Harvest’s portfolio consisted of 21 different companies, up from 15 in the prior quarter. Second lien senior secured made up 53% of the portfolio and 44% was first lien senior secured. Equity and royalty securities accounted for the remaining 3%. The first lien senior secured mix is up from 39% in the prior quarter, mostly…
Halozyme Therapeutics Positive Trial Results With Hylenex
Halozyme Therapeutics Positive Trial Results With Hylenex
AT&T Inc. Increased Penetration of Next Pricing
Based on exit take rates for 2013, analysts have revised assumptions around the success of the company’s Next pricing plan. Approximately 15%, or 1.2 million, of the 7.9 million smartphones purchased on the AT&T network were associated with the Next plan in the fourth quarter, with that percentage escalating to around 20% at the end of…
McGraw Hill Investor Day Reinforces Positive Long-Term Outlook
McGraw Hill Financial hosted its inaugural investor day in New York on Tuesday, March 18. The headlines were that the company: 1) reaffirmed its 2014 guidance (not really a surprise given that it just issued guidance last month); 2) announced that it is evaluating strategic alternatives for McGraw Hill Construction; 3) announced a three-year target…
IHS Inc. Investor Day Reinforces Steady Progress
IHS held its annual investor day in New York City on Tuesday . In large part, the trends and data points management communicated during the event reiterated points from the last two quarterly conference calls and the messages from our visit to headquarters last week, and was consistent with the overarching theme from last year’s…
Vocus Hits 18-Month High – Sold to GTCR for $18 Per Share, a 48% Premium
Vocus is trading with the share value of $18.
Micron Technology Reports Contracting Profits
Micron Technology (MU) shares were done by 6% on Friday. This company reported second quarter earnings which was hisgher than market’s estimate.
L & L Energy Requests to be Delisted from NASDAQ
L & L Energy (LLEN) which has energy (coal) operations in China, has notified its intention to voluntarily delist from the NASDAQ. The company’s management has voted to submit a notification to NASDAQ about their decision to voluntarily delist its common stock from the NASDAQ.
GenCorp’s Aerojet Rocketdyne has been awarded a new contract
Aerojet Rocketdyne has been awarded a new contract. There will be two phases of the contract. Recently, GY’s shares were trading at $17.33.
MSC Industrial \EPS Beat Expectations by $0.02, March Accelerates as Expected
Overall, this was a fairly strong report from MSC with a nice rebound in March, as we expected. The strong growth in March appears to be driven by manufacturing, government, and national accounts. Management’s tone remains upbeat and our sense is that growth could continue to accelerate in the back half. Easy comparisons are a…