in an enjoyable way. The digital platform allows learners to virtually interact with top instructors to learn how to code and build games, apps, and websites, through given programs and digital tools.

Kanyunyuzi holds a master’s degree in Data Communication and Software Engineering from Makerere University. She is a firm believer that coding for kids is one of the many paths to the middle class economy.

Cléopâtre Kanyunyuzi, co-founder and CEO of Club Tangaza.
Cléopâtre Kanyunyuzi, co-founder and CEO of Club Tangaza.

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Oppenheimer analysts raise earnings estimates for Portman Ridge Finance Co. (NASDAQ:PTMN) https://6toros6.com/oppenheimer-analysts-raise-earnings-estimates-for-portman-ridge-finance-co-nasdaqptmn/ Mon, 14 Nov 2022 06:56:43 +0000 https://6toros6.com/oppenheimer-analysts-raise-earnings-estimates-for-portman-ridge-finance-co-nasdaqptmn/

Portman Ridge Finance Co. (NASDAQ: PTMNGet a rating) – Oppenheimer equity research analysts raised their FY2022 EPS estimates for Portman Ridge Finance in a report released Thursday, Nov. 10. Oppenheimer analyst Penn now expects the company to earn $3.03 per share for the year, up from his previous forecast of $2.70. The consensus estimate for Portman Ridge Finance’s current annual earnings is $2.91 per share.

Separately, TheStreet downgraded shares of Portman Ridge Finance from a “b-” rating to a “c” rating in a Monday, August 22 research report.

Portman Ridge Finance Stock Performance

Shares of RTMN opened at $22.08 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt ratio of 1.37. The company has a market capitalization of $212.17 million, a PE ratio of -19.89 and a beta of 0.89. The company’s 50-day simple moving average is $20.98 and its 200-day simple moving average is $22.37. Portman Ridge Finance has a 12-month low of $19.26 and a 12-month high of $25.55.

Portman Ridge Finance increases its dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 13. Investors of record on Thursday, November 24 will receive a dividend of $0.67. This represents a dividend of $2.68 on an annualized basis and a yield of 12.14%. This is a positive change from Portman Ridge Finance’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, November 22. Portman Ridge Finance’s dividend payout ratio (DPR) is -227.02%.

Hedge funds weigh on Portman Ridge Finance

Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its stake in shares of Portman Ridge Finance by 6.0% during the second quarter. Legal & General Group Plc now owns 55,834 shares in the company worth $1,308,000 after acquiring an additional 3,153 shares during the period. Confluence Investment Management LLC increased its stake in shares of Portman Ridge Finance by 19.1% during the 2nd quarter. Confluence Investment Management LLC now owns 62,459 shares of the company worth $1,463,000 after buying 10,011 additional shares last quarter. Advisors Asset Management Inc. increased its equity stake in Portman Ridge Finance by 30.6% in Q1. Advisors Asset Management Inc. now owns 83,805 shares of the company valued at $2,026,000 after purchasing an additional 19,651 shares during the period. Bulldog Investors LLP increased its stake in shares of Portman Ridge Finance by 11.9% in the second quarter. Bulldog Investors LLP now owns 126,665 shares of the company valued at $2,968,000 after purchasing an additional 13,451 shares in the last quarter. Finally, Clayton Partners LLC increased its stake in Portman Ridge Finance by 2.5% during the third quarter. Clayton Partners LLC now owns 276,258 shares of the company worth $5,801,000 after acquiring an additional 6,868 shares during the period. 27.89% of the shares are held by institutional investors and hedge funds.

About Portman Ridge Finance

(Get a rating)

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including late loans), senior loans, junior loans, subordinated debt, equity co-investment, buyout in middle market companies. It also carries out acquisitions in companies complementary to the company’s activity.

