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Sprott Physical Platinum and Palladium Trust Updates Its “At-the-Market” Equity Program
Globenewswire· 2025-06-13 01:27
Core Viewpoint - Sprott Asset Management has announced an update to its at-the-market equity program, allowing the issuance of up to U.S.$100 million in units of the Sprott Physical Platinum and Palladium Trust, aimed at investing in physical platinum and palladium bullion [1][4]. Group 1: Equity Program Details - The updated at-the-market equity program will be executed under an amended sales agreement with various agents, including Cantor Fitzgerald and BMO Capital Markets [2][3]. - Sales of units will occur on the NYSE Arca and the Toronto Stock Exchange at prevailing market prices, with the timing and volume of sales determined at the Trust's discretion [3][4]. Group 2: Use of Proceeds - Proceeds from the equity program will be utilized to acquire physical platinum and palladium bullion, aligning with the Trust's investment objectives [4]. Group 3: Regulatory and Compliance Information - The offering is made pursuant to a prospectus supplement filed with the SEC and Canadian securities authorities, ensuring compliance with applicable regulations [5][6]. - The listing of the units on the NYSE and TSX has been approved, subject to meeting all listing requirements [6]. Group 4: Company Background - Sprott Asset Management is a subsidiary of Sprott Inc., specializing in precious metals and critical materials investments, with a focus on providing in-depth knowledge and investment strategies [8][9].
PLTR's ROE Trails Peers: What it Means for Return-Focused Investors
ZACKS· 2025-06-12 18:10
Key Takeaways PLTR posts a 23.56% ROE, falling short of the 32.34% industry average and trailing more efficient peers. Long-cycle contracts and heavy investments may be holding down PLTR's short-term capital efficiency. PLTR's modular pricing shift could impact margins now, but it aims to expand its commercial client base.Palantir Technologies Inc. (PLTR) currently has a return on equity (ROE) of 23.56%, trailing the industry average of 32.34%. While still solid, this disparity suggests that Palantir is g ...
3 Dividend Stocks With High but Shaky Yields That Are Probably Going to Get Cut
The Motley Fool· 2025-06-12 16:33
Group 1: Guggenheim Strategic Opportunities Fund - The fund has maintained monthly distributions for over a decade but has not covered its net investment income for the last seven years, leading to a decline in its net asset value (NAV) [2][3] - The fund's NAV currently stands at $11.50, and it has increased leverage to boost investment income, which is not a sustainable strategy [3][4] - The market is pricing the fund at a 28.5% premium to its NAV, indicating a potential mispricing [4] Group 2: Whirlpool - Whirlpool is positioned to benefit from U.S. tariffs and the administration's support for American manufacturing, particularly against Asian competitors [5] - The company faces challenges from a weak housing market, which affects discretionary appliance sales, crucial for its earnings [6] - Whirlpool's annual dividend consumes $390 million in cash, while expected free cash flow (FCF) for 2025 is projected between $500 million and $600 million [9] - The company has $1.85 billion in debt maturing in 2025 and plans to refinance $700 million, but this could be jeopardized if earnings guidance is missed [10] Group 3: UPS - UPS's dividend may be at risk, and cutting it could enhance the company's investment potential [11] - The company initially estimated generating $5.7 billion in FCF while paying $5.5 billion in dividends, but guidance has become uncertain due to economic impacts from tariffs [11][12] - UPS is intentionally reducing lower-margin Amazon delivery volumes, which could further affect its financial outlook [12] - A dividend cut could allow UPS to allocate more earnings towards investments that improve return on equity (RoE) [13][15]
Chubb Stock Trades Above 200-Day SMA: What Should Investors Do?
ZACKS· 2025-06-12 15:26
Key Takeaways CB's strong renewal retention and compelling dividend history poise it well for sustained long-term growth. Chubb enhances its core and specialty product offerings for long-term expansion. Solid capital position enables CB to fund growth initiatives and return capital to shareholders.Chubb Limited (CB) has been trading above its 200-day simple moving average (SMA), signaling a short-term bullish trend. Its share price, as of June 11, 2025, was $285.61, down 6.9% from its 52-week high of $306 ...
Castellum Announces Pricing of $5.0 Million Public Offering of Common Stock and Warrants
Globenewswire· 2025-06-12 13:00
Castellum Announces Pricing of $5.0 Million Public Offering of Common Stock and Warrants Castellum, Inc. (the “Company” and “Castellum”) (NYSE-American: CTM) today announced the pricing of its public offering of 4,166,667 Units at a public offering price of $1.20 per Unit -www.castellumus.com VIENNA, Va., June 12, 2025 (GLOBE NEWSWIRE) -- Castellum, Inc. (the “Company” and “Castellum”) (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal governm ...
