WiseRadar: March 15, 2023.
BRP Group, Inc. ($BRP)
BRP Group, Inc. is a leading independent insurance agency in the US. It has seen a surge in its stock price on Tuesday due to strong Q4 results and a positive outlook for 2021. The company has seen a strong growth in its revenues and has a solid balance sheet. It is well-positioned to benefit from the growth in the insurance industry.
Smartsheet Inc. ($SMAR)
Smartsheet Inc. (SMAR) saw its stock price increase by 4.37% in pre-market trading on Wednesday. The company is a provider of cloud-based platform for work execution, which enables organizations and teams to plan, capture, manage, automate, and report on work. Its products are used by over 75,000 organizations worldwide.
Kingsoft Cloud Holdings Limited ($KC)
Kingsoft Cloud Holdings Limited (KC) is a Chinese cloud computing company that is gaining attention in the market. The company has recently announced the launch of its new cloud-based services and is seeing an increase in its stock price. The company is well-positioned to benefit from the growth of the cloud computing industry.
Getty Images Holdings, Inc. ($GETY)
Goldman Sachs maintained a neutral rating on Getty Images Holdings, Inc. (GETY) and lowered its price target to $6. They noted that the company has seen an increase in revenue from its digital media segment, but its core business remains weak. They also noted that the company’s cost structure is too high and that the company is unlikely to achieve profitability in the near future.
Gray Television, Inc. ($GTN)
Gray Television, Inc. (GTN) is a value stock in the communication services sector. It has a strong balance sheet and a history of returning capital to shareholders. The company has also been able to maintain its dividend despite the pandemic. GTN has seen its stock price rise over the past year and is expected to continue to do well in the future.
Arcos Dorados Holdings Inc. ($ARCO)
Arcos Dorados Holdings Inc. (ARCO) recently approved a FY23 cash dividend of $0.19 per share, payable in four instalments. The dividend will be paid on April 15, July 15, October 15, and January 15 of 2021. This marks a 10% increase from the previous year’s dividend. The company’s Board of Directors also approved a share repurchase program.
TEGNA Inc. ($TGNA)
TEGNA Inc. (TGNA) hit a 52-week low on Friday, March 23rd. The company has seen a steady decline in its stock price, due to its struggles to maintain growth and profitability. Investors should be cautious of this stock, as its future outlook is uncertain.
Chindata Group Holdings Limited ($CD)
Chindata Group Holdings Limited (CD) has priced a $300 million senior notes due 2026 offering. The notes will bear interest at a rate of 6.375% per annum and will mature on March 15, 2026. The proceeds from the offering will be used for general corporate purposes. The offering is expected to close on March 9, 2021.
Brookfield Infrastructure Partners L.P. ($BIP)
Brookfield Infrastructure Partners L.P. (BIP) reported their fourth quarter financial results, with Funds From Operations (FFO) of $0.72 per share, up from $0.65 per share year-over-year. The company also reported a dividend of $0.50 per share, an increase of 6.7% from the prior year. Overall, BIP’s financial results showed a strong performance in the fourth quarter.
Apollo Commercial Real Estate Finance, Inc. ($ARI)
Apollo Commercial Real Estate Finance, Inc. (ARI) is a real estate investment trust that provides commercial real estate loans to the U.S. market. It is one of the leading lenders in the industry and offers attractive returns to investors. ARI has a strong balance sheet and is well-positioned to benefit from the current market conditions.
Aeva Technologies, Inc. ($AEVA)
Aeva Technologies, Inc. (AEVA) is a technology company that focuses on developing and deploying advanced sensing and perception solutions for autonomous vehicles. The company has seen its stock price increase by over 8% in pre-market trading on Tuesday, driven by its innovative technology and potential to revolutionize the autonomous vehicle industry.