Featured Articles

Earnings history and estimates for Portman Ridge Finance (NASDAQ:PTMN)

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Banco Santander (Brasil) SA (NYSE:BSBR) Receives Consensus Rating of “Hold” by Brokerages https://6toros6.com/banco-santander-brasil-sa-nysebsbr-receives-consensus-rating-of-hold-by-brokerages/ Fri, 11 Nov 2022 07:21:20 +0000 https://6toros6.com/banco-santander-brasil-sa-nysebsbr-receives-consensus-rating-of-hold-by-brokerages/

Banco Santander (Brazil) SA (NYSE: BSBRGet a rating) received an average rating of “Hold” from the six analysts who currently cover the company, market beat reports. Two research analysts rated the stock with a Sell recommendation and three gave the company a Hold recommendation. The 12-month average price target among analysts who have reported on the stock over the past year is $5.50.

A number of stock analysts have recently released reports on the stock. Goldman Sachs Group downgraded shares of Banco Santander (Brazil) from a “neutral” rating to a “sell” rating and lowered its target price for the stock from $6.70 to $5.00 in a report research on Friday, October 28. Barclays lowered its price target on shares of Banco Santander (Brazil) from $7.00 to $6.00 and set an “equal weight” rating on the stock in a Wednesday July 27 research report. TheStreet upgraded the shares of Banco Santander (Brazil) from a “c” rating to a “b-” rating in a research report on Wednesday, November 2. Bank of America downgraded shares of Banco Santander (Brazil) from a “neutral” rating to an “underperforming” rating in a Tuesday, Nov. 1 research report. To finish, StockNews.com launched a hedge on the shares of Banco Santander (Brazil) in a research report on Wednesday, October 12. They issued a “hold” rating on the stock.

Hedge funds weigh on Banco Santander (Brazil)

A number of institutional investors have recently changed their positions in the company. Atlas Capital Advisors LLC acquired a new stake in Banco Santander (Brasil) in the second quarter at a value of $26,000. Balentine LLC bought a new position in shares of Banco Santander (Brasil) in the third quarter worth $63,000. West Family Investments Inc. bought a new position in shares of Banco Santander (Brazil) in the third quarter at a value of $67,000. Creative Planning bought a new position in shares of Banco Santander (Brazil) in the third quarter at a value of $69,000. Finally, Greenleaf Trust increased its stake in the shares of Banco Santander (Brazil) by 22.9% in the third quarter. Greenleaf Trust now owns 12,375 shares of the bank worth $70,000 after buying 2,308 more shares in the last quarter. 14.52% of the shares are held by institutional investors and hedge funds.

Banco Santander (Brazil) Share down 7.7%

Shares of NYSE: BSBR opened at $5.16 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt ratio of 0.18. Banco Santander has a fifty-two week low of $4.86 and a fifty-two week high of $7.97. The company’s 50-day moving average price is $5.80 and its 200-day moving average price is $5.91. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 12.90, a growth price-to-earnings ratio of 1.49 and a beta of 0.90.

Banco Santander (Brazil) increases its dividend

The company also recently announced a dividend, which will be paid on Wednesday, November 30. Shareholders of record on Tuesday, October 25 will receive a dividend of $0.0447. This represents a dividend yield of 8.1%. This is a positive change from the previous Banco Santander (Brasil) dividend of $0.04. The ex-dividend date is Monday, October 24. The dividend distribution rate of Banco Santander (Brasil) is currently 50.00%.

About Banco Santander (Brazil)

(Get a rating)

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises and corporations in Brazil and abroad. The Company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers deposits and other bank financing instruments; debit and credit cards; prepaid digital solutions; payment platform; Loyalty programs; employee benefit vouchers; payday loans; digital lending and online debt renegotiation services; mortgages; home equity financing products; Consumer credit ; and local loans, trade and commercial finance, guarantees, structured loans, cash management and financing solutions, and loan transfer services.

Recommended Stories

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While Banco Santander (Brazil) currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

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Owl Rock Capital Co. (NYSE:ORCC) plans dividend increase – $0.33 per share https://6toros6.com/owl-rock-capital-co-nyseorcc-plans-dividend-increase-0-33-per-share/ Fri, 04 Nov 2022 21:00:00 +0000 https://6toros6.com/owl-rock-capital-co-nyseorcc-plans-dividend-increase-0-33-per-share/

Owl Rock Capital Co. (NYSE: ORCCGet a rating) declared a quarterly dividend on Friday, November 4 the wall street journal reports. Investors of record on Friday, December 30 will receive a dividend of 0.33 per share from the technology company on Friday, January 13. This represents a dividend of $1.32 on an annualized basis and a dividend yield of 10.31%. The ex-dividend date is Thursday, December 29. This is a positive change from Owl Rock Capital’s previous quarterly dividend of $0.31.

