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Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Second Quarter Common Stock Distribution of $0.1280 Per Share
Globenewswire· 2025-06-03 21:00
Core Points - Sprott Focus Trust, Inc. has declared a quarterly distribution of $0.1280 per share, payable on June 30, 2025, to stockholders of record as of June 13, 2025 [1] - The Fund has a Distribution Policy of paying quarterly distributions at an annual rate of 6% based on the rolling average of the prior four calendar quarter-end net asset values (NAVs) [2] - The estimated sources of the upcoming distribution include net investment income, short-term gains, and long-term gains, with specific allocations detailed [3] Distribution and Performance Information - The Fund's average annual total return in relation to NAV for the five-year period ending May 31, 2025, is 11.85%, with an annualized current distribution rate of 1.58% as of the same date [4][5] - Cumulative total return from December 31, 2024, to May 31, 2025, reflects the percentage change in NAV, assuming reinvestment of distributions [6] - The Fund's investment strategy focuses on long-term capital growth, typically investing at least 65% of its assets in equity securities [7]
Invesco Ltd. to Participate in the Morgan Stanley U.S. Financials Conference
Prnewswire· 2025-06-03 20:15
ATLANTA, June 3, 2025 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today announced that Allison Dukes, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley U.S. Financials Conference at 11:25 a.m. ET on June 10, 2025.A link to the live audio webcast will be available on the Investor Relations website. For those unable to listen to the live audio webcast, a replay will be available following the event.About Invesco Ltd.Invesco Ltd. is a global independent investment management firm ...
5 Top S&P 500 Financial Stocks That Bucked the "Sell in May" Trend
ZACKS· 2025-06-03 14:10
Market Overview - Wall Street's seasonal adages have not held true this year, with April ending on a mixed note and May showing impressive gains in U.S. stock markets [1][2] - All three major indexes finished May in the green, with the Dow rising 3.9%, the S&P 500 climbing 6.2%, and the Nasdaq Composite jumping 9.6%, marking their best monthly performances since November 2023 [2] Financial Services Sector Performance - The Financial Services sector was one of May's top performers, up 4.5%, with notable stocks including Coinbase Global, Northern Trust, BNY Mellon, Franklin Resources, and Bank of America [3][9] - Coinbase is positioned to benefit from heightened crypto market volatility and rising asset prices, with 83% of its total revenues coming from the U.S. market [7][10] - Northern Trust is leveraging organic expansion efforts and has launched Family Office Solutions targeting ultra-high-net-worth clients, which is expected to enhance its Wealth Management segment [12][13] - BNY Mellon is focusing on international growth initiatives and has seen a five-year CAGR of 6.2% in net interest income, with expectations for continued improvement [18][19] - Franklin has grown through acquisitions and partnerships, enhancing its presence in alternative investments and multi-asset solutions [22][23] - Bank of America is expected to benefit from higher interest rates, with a projected 6-7% rise in net interest income for 2025, supported by aggressive branch expansion [26][28] Company-Specific Insights - Coinbase is investing in infrastructure to expand crypto's practical use, including a low-cost Layer 2 scaling solution [8] - Northern Trust is focused on disciplined headcount management and process automation to improve productivity and meet financial targets, achieving a return on equity of 13% in Q1 2025 [14][15] - BNY Mellon is facing challenges with rising expenses and volatility in fee income, which constitutes almost 70% of total revenues [20] - Franklin's diversification into alternative asset classes is expected to drive assets under management growth, although market fluctuations pose risks to investment management fees [24][25] - Bank of America is enhancing its digital offerings and cross-selling products through initiatives like the Zelle money transfer system and the digital assistant Erica [29]
CODI INVESTOR ALERT: Compass Diversified Holdings Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action Lawsuit
Prnewswire· 2025-06-02 13:10
SAN DIEGO, June 2, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Compass Diversified Holdings (NYSE: CODI) publicly traded securities between May 1, 2024 and May 7, 2025, inclusive (the "Class Period"), have until Tuesday, July 8, 2025 to seek appointment as lead plaintiff of the Compass Diversified class action lawsuit. Captioned Augenbaum v. Compass Diversified Holdings, No. 25-cv-01003 (C.D. Cal.), the Compass Diversified class action law ...
CODI STOCK: Suffer Losses on Compass Diversified Holdings? BFA Law Notifies Investors of Imminent July 8 Securities Class Action Deadline (NYSE:CODI)
GlobeNewswire News Room· 2025-06-02 12:47
Core Viewpoint - A lawsuit has been filed against Compass Diversified Holdings and its executives for potential violations of federal securities laws, specifically related to alleged misstatements in financial statements [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Central District of California, captioned Matthews v. Compass Group Diversified Holdings, Inc., et al., No. 25-cv-981 [2]. - Investors have until July 8, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Compass - The complaint alleges that Compass's fiscal 2024 financial statements contained material misstatements regarding unrecorded financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable related to Lugano Holdings, Inc. [3]. - Compass is a statutory trust that manages a group of small and middle-market businesses, including Lugano Holdings, a high-end jewelry designer and manufacturer [3]. Group 3: Stock Market Reaction - Following the announcement on May 7, 2025, that investors should not rely on its fiscal 2024 financial statements due to an ongoing internal investigation, Compass's stock price dropped approximately 62%, from $17.25 per share to $6.55 per share [4]. - The company indicated that it had identified irregularities in Lugano's financing, accounting, and inventory practices, leading to the resignation of Lugano's founder and CEO without severance compensation [4].
