On Wednesday, in the course of current trade, Shares of Fastenal Company (NASDAQ:FAST), climbed 1.46%, and is now trading at $41.70.
Fastenal Company of Winona, stated the results of the quarter ended June 30, 2015. Except for per share information, or as otherwise noted below, dollar amounts are stated in thousands.
Fastenal Company, together with its auxiliaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners, and other industrial and construction supplies primarily under the Fastenal name.
During an Afternoon trade, Shares of Invesco Mortgage Capital Inc (NYSE:IVR), climbed 0.13%, and is now trading at $14.94.
Invesco Mortgage Capital, declared the closing of a commercial real estate loan investment. IVR offered an about $21 million mezzanine loan secured by a pledge of the equity interests in a luxury Florida hotel asset which will facilitate the recapitalization of the property. The transaction is structured with a floating interest rate and a term of three years, with two one-year extension options.
Commenting on the transaction, Kevin Collins, managing director and head of commercial mortgage credit, said: “This marks IVR’s ninth direct floating rate financing. We look forward to ongoing our search for attractive risk-adjusted unlevered returns in this sector of mortgage market.”
Invesco Mortgage Capital Inc., a real estate investment trust, focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans.
Finally, ARMOUR Residential REIT, Inc. (NYSE:ARR) , lost -0.52% Wednesday, hitting its highest level.
ARMOUR Residential REIT, declared that it anticipates to enhance common stock dividends in Q3 2015 and that its Board of Directors has approved a reverse stock split of ARMOUR’s outstanding shares of common stock at a ratio of one-for-eight.
ARMOUR Residential REIT, Inc. invests in and manages a portfolio of residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Administration LP.
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