Owl Rock Capital has a dividend payout ratio of 84.4%, indicating that its dividend is currently being covered by earnings, but may not be in the future if company earnings fall. Equity research analysts expect Owl Rock Capital to earn $1.48 per share next year, meaning the company should continue to be able to cover its $1.24 annual dividend. $ with an expected future payout ratio of 83.8%.

Owl Rock capital stock up 1.4%

Shares of ORCC traded at $0.18 during Friday trading hours, reaching $12.80. The stock had a trading volume of 127,614 shares, compared to an average volume of 2,360,978. Owl Rock Capital has a 12-month low of $10.18 and a 12-month high of $15.33. The company has a 50-day simple moving average of $11.75 and a 200-day simple moving average of $12.73. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt ratio of 1.24. The company has a market capitalization of $5.04 billion, a price-earnings ratio of 11.26 and a beta of 0.91.

Owl Capital (NYSE: ORCCGet a rating) last released its quarterly results on Wednesday, August 3. The technology company reported EPS of $0.32 for the quarter, beating consensus analyst estimates of $0.31 by $0.01. The company posted revenue of $273.29 million in the quarter, versus analyst estimates of $265.59 million. Owl Rock Capital had a return on equity of 8.82% and a net margin of 29.95%. Equity research analysts expect Owl Rock Capital to post 1.33 earnings per share for the current fiscal year.

Insider activity

Separately, Vice President Alexis Maged purchased 29,595 shares of the company in a transaction that took place on Friday, September 9. The shares were purchased at an average cost of $13.01 per share, for a total transaction of $385,030.95. Following the completion of the transaction, the vice president now directly owns 48,435 shares of the company, valued at approximately $630,139.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. Insiders hold 0.11% of the company’s shares.

Institutional investors weigh in on Owl Rock Capital

Hedge funds have recently increased or reduced their holdings in the stock. Captrust Financial Advisors bought a new position in shares of Owl Rock Capital during the second quarter at a value of $401,000. Legal & General Group Plc bought a new equity position in Owl Rock Capital during the second quarter worth $2,613,000. Walleye Capital LLC purchased a new stake in Owl Rock Capital during the second quarter at a value of $176,000. Goldman Sachs Group Inc. increased its position in Owl Rock Capital by 302.4% during the second quarter. Goldman Sachs Group Inc. now owns 289,386 shares of the technology company valued at $3,568,000 after acquiring 217,473 additional shares in the last quarter. Finally, First Republic Investment Management Inc. increased its position in Owl Rock Capital by 2.3% during the second quarter. First Republic Investment Management Inc. now owns 1,892,068 shares of the technology company valued at $23,329,000 after acquiring 43,185 additional shares in the last quarter. 43.85% of the shares are held by institutional investors.

Analyst upgrades and downgrades

The ORCC has been the subject of several reports by research analysts. Hovde Group lowered its target price on Owl Rock Capital to $12.50 in a Wednesday, October 5 research report. Wells Fargo & Company raised its price target on Owl Rock Capital from $10.00 to $11.50 and gave the company an “underweight” rating in a research report on Friday. Royal Bank of Canada lowered its price target on Owl Rock Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a Tuesday, August 9 report. Compass Point cut its price target on Owl Rock Capital to $15.50 in a Tuesday, August 9 report. Finally, JMP Securities lowered its price target on Owl Rock Capital from $16.00 to $15.00 and set a “market outperformance” rating for the company in a Monday, August 8 report. One financial analyst gave the stock a sell rating and four gave the stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.25.

About Owl Rock Capital

(Get a rating)

Owl Rock Capital Corporation is a business development company. The fund invests in senior secured or unsecured loans, subordinated loans or mezzanine loans and also considers equity-linked securities including warrants and preferred shares, also pursues investments in preferred shares and investments in common stock.