Catalyst Continues Growth with Hirings of Institutional Relations and Portfolio Strategist Professionals
Globenewswire· 2025-06-02 12:30
Core Insights - Catalyst Capital Advisors LLC has announced the hiring of Robert Gallant as Executive Director of Institutional Relations and Bryan Kitchner as Vice President, Portfolio Strategist, to enhance its institutional business and portfolio strategy offerings [1][2][3] Group 1: Company Developments - The organization has surpassed $12 billion in assets under management (AUM) as of March 31, 2025, indicating significant growth [2] - Gallant will oversee the firm's institutional business and sales efforts, while Kitchner will focus on educating financial advisors about alternative investment strategies [2][3] - The CEO of Catalyst, Jerry Szilagyi, emphasized the importance of educating clients on diversifying portfolios through non-traditional strategies [3] Group 2: Personnel Background - Robert Gallant previously served as Director of National Accounts at PGIM Investments and has experience with Northern Trust, J.P. Morgan, and BMO Capital Markets [3][4] - Bryan Kitchner was most recently a Senior Investment Strategist at the Metropolitan Transportation Authority and has worked at Bank of America and The Segal Group [4][5] Group 3: Product Offerings - Catalyst offers a diverse suite of non-traditional fixed income, equity, and alternative products aimed at providing uncorrelated return streams and improving client experiences [4] - The firm currently manages 34 investment products designed to produce income- and equity-oriented returns while managing risk and volatility [6]
Hamilton Lane: Q4 Results Fail To Justify Valuation Premium
Seeking Alpha· 2025-06-02 11:05
Group 1 - Hamilton Lane Incorporated (NASDAQ: HLNE) shares have sharply declined following the release of Q4 FY 2025 earnings despite reporting strong results [1] - The company's stock was trading at a substantial premium to peers, creating a high bar for performance expectations [1] Group 2 - Blue Chip Portfolios is an investment publication focused on providing insights on single stocks, ETFs, and CEFs [1]
Infratil (IFT.NZ) FY25 Result: CDC deferral and higher One NZ cost drive FY26 downgrade, but FY27 growth intact; Neutral
Goldman Sachs· 2025-05-30 02:45
Investment Rating - The report assigns a Neutral rating to Infratil (IFT.NZ) [1][4][15] Core Insights - The FY25 results were softer than expected, with Proportionate EBITDAF declining by 4% compared to Goldman Sachs estimates, leading to a downgrade in FY26 guidance to NZ$1,000-1,050 million, which is 3%-5% lower than previous estimates [1][4] - Infratil plans to monetize NZ$1 billion of assets that are unlikely to scale under the current ownership model, with the capital reinvested in businesses that can provide more meaningful returns [2] - The healthcare portfolio is performing strongly, with RHCNZ and Qscan expecting accelerating EBITDAF growth into FY26 [2] - Longroad Energy is targeting an OpCo run-rate EBITDA of US$370 million by March 2026, driven by contributions from projects that are operational or under construction [2] Financial Performance - FY26-28 EBITDAF estimates have been revised down by 3% to 4% due to CDC deferrals and increased costs for One NZ [4][13] - The 12-month target price is set at NZ$10.70, reflecting a 3% decrease from previous estimates [4][14] - Key financial metrics include projected revenue growth of 22.7% for FY25, with a decline in EPS for FY26 expected at NZ$0.13, compared to a previous estimate of NZ$0.09 [10][11] Investment Thesis - Infratil is positioned to benefit from increased digital consumption and AI adoption, particularly through its investments in digital infrastructure and renewable energy [15] - Despite positive long-term themes, the current market valuation appears to have already factored in these growth prospects, leading to a Neutral rating [15]
Hamilton Lane Incorporated (HLNE) Q4 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-05-29 20:37
Core Viewpoint - Hamilton Lane Incorporated is conducting its Q4 and Fiscal Year End 2025 Earnings Call, highlighting its financial performance and future expectations [1][3]. Group 1: Company Overview - The earnings call is led by John Oh, Head of Shareholder Relations, alongside Erik Hirsch, Co-CEO, and Jeffrey Armbrister, CFO [2][3]. - A press release and slide presentation detailing the financial results have been made available on the company's website [3]. Group 2: Forward-Looking Statements - The company emphasizes that forward-looking statements regarding financial position, results, and future performance are subject to risks and uncertainties [4]. - It is noted that these statements do not guarantee future events or performance and may differ materially from actual results [4].
Hamilton Lane (HLNE) Tops Q4 Earnings and Revenue Estimates
ZACKS· 2025-05-29 13:21
分组1 - Hamilton Lane reported quarterly earnings of $1.21 per share, exceeding the Zacks Consensus Estimate of $1.20 per share, but down from $1.38 per share a year ago, representing an earnings surprise of 0.83% [1] - The company achieved revenues of $197.97 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 14.07%, compared to $176.66 million in the same quarter last year [2] - Hamilton Lane has outperformed the S&P 500 with an 18.5% increase in shares since the beginning of the year, while the S&P 500 gained only 0.1% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.91 on revenues of $156.74 million, and for the current fiscal year, it is $4.52 on revenues of $679.14 million [7] - The Financial - Investment Management industry, to which Hamilton Lane belongs, is currently ranked in the bottom 12% of over 250 Zacks industries, indicating potential challenges ahead [8]