|Over a week ago|
One new option listing and fifteen option delistings on March 22nd » 08:3003/2203/22/21
AYTU, ANH, CLUBQ, CPTA, NEOS, OCSI, PFX, SQBG, ZNOG
New option listings for…
New option listings for March 22nd include AYTU BioPharma Inc (AYTU). Option delistings effective March 22nd include FTSE 100 Mini Index Settlement Value (.UKS), Atlas Financial Holdings Inc (AFHIF), Anworth Mortgage Asset Corporation (ANH), Ascena Retail Group Inc (ASNAQ), Dorsey Wright MLP (BMLP), Town Sports International Holdings Inc (CLUBQ), Capitala Finance (CPTA), Noble Corporation PLC (NEBLQ), Neos Therapeutics Inc (NEOS), Oaktree Strategic Income Corporation (OCSI), PhenixFIN (PFX), Pacific Coast Oil Trust (Units) (ROYTL), Shiloh Industries Inc (SHLOQ), Sequential Brands (SQBG), and Zion Oil and Gas Inc (ZNOG).
|Over a month ago|
Anworth stockholders approve Ready Capital merger » 16:1103/1703/17/21
Anworth Mortgage Asset…
Anworth Mortgage Asset Corporation (ANH) announced that at its special meeting of stockholders held today, conducted by means of a virtual meeting held live over the internet, Anworth stockholders approved the merger transaction in which Anworth will merge with and into RC Merger Subsidiary, LLC, a Delaware limited liability company and a wholly owned subsidiary of Ready Capital Corporation (RC), with Merger Sub continuing as the surviving company, pursuant to the previously announced Agreement and Plan of Merger entered into among Ready Capital, Merger Sub and Anworth on December 6, 2020. At the special meeting, approximately 52.58% of the outstanding shares of common stock, par value $0.01 per share, of Anworth were voted, with approximately 95.24% of the votes cast in favor of the Anworth merger proposal. The Merger is expected to close on March 19, 2021, subject to customary closing conditions. As a result of the Merger, among other things, each share of Anworth common stock outstanding at the effective time of the Merger will be converted into the right to receive from Ready Capital 0.1688 shares of common stock, par value $0.0001 per share, of Ready Capital, plus $0.61 in cash. Cash will be paid in lieu of any fractional shares of Ready Capital common stock that would have been received as a result of the Merger.
Ready Capital price target raised to $15.50 from $14 at BTIG » 05:2703/1203/12/21
BTIG analyst Tim Hayes…
BTIG analyst Tim Hayes raised the firm's price target on Ready Capital (RC) to $15.50 from $14 and keeps a Buy rating on the shares following the company's "strong" Q4 results. The analyst is encouraged by investment and capital markets activity so far in Q1, as well as the upcoming close of the Anworth Mortgage (ANH) merger.
Anworth Mortgage reports Q4 core EPS 5c, consensus 7c » 16:0902/2302/23/21
At December 31, 2020, the…
At December 31, 2020, the company's book value was $3.13 per share of common stock, which was an increase of 9c from $3.04 at September 30, 2020.
|Over a quarter ago|
Ready Capital, Anworth Mortgage announce merger transaction » 06:3112/0712/07/20
Ready Capital (RC) and…
Ready Capital (RC) and Anworth Mortgage (ANH) announced that they have entered into a definitive merger agreement pursuant to which Ready Capital will combine with Anworth. The combined company is expected to have a pro forma equity capital base in excess of $1B. Under the terms of the merger agreement, each share of Anworth common stock will be converted into 0.1688 shares of Ready Capital common stock and 61c of cash consideration. Based on Ready Capital's closing stock price on December 4, the implied offer price is $2.94 per share. Upon the closing of the merger, Ready Capital stockholders are expected to own approximately 76% of the combined company's stock, while Anworth stockholders are expected to own approximately 24% of the combined company's stock. Ready Capital will also assume Anworth's three outstanding series of preferred stock. In connection with the merger, Waterfall Asset Management, Ready Capital's external manager, has agreed to reduce the base management fee it charges Ready Capital by an aggregate of $4M over the four quarters immediately following the closing of the transaction. Based on the closing prices of Ready Capital's common stock on December 4, the market capitalization of the combined company would be approximately $984M. The combined company will operate under the name Ready Capital and its shares are expected to continue trading on the New York Stock Exchange under the existing ticker symbol. Upon completion of the merger, Ready Capital's chairman and CEO Thomas Capasse will lead the company and Ready Capital executives Jack Ross, Thomas Buttacavoli, Andrew Ahlborn and Gary Taylor will remain in their current roles. The combined company will be headquartered in New York, New York. The board of the combined company is expected to have eight directors, consisting of Ready Capital's existing seven directors and one independent director from Anworth's current board. The transaction has been unanimously approved by each of the boards of Ready Capital and Anworth. The transaction is expected to close by the end of the first quarter of 2021, subject to the respective approvals by the stockholders of Anworth and Ready Capital and other customary closing conditions.
Anworth Mortgage upgraded to Neutral from Underperform at Credit Suisse » 06:1004/2404/24/20
Credit Suisse analyst…
Credit Suisse analyst Douglas Harter upgraded Anworth Mortgage to Neutral from Underperform with a price target of $2.25, down from $2.50. In a research note to investors, Harter says he does not see additional downside potential with the shares trading at 54% of Q1 book value. He thinks the risk/reward is more balanced at current levels.
Anworth Mortgage upgraded to Neutral from Underperform at Credit Suisse » 05:1704/2404/24/20
Credit Suisse analyst…
Credit Suisse analyst Douglas Harter upgraded Anworth Mortgage to Neutral from Underperform with a $2.25 price target.
Anworth Mortgage lowers quarterly dividend to 5c per share from 9c » 16:4204/2104/21/20
Anworth Mortgage Asset…
Anworth Mortgage Asset announced that its board of directors declared a quarterly common stock dividend of 5c per share for the first quarter of 2020. The common stock dividend is payable on May 29, 2020 to common stockholders of record as of the close of business on May 12.