Featured Articles

Dividend history for Owl Rock Capital (NYSE:ORCC)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Owl Rock Capital, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five actions that top analysts are quietly whispering to their clients to buy now before the market spreads…and Owl Rock Capital was not on the list.

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]]>
NiftyApes Raises $4.2M in Round Backed by Coinbase Ventures, Polygon, and OpenSea CTO Nadav Hollander – NFTgators https://6toros6.com/niftyapes-raises-4-2m-in-round-backed-by-coinbase-ventures-polygon-and-opensea-cto-nadav-hollander-nftgators/ Tue, 01 Nov 2022 18:34:56 +0000 https://6toros6.com/niftyapes-raises-4-2m-in-round-backed-by-coinbase-ventures-polygon-and-opensea-cto-nadav-hollander-nftgators/

Quick take:

  • The round was led by Variant and Fintech Collective.
  • NiftyApes aims to generate value for the borrower by putting lenders in competition to offer the best terms throughout the loan period.
  • Borrowers lock their NFT in NiftyApes to accept any loan offer they choose.

NiftyApes, a lending protocol that enables lending on any NFT or collection, today announced that it has raised $4.2 million in a funding round led by Variant and Fintech Collective.

Other investors include Robot Ventures, Polygon, Coinbase Ventures, The LAO, FlamingoDAO, Ryan Sean Adams, David Hoffman, Eric Conner, Anthony Sassano, Cyrus Younessi, DC Investor, James Young, James Duncan, Nadav Hollander, Brendan Forster and the Founders . of SuperRare and Rare.

The funds will be used to grow its seven-person team and continue to expand as the company actively hires.

NiftyApes offers an active loan auction for every theoretical asset or collection that exists. While traditional debt markets prioritize returns for capital holders while foregoing lender returns and borrower exposure to better terms, NiftyApe instead applies this method to lenders rather than debtors. borrowers by facilitating an ongoing auction for the right to interest earned on each loan.

When a loan offer is executed, the lenders do not own the loan but hold the rights to the interest payments and the security in case of default. They have interest and default rights as long as they offer the best conditions for the Borrower.

Ongoing auctions generate value for the borrower by ensuring that lenders compete to offer the best terms to the borrower over the life of the loan. Borrowers can refinance any loan offer they choose, as many times as they want.

For example, if the lender sets the terms of the loan below market, other lenders will refinance the loan at better terms. Set terms too high above the market and the lender could lose money by overvaluing the asset. As the value of the loan-to-value ratio (LTV) increases, lenders compete to offer better terms in order to be entitled to interest payments and exposure to the underlying collateral.

Lenders deposit capital to earn a return and make offers on any existing NFT asset or collection, and successful offers receive interest and default fees for the assets while borrowers lock their NFTs into NiftyApes for instant liquidity.

Another NFT-backed lending platform, MetaStreet, recently bred 10 million dollars to finance the development of its products. DeFi lending platform and peer-to-peer marketplace, Arcade, went live in April, allowing users to take out loans using NFTs as collateral.

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Short-term stake in Fidus Investment Co. (NASDAQ:FDUS) increases by 11.5% https://6toros6.com/short-term-stake-in-fidus-investment-co-nasdaqfdus-increases-by-11-5/ Sun, 30 Oct 2022 10:55:34 +0000 https://6toros6.com/short-term-stake-in-fidus-investment-co-nasdaqfdus-increases-by-11-5/

Fidus Investment Co. (NASDAQ: FDUSGet a rating) saw significant growth in short-term interest in October. As of October 15, there was short interest totaling 152,800 shares, a growth of 11.5% from the total of 137,100 shares as of September 30. Based on an average daily trading volume of 74,700 shares, the day-to-cover ratio is currently 2.0 days. Currently, 0.6% of the stock’s shares are sold short.

