On Monday, Shares of Radian Group Inc (NYSE:RDN), lost -0.22% to $18.42.
Green River Capital LLC, declared that it has launched Rental Asset Administration & Performance (RAMP), a new surveillance service for single-family rental properties. The new service provides detailed performance data information on securitizations, counting multi-borrower transactions, in addition to managers, borrowers and properties.
Designed to collect and standardize the data needed to monitor the performance of multi-borrower securitizations, RAMP is an intelligent surveillance engine that portfolio owners, property managers, multi-borrower lenders, investors, securitizers, and servicers can use to monitor the performance of rental portfolios, counting a comparative analysis of actual performance to underwritten assumptions. RAMP leverages Green River Capital’s established analytics, due diligence and surveillance capabilities, in addition to the insight developed in valuing and inspecting more than 100,000 properties for institutional buyers.
Based in Salt Lake City, Utah, GRC is wholly owned by Clayton Holdings LLC, a partner of Radian Group Inc. (RDN).
Radian Group Inc., through its auxiliaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance, and Mortgage and Real Estate Services (MRES).
Shares of Allison Transmission Holdings Inc (NYSE:ALSN), declined -0.96% to $28.90, during its last trading session.
Allison Transmission Holdings, stated net sales for the second quarter of $511 million, a 5 percent decrease from the same period in 2014. The decrease in net sales was principally driven by lower demand in the global Off-Highway and Defense end markets partially offset by the continued recovery in the North America On-Highway end market, higher demand in the Outside North America On-Highway end market and price enhances on certain products.
Adjusted Net Income, a non-GAAP financial measure, for the quarter was $98 million, contrast to Adjusted Net Income of $117 million for the same period in 2014, a decrease of $19 million. Adjusted EBITDA, a non-GAAP financial measure, for the quarter was $186 million, or 36.3 percent of net sales, contrast to $186 million, or 34.7 percent of net sales, for the same period in 2014. Adjusted Free Cash Flow, a non-GAAP financial measure, for the quarter was $140 million, or $0.78 per diluted share, contrast to $135 million for the same period in 2014, or $0.74 per diluted share.
Allison Transmission Holdings, Inc., together with its auxiliaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles.
At the end of Monday’s trade, Shares of Clorox Co (NYSE:CLX), lost 2.72% to $114.99.
The Clorox Company, stated sales growth of 4 percent and an 11 percent enhance in diluted net earnings per share (EPS) from ongoing operations for its fourth quarter, which ended June 30, 2015. On a currency-neutral basis, fourth-quarter sales grew 6 percent. For fiscal year 2015, the company stated sales growth of 3 percent and diluted EPS of $4.57 from ongoing operations, an enhance of 4 percent. On a currency-neutral basis, fiscal-year sales grew 5 percent.
“I’m very happy with the company’s strong performance in the fourth quarter and fiscal year 2015,” said Chief Executive Officer Benno Dorer. “Our strategy to enhance demand-building investments drove profitable growth, with sales enhances in every quarter of the fiscal year. It’s also encouraging that our actions are creating momentum in our categories and driving market share gains across several brands.”
The Clorox Company manufactures and markets consumer and professional products worldwide. The company operates in four segments: Cleaning, Household, Lifestyle, and International.
Finally, Lincoln National Corporation (NYSE:LNC), ended its last trade with -0.25% loss, and closed at $56.18.
Lincoln Financial Group, declared the company has accomplished the launch of its improved Absence Administration service – a high quality, fully integrated solution that can assist employers more effectively manage employee absences. Lincoln started offering the service to clients in early 2015.
Lincoln’s innovative Absence Administration Service fully integrates federal, state and company leaves with short-term disability administration to provide employers relief from the complicated administrative burden many presently face when managing employee absences. The service also provides a step-by-step, consultative approach from dedicated Absence Implementation Specialists to assist with requirements gathering and system setup and communications design, to Integrated Claims Examiners to handle concurrent absence and short-term disability claims for holistic, end-to-end administration and support.
Lincoln National Corporation, through its auxiliaries, engages in multiple insurance and retirement businesses in the United States. It operates through Annuities, Retirement Plan Services, Life Insurance, and Group Protection segments.
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