Canaccord Genuity Cuts The Finish Line PT to $8 from $14; Maintains Hold Rating

Canaccord Genuity Cuts The Finish Line PT to $8 from $14; Maintains Hold Rating

Canaccord Genuity lowered its price target on The Finish Line (FINL) to $8 from $14, reiterating its hold rating after the company pre-announced weak FQ2 results and lowered guidance for the balance of the year. The company now expects FQ2 EPS to be $0.08-$0.12 (vs previous $0.36 estimate and consensus at $0.37) based on both a comp decline of 4.6% and gross margin pressure. The broker estimates an EPS of […]

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Griffin Industrial Realty Closes Land Purchase

Griffin Industrial Realty Closes Land Purchase

Griffin Industrial Realty said Friday it has closed on the purchase of a 14-acre parcel of undeveloped land in Upper Macungie Township, Lehigh County, Penn. for the planned development of a warehouse. Griffin paid approximately $1.8 million for the land at closing using cash held in escrow for a like-kind exchange. The funds in escrow were the proceeds from the sale of approximately 76 acres of undeveloped land in Southwick, […]

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Medpace Enters Into Stock Repurchase Deal

Medpace Enters Into Stock Repurchase Deal

Medpace Holdings, a clinical contract research organization, said late Wednesday that it has entered into a stock purchase agreement with investment funds affiliated with Cinven Capital Management General Partner Limited. Under the deal, the company has agreed to repurchase 2 million shares of the company’s common stock at a price of $30.27 per share for approximately $60.5 million. The company said it intends to fund the transaction with cash on […]

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Nordic American Tankers Signs Two Deals With Shell Oil

Nordic American Tankers Signs Two Deals With Shell Oil

Nordic American Tankers said Wednesday it signed two time-charter arrangements with Shell Oil for a period of 18 months for each vessel, commencing August/September this year. Shares climbed more than 2% intraday. The terms of the confidential contracts include upside for both parties as well as downside protection, the company claimed in a statement. Nordic now has three time-charter deals with Shell and six such pacts with large oil companies, […]

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Oshkosh Gets Order from U.S. Army

Oshkosh Gets Order from U.S. Army

Oshkosh shares were nearly 1% higher pre-market Tuesday after the maker of specialty vehicles said it received another order valued at $195 million from the U.S. Army for the Joint Light Tactical Vehicle (JLTV) program, including 748 vehicles and 2,359 installed and packaged kits. This is the fifth order the company received under the program, which is currently in low rate initial production. The program is anticipated to receive a […]

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