A Wall Street analyst gives his opinion

Several research analysts have weighed in on the stock. B. Riley kicked off Fidus Investment stock coverage in a research report on Friday, October 14. They set a “buy” rating and a target price of $18.00 on the stock. Keefe, Bruyette & Woods downgraded shares of Fidus Investment from an “outperforming” rating to a “market performance” rating and reduced their price target for the company from $22.00 to $19.50 in a report from Monday, July 11. To finish, StockNews.com launched a hedge on the shares of Fidus Investment in a report on Wednesday, October 12. They issued a “hold” rating on the stock. Three research analysts rated the stock with a hold rating and two gave the company’s stock a buy rating. Based on data from MarketBeat.com, Fidus Investment has a consensus rating of “Hold” and a consensus price target of $19.50.

Hedge funds weigh on Fidus’ investments

Major investors have recently been buying and selling stocks. CWM LLC bought a new position in Fidus Investment during the third quarter worth approximately $25,000. First Personal Financial Services acquired a new stake in the shares of Fidus Investment in the third quarter at a value of $26,000. Meeder Asset Management Inc. acquired a new stake in the shares of Fidus Investment in the first quarter at a value of $30,000. Chilton Capital Management LLC acquired a new stake in shares of Fidus Investment in the second quarter at a value of $31,000. Finally, JPMorgan Chase & Co. acquired a new equity stake in Fidus Investment in the second quarter worth $50,000.

Fidus investment stock up 1.2%

NASDAQ: FDUS opened at $18.74 on Friday. The company has a market capitalization of $458.01 million, a P/E ratio of 4.65 and a beta of 1.53. Fidus Investment has a fifty-two week low of $16.40 and a fifty-two week high of $21.15. The company’s 50-day moving average is $18.48 and its two-hundred-day moving average is $18.88.

Fidus Investment (NASDAQ: FDUSGet a rating) last released its quarterly results on Thursday, August 4. The asset manager reported earnings per share of $0.43 for the quarter, beating analysts’ consensus estimate of $0.41 by $0.02. The company posted revenue of $21.15 million for the quarter, versus a consensus estimate of $21.34 million. Fidus Investment posted a net margin of 117.69% and a return on equity of 8.93%. Research analysts expect Fidus Investment to post 1.73 earnings per share for the current fiscal year.

Fidus Investment announces a dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 16. Shareholders of record on Friday, December 2 will receive a dividend of $0.36 per share. This represents a dividend of $1.44 on an annualized basis and a yield of 7.68%. The ex-date of this dividend is Thursday, December 1. The dividend distribution rate of Fidus Investment is currently 35.73%.

Profile of the investment company Fidus

(Get a rating)

Fidus Investment Corporation is a business development firm specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, investments in the lower middle market, debt investments, subordinated and second lien loans, senior secured loans and unitranche debt, preferred shares, warrants, subordinated debt, senior subordinated notes, junior secured loans and loans unitranche.

See also

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

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This special HDFC FD expires soon with interest rates up to 7.50% https://6toros6.com/this-special-hdfc-fd-expires-soon-with-interest-rates-up-to-7-50/ Thu, 27 Oct 2022 09:16:15 +0000 https://6toros6.com/this-special-hdfc-fd-expires-soon-with-interest-rates-up-to-7-50/

HDFC Ltd, one of India’s leading housing finance companies, has introduced a special fixed deposit called “Sapphire Deposits” which is effective from October 14, 2022. The company has launched a one-of-a-kind fixed deposit with a duration of 45 months to commemorate its 45th anniversary. Interest rates will be applied on deposits up to 2 Cr under this time-limited program, which is available to both individuals and trusts. The program is valid until October 31, 2022 and investors can generate returns of up to 7.50%, which would be an anti-inflationary return for them.

HDFC sapphire deposit

In addition to monthly income plans, HDFC’s Sapphire Deposits also offer quarterly, semi-annual, annual and cumulative options. The interest rate for the monthly income plan is 7.25% and the minimum deposit allowed is 40,000. The interest rate for the quarterly option is 7.30% and the minimum deposit amount is 20,000. The interest rate for the semi-annual option is 7.35% and the minimum deposit amount is 20,000. The interest rate for the annual income plan is 7.50% and the minimum deposit amount is 20,000. Under the cumulative option, HDFC offers an interest rate of 7.50% and the minimum deposit amount required is 20,000.

