Thanks for buying our stock we out!- Dutch Bros CEO sells $3.3M in common stock, CFO sells $3.9M in common stock 18:32 BROS In separate regulatory filings, Dutch Bros disclosed that its CEO Joth Ricci sold 71.1K shares of common stock and its CFO Charles Jemley sold 85K shares of common stock on August 15th in total respective transactions of $3.3M and $3.9M.
Bentley Systems initiated with an Outperform at Wolfe Research 17:13 BSY Wolfe Research analyst Gal Munda initiated coverage of Bentley Systems with an Outperform rating and $48 price target. The analyst sees the stock as "one of the most interesting mid-term investment stories". Munda also notes that Bentley Systems provides "solid" 100bps annual margin improvement while accelerating both revenue and ARR growth.
Sportradar Group rallies after guidance lift, large debt paydown Aug. 17, 2022 7:30 AM ET Sportradar Group AG (SRAD) Sportradar Group AG (NASDAQ:SRAD) reported revenue rose 23% in Q2 to €177M. The U.S. segment saw revenue grow by 66% to €29.1M. The RoW segment saw revenue increase 21% to €95.5M. Adjusted EBITDA fell 13% in the quarter to $28.9M, primarily due to costs associated with additional organic and inorganic headcount growth and new and renewed sport rights contracts and the impact of the Russia/Ukraine conflict. Looking ahead, SRAD now sees full-year revenue of €695M to €715M vs. a prior outlook for €665M to €700M. Adjusted EBITDA of €123M to €133M is anticipated. There is also some strengthening of the balance sheet anticipated. Due to the company's strong cash flow generation, SRAD has targeted paying down about half of its outstanding debt. "We remain as confident as ever in the leverage and scalability of our business, and our ability to deliver results in the face of global challenges and economic conditions," said CEO Carsten Koerl. In C-suite news, Sportradar (SRAD) disclosed that Chief Financial Officer Alex Gersh, has decided to leave the company to accept another position in the U.S. Ulrich Harmuth has been named interim CFO while a seach for a full-time replacement is launched. Shares of Sportradar Group AG (SRAD) rallied 4.50% in premarket trading to $12.54.
Elon Musk jokes on Twitter about buying gummybear advisors- I've never seen anyone get the market so right again and again and again, I should just buy that stonedinvestor.....
ZIM Integrated Shipping Services declares $4.75/share dividend Aug. 17, 2022 7:40 AM ET ZIM Integrated Shipping Services Ltd. (ZIM) ZIM Integrated Shipping Services (NYSE:ZIM) declares $4.75/share quarterly dividend. The amount reflects 30% of second quarter 2022 net income plus a one-time catch up of 10% of Q1 2022 net income. Forward yield 37.33% Payable Sept. 8; for shareholders of record Aug. 29; ex-div Aug. 26. Updated dividend policy: Commencing with the dividend for the second quarter of 2022, ZIM intends to distribute a dividend to its shareholders on a quarterly basis at a rate of ~30% of the net quarterly income (up from 20% of net income) of each of the first three fiscal quarters of the year. It further expects that the cumulative annual dividend amount to be distributed by the company (including the interim dividends paid on account of the first three fiscal quarters of the year) will total 30-50% of its annual net income.
IDEA- ZIM ZIM Integrated Shipping Services Ltd. (ZIM) NYSE - NYSE Delayed Price. Currency in USD Add to watchlist 50.90+0.33 (+0.65%) At close: August 16 04:00PM EDT 48.48 -2.42 (-4.75%)<------- ALL DAY! Pre-Market: -
NOG Announces Midland Basin Bolt-on Acquisition Wed, August 17, 2022, 7:15 AM HIGHLIGHTS Bolt-on acquisition of high oil cut, core non-operated working interest properties in the Midland Basin for $110 million Average production >1,800 Boe per day (2-stream, ~86% oil) expected over the next twelve months Strong line of sight with approximately 9.6 net undeveloped and in-process locations and ~1,600 net acres located in Howard County, Texas Forward 1-year unhedged cash flow from operations (assumed October closing) expected to be approximately $48 million at strip pricing as of 8/15/2022, representing an initial purchase price transaction multiple of 2.3x Strong free cash flow profile with only ~$12.5 - 17.5 million of annual sustaining capital expenditures necessary to maintain production on assets Transaction expected to be accretive to key valuation metrics, including TEV / EBITDA, earnings per share, free cash flow and cash flow per share, over a multi-year period Acquisition to be financed with cash; still expect to exit 2022 below 1.0x leverage ratio MINNEAPOLIS, August 17, 2022--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (the "Company" or "NOG") today announced that it has entered into an agreement to acquire properties in the Midland Basin. MIDLAND BASIN ACQUISITION NOG has entered into a definitive agreement to acquire non-operated interests in the Midland Basin for a purchase price of $110 million in cash, subject to typical closing adjustments. NOG expects to fund the acquisition with cash on hand, operating free cash flow and borrowings under NOG’s revolving credit facility. At closing, production on the assets is expected to be greater than 1,600 Boe per day (2-stream, ~87% oil) and NOG expects average production of over 1,800 Boe per day over the next twelve months post-closing (2-stream, ~86% oil). NOG expects less than $5 million of capital expenditures to be incurred post-closing in 2022 and does not anticipate revising 2022 capital expenditure guidance for the acquisition. These high-quality properties have operating costs lower than NOG’s corporate average. The acquired assets are located in Howard County, Texas and include approximately 1,600 acres, 6.4 net producing wells, 1.6 net wells-in-process and approximately 8 net undeveloped locations. Substantially all of the assets are operated by SM Energy. The effective date for the transaction is August 1, 2022, and NOG expects to close the transaction in October 2022. The obligations of the parties to complete the transactions contemplated by the purchase agreement are subject to the satisfaction or waiver of customary closing conditions. MANAGEMENT COMMENTS "We continue to focus on a balanced approach to growing our enterprise, with a focus on quality and low-breakeven economics," commented Nick O’Grady, NOG’s Chief Executive Officer. "NOG continues to build a stronger, more diversified company built to drive higher shareholder returns for the long term." "In our second meaningful bolt-on acquisition of 2022, we have found a high-quality prospect that continues to grow our Midland Basin position," commented Adam Dirlam, NOG’s President. "Anchored by highly economic inventory, high oil cuts, and a strong operator, this transaction helps continue to build out the Permian Basin as an area of growth for NOG." -------> The LNG plays have killed the oil stocks. NOG is my favorite small OIL player. IDEA NOG