Morning Buzz: Universal Corporation (NYSE:UVV), Annaly Capital Management, Inc. (NYSE:NLY), U.S. Geothermal Inc. (NYSEMKT:HTM), Bacterin International Holdings, Inc. (NYSEMKT:BONE)

Universal Corporation (NYSE:UVV), Reports First Quarter Results. George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE: UVV), reported a net loss of $5.9 million, or $0.43 per diluted share, for the first quarter of fiscal year 2016, which ended on June 30, 2015. Those results were down from net income of $0.7 million, or a $0.13 per diluted share loss for the first quarter of fiscal year 2015. Results for the first fiscal quarter of 2016 included restructuring costs of $2.4 million ($1.6 million after-tax or $0.07 per diluted share), while results for last year’s first fiscal quarter included an income tax benefit of $8.0 million (or $0.34 per diluted share) arising from a subsidiary’s payment of a portion of a fine following the unsuccessful appeal of a long-running court case. Universal Corporation (NYSE:UVV) belongs to Consumer Goods sector. Its net profit margin is 4.40% and weekly performance is -11.92%. On last trading day company shares ended up $50.25. Universal Corporation (NYSE:UVV) distance from 50-day simple moving average (SMA50) is -9.70%.

Annaly Capital Management (NYSE: NLY) announced that its Board of Directors has authorized the repurchase of up to $1 billion of its outstanding common shares through December 31, 2016. Purchases made pursuant to the program will be made in either the open market or in privately negotiated transactions from time to time as permitted by securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The authorization does not obligate the Company to acquire any particular amount of common shares and the program may be suspended or discontinued at the Company’s discretion without prior notice. The Board will assess the effects of this program at its completion.Annaly Capital Management, Inc. (NYSE:NLY) shares decreased -0.10% in last trading session and ended the day at $10.08. Its return on assets is -1.60%. Annaly Capital Management, Inc. (NYSE:NLY) quarterly performance is 2.96%.

U.S. Geothermal Inc. (NYSEMKT:HTM), is pleased to announce it is advancing two significant development projects. The Company’s wholly owned subsidiary, U.S. Geothermal Guatemala, S.A., started drilling well EC-2 at the El Ceibillo Project today. Additionally, the Company has successfully completed a flow test program on the three largest production wells at the WGP Geysers project in northern California confirming the existence of approximately 30 MW of steam. On 07 August, U.S. Geothermal Inc. (NYSEMKT:HTM) shares decreased -5.40% and was closed at $0.53. U.S. Geothermal Inc. (NYSEMKT:HTM) year to date (YTD) performance is 16.20%.

Bacterin International Holdings, Inc. (OTCQX:BONE), a leader in the development of revolutionary bone graft material, has announced the closing of its previously announced offering of $65 million aggregate principal amount of convertible senior unsecured notes due 2021 (the “Notes”). The Notes were offered and sold to “qualified institutional buyers” (as defined in Rule 144A under the Securities Act of 1933, as amended). Bacterin has granted the investment banking firm serving as initial purchaser a 30-day option to purchase up to an additional $9.75 million aggregate principal amount of Notes. Bacterin International Holdings, Inc. (NYSEMKT:BONE) shares advanced 5.32% in last trading session and ended the day at $3.76. Bacterin International Holdings, Inc. (NYSEMKT:BONE) quarterly performance is -3.59%.

Leave a Reply

Your email address will not be published. Required fields are marked *