On regular deposits, HDFC currently offers an interest rate ranging from 6.15% to 6.85% under the monthly income plan, from 6.20% to 6.90% under the option quarterly, 6.25% to 6.95% under the semi-annual option, 6.65% to 7.05% under the annual income plan and 6.35% to 7.05% under under the cumulative option for deposits maturing between 12 and 120 months. These interest rates are effective as of September 30, 2022.

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HDFC sapphire deposit (hdfc.com)

For 28 consecutive years, CRISIL and ICRA, two of the major credit rating agencies, have awarded HDFC’s deposit program AAA ratings. The 420 interconnected offices that HDFC has scattered across India serve its depositors, and 77 drop-off centers offer instant services. The company offers a variety of electronic payment options, including instant loans against deposits and the ability to pay interest. Being an industry leader for over 35 years, HDFC has earned the trust of over 6 lac depositors.

Resident Indian citizens have access to a variety of deposit options with maturities ranging from 12 to 120 months, attractive interest rates and multiple interest payment options at HDFC. All deposit options are offered with an additional 0.25% per annum to seniors aged 60 or over.

Catch all the trade news, market news, breaking news and latest updates on Live Mint. Download the Mint News app to get daily market updates.

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Adyen Powers the Future of Financial Services by Launching Integrated Financial Products https://6toros6.com/adyen-powers-the-future-of-financial-services-by-launching-integrated-financial-products/ Sun, 23 Oct 2022 16:00:00 +0000 https://6toros6.com/adyen-powers-the-future-of-financial-services-by-launching-integrated-financial-products/

Product suite enables potential revenue increase of up to 70% for platforms and marketplaces

AMSTERDAM, October 23, 2022 /PRNewswire/ — Adyen (AMS: ADYEN)the global fintech platform of choice for large corporations, has expanded its offering by releasing two new integrated financial products – Capital and Accounts – which are now available to platform and marketplace companies in the United States. United and Europe through Adyen’s unique integration. A study conducted in partnership with Boston Consulting Group reveals that 64% of small and medium-sized enterprises (SMEs) are interested in financial services integrated within a platform. To capitalize on this banking-as-a-service opportunity, Adyen has developed an innovative suite of financial products including cash advances, business bank accounts and card issuance. Combined with integrated payments, they are powering the future of financial services by enabling platforms to deliver superior financial experiences to their SME users.

“Platforms are at the center of a transforming financial services industry – and Adyen is poised to continue this revolution,” said Pieter van der Does, co-founder and CEO of Adyen. “Integrated finance is the logical next step from our integrated payments offering. By historically investing in our banking licenses and our cutting-edge technology, we have positioned ourselves as the only provider offering a complete suite of integrated financial products through a single integration. From this perspective, we are excited to seize the opportunity that banking as a service presents.”

Traditional financial services are suffocated by legacy systems, reactive approaches, slow approvals and a lack of vertical knowledge. These factors have long driven SMBs to underserve and lead 65% of platform users to want to switch financial service providers in favor of solutions that are better integrated into their business processes. With Adyen’s unique integration, platforms can meet this growing user demand by integrating financial services to consolidate the business and financial activities of SMEs under one roof.

Adyen’s suite of integrated financial products offers a modular solution that provides unparalleled control and customization options for platform activities. With 94% of SMBs interested in cash advance solutions saying they would benefit from having their loans pre-approved, Capital enables platforms to proactively offer business financing based on historical payment data. With 72% of SMBs appreciating an integrated bank account experience, the Adyen Accounts product allows users to manage their finances where they do business and gain instant access to funds. Going hand-in-hand with Capital and Accounts, Issuing rounds out the offering by allowing users to easily spend their funds on platform-branded payment cards. By adopting the suite, platforms can complement their offering and unleash the capabilities of an end-to-end financial ecosystem.