Planet 13 Announces Results of Annual General Meeting
Globenewswire· 2025-06-11 23:48
LAS VEGAS, June 11, 2025 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, today announced the following results for each item of business considered at Planet 13’s Annual General Meeting of Stockholders held on Tuesday, June 10, 2025. Election of Directors The following table sets out the percentage of shares voted in respect of the election of directors: Nominee% For% WithheldRobert Groesbeck7 ...
X @Forbes
Forbes· 2025-06-11 19:10
How This Buyout Pioneer Built A Fortune From Private Equity To Women’s Soccer https://t.co/aoCUQmAcX9 #SelfMadeWomen ...
Will NRG's Acquisition and Capital Expenditure Set New Growth Path?
ZACKS· 2025-06-11 16:56
Core Insights - NRG Energy's $12 billion acquisition of LS Power's 12.9 GW natural gas portfolio significantly enhances its generation capacity to over 25 GW, positioning the company as a major player in U.S. power generation [2][9] - The acquisition allows NRG to better meet increasing electricity demands driven by AI data centers and rising commercial and industrial needs [2] - NRG plans to invest $1.3 billion annually through 2029 in generation optimization and grid reliability solutions, focusing on modernizing its gas fleet and supporting long-duration dispatchable capacity [3][9] - The company aims for a $3.7 billion debt reduction over the next 24-36 months to strengthen its balance sheet while targeting net-zero emissions by 2050 [4][9] Financial Performance - NRG Energy's return on equity (ROE) is currently better than the industry average, indicating efficient use of shareholder funds [8] - The company is trading at a premium with a forward 12-month P/E ratio of 18.73 compared to the industry average of 15.17 [11] - Earnings estimates for NRG indicate a year-over-year increase of 9.64% in 2025 and 20.33% in 2026, reflecting positive growth expectations [13]
Equinor Outperforms & Trades at a Premium: Should You Buy the Stock?
ZACKS· 2025-06-11 16:10
Key Takeaways EQNR shares gained 12.5% in 3 months, beating sector and broader market performance. EQNR posted Q1 2025 adjusted income of $8.6B and expects 4% oil and gas output growth for 2025. Equinor plans to launch a power unit in Sept. 2025, combining renewables and trading operations.Shares of Equinor ASA (EQNR) have gained 12.5% in the past six months, outperforming the oil-energy sector and the Zacks S&P 500 composite’s declines of 5.5% and 0.5%, respectively. The company has a market capitalizati ...
BHF Outperforms Industry, Trades at a Discount: How to Play the Stock
ZACKS· 2025-06-11 14:56
Core Insights - Brighthouse Financial, Inc. (BHF) has seen a share price increase of 37.7% over the past year, outperforming its industry, the Finance sector, and the Zacks S&P 500 composite, which grew by 17.3%, 19.6%, and 10.8% respectively [1] - The company has a market capitalization of $3.31 billion and an average trading volume of 0.8 million shares over the last three months [1] Valuation and Performance - BHF shares are trading at a forward price-to-book value of 0.63X, significantly lower than the industry average of 1.97X, the Finance sector's 4.16X, and the Zacks S&P 500 Composite's 8.09X, indicating attractive valuation [3] - The trailing 12-month return on equity for BHF is 25.6%, surpassing the industry average of 15.37%, reflecting effective utilization of shareholder equity [15] Market Position and Growth Drivers - BHF is positioned to benefit from a growing individual insurance market and an expanding distribution network, with a focus on enhancing its product portfolio through new offerings like Shield Level Pay Plus and SecureKey [8][16] - The Zacks Consensus Estimate for BHF's 2025 revenues is projected at $8.84 billion, representing a year-over-year increase of 1.4%, with further growth expected in 2026 [9] Sales and Earnings Trends - Earnings for BHF have grown by 16.5% over the past five years, outperforming the industry average of 7.8%, with the company beating earnings estimates in two of the last four quarters [10] - Recent sales growth has been driven by strong performance in annuity products, particularly from the Shield Level Annuity and SecureKey offerings, alongside improved underwriting margins and net investment income [17][18] Analyst Sentiment and Price Targets - The average price target from analysts for BHF is $58.50 per share, suggesting a potential downside of 0.66% from the last closing price [11] - There has been a bearish sentiment among analysts, with three out of six lowering their estimates for 2025 and one for 2026 in the past 30 days [13] Financial Strategy and Capital Management - BHF maintains a well-diversified investment portfolio, which supports stable earnings and capital strength, and is committed to returning capital to shareholders through an opportunistic share repurchase program [20] - The company’s focus on enhancing its balance sheet strength and financial flexibility positions it well for future growth [21]