Learn more about Adyen’s new integrated financial products – Capital and Accounts

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for large enterprises. By providing end-to-end payment capabilities, data-driven insights, and financial products in a single, holistic solution, Adyen helps businesses realize their ambitions faster. With offices around the world, Adyen works with companies such as Facebook, Uber, H&M, eBay and Microsoft. Adyen is continuously improving and expanding its product offering as part of its regular business. New products and features are announced via press releases and product updates on the company’s website.

Adyen’s investment in its integrated finance suite and the percentages mentioned in this press release are supported by industry research conducted in partnership with Boston Consulting Group. Learn more about their findings here.

Logo- https://mma.prnewswire.com/media/1490851/Logo__Adyen_green_RGB_Logo.jpg

SOURCEAdyen Inc.

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How to Avoid Student Debt Relief Scammers https://6toros6.com/how-to-avoid-student-debt-relief-scammers/ Thu, 20 Oct 2022 16:06:35 +0000 https://6toros6.com/how-to-avoid-student-debt-relief-scammers/

Good news: The applying for student loan debt relief is finally here.

Federal borrowers earning less than $125,000 are eligible for debt forgiveness of up to $10,000. Pell Grant recipients can also get an additional $10,000 rebate.

Now for the bad news: Within days of the application process launching on October 14, scammers were already attempt to take advantage of people seeking student debt relief. In fact, some social media users have started sharing their own experiences with these scammers.

Based on the online conversation surrounding these scammers, it appears that the most prevalent student loan assistance scam right now is that of cold callers. Borrowers receive unsolicited phone calls offering fast debt relief…for a fee, of course.

In fact, cold calling is so prevalent that President Biden, even specifically drew attention to these scams in its Monday announcement about opening the application for student loan debt relief.

Don’t forget that you have to fill out the form yourself. If someone comes to you to “inform” you about the program, it’s a scam.

Here are some things borrowers should do to stay safe and avoid these scams.

It’s quick and easy to apply

Borrowers who wish to apply do not need to dig up and submit years-old student loan documents.

The app asks for a few simple things that almost everyone knows by heart: your full name, date of birth, phone number, social security number, email address, and confirmation that you’re earning under 125. $000 to qualify for assistance. That’s it. If borrowers are asked to provide other details, such as a Federal Student Aid (FSA) ID, bank or credit card information, they are on the wrong website and dealing with a scammer .

The official relief form literally takes minutes to complete. In addition, the Federal Trade Commission (FTC) has listing three official help-related email addresses that you might see appear in your inbox in the agency’s warning notice to borrowers:

If you receive an email from an address other than these, it is not legitimate. Also, be sure to double-check the spelling, as scammers like to take advantage of similar-looking URLs and email addresses in their schemes.

Ask for zip relief fee, zero, zilch, nada

Scammers are obviously after money, so their student loan relief programs usually involve recurring payments of some form to claim forgiveness. Don’t be fooled.

The student loan relief program is absolutely free to apply and the form is also very easy to fill out. Anyone offering a loan assistance service is simply scamming them.

“If you get a call claiming they are from the government trying to help [you] with your loans, let’s be clear: hang up,” President Biden told borrowers on Monday. “You never have to pay federal aid for the student loan program.”

No, there is no way to speed up the process

More than eight million people have already applied for student loan relief since the application went live last Friday. That’s a lot of applicants and probably means a long wait.

And that was just during the “beta” phase of the rescue process.

Some scammers weaponize this wait time by dangling the lure of instant gratification, telling borrowers they can speed up the application process. The FTC even specifically mentioned these scammers in its warning to borrowers seeking student debt relief.

Let’s be clear: there is no fast-track procedure. These scammers simply seek to extract money from people for a non-existent service that they cannot provide.

“As people file their applications, the Department of Education will review them as they go,” the FTC said in a statement. statement on student relief scams. “Take a little patience and go through the process.”

If officials are already aware of these new scams just days after the app went live, then you know the problem must be serious.

Yes, $10,000 to $20,000 in debt relief is a lot. But you will need to be patient with the application process. This means that you are going to have to wait a bit. But at least you won’t spend years repaying those loans.

If you are looking for student loan forgiveness, just go to StudentAid.gov and apply by December 31, 2023. The application is quick and easy to complete. And remember: you don’t have to pay anything.

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