Search
Saturday 16 May 2015
  • :
  • :
Latest Update

Laggard Stocks To watch: International Game Technology Ordinary Shares (NYSE:IGT), USA Truck, (NASDAQ:USAK), Universal Business Payment Solutions Acquisition (NASDAQ: JTPY), Gladstone Land (NASDAQ:LAND)

On Wednesday, International Game Technology Ordinary Shares (NYSE:IGT)’s shares declined -5.79% to $19.35.

International Game Technology Ordinary Shares (IGT) DoubleDown Casino® social gaming website gives players 2,000 reasons to try its new game with the launch of the Wheel of Fortune Double Times Pay 3x4x5x® game for desktop and mobile devices, featuring a whopping 2000x bonus payout.

The most popular game theme on the DoubleDown Casino app since its launch last year, Wheel of Fortune is inspired by the classic slot machine loved by players around the world. In this, the fourth Wheel of Fortune theme to launch on the DoubleDown Casino app, players experience a 3-reel, 5-pay line configuration reminiscent of the classic “stepper” style slot machines. With every spin, Wheel of Fortune Double Times Pay 3x4x5x game has potential to hit the Wheel Bonus, which lets players spin the Wheel to win up to 2000x the value of their virtual wagers.

International Game Technology PLC develops software and hardware solutions for gaming, lottery, interactive, and social sectors through retail, Web, and mobile channels in North America and Europe. It provides online lottery transaction processing systems; a suite of lottery-enabled point of sale terminals; supplies instant ticket games; operates press; and provides instant ticket marketing plans, graphic design, programming, production, packaging, and shipping and delivery services.

USA Truck, Inc. (NASDAQ:USAK)’s shares dropped -5.72% to $23.24.

USA Truck, Inc. (USAK) declared a public secondary offering of its common stock by Baker Street Capital, LLC and Stone House Capital Administration, LLC, and certain of their associates (the “Selling Stockholders”).

The Selling Stockholders are offering for sale to the public 1,739,131 shares of the Company’s common stock and up to an additional 260,869 additional shares of the Company’s common stock at the same price per share if the underwriters exercise their 30-day option to purchase additional shares. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be accomplished.

USA Truck, Inc. operates as a truckload carrier that provides general commodities transportation services in the United States, Mexico, and Canada. The company transports full dry van trailer loads of freight from origin to destination.

At the end of Wednesday’s trade, Universal Business Payment Solutions Acquisition Corp (NASDAQ:JTPY)‘s shares dipped -5.70% to $2.81.

Universal Business Payment Solutions Acquisition Corp (JTPY) declared financial results for the first quarter of 2015.

Financial Highlights

  • Revenues raised 32.7%, or $2.7 million, to $10.84 million for the quarter ended March 31, 2015 from $8.17 million for the same period in 2014.
  • Revenues within our Payment Processing Segment raised $2.5 million, or 54.0%, to $7.1 million in the first quarter of 2015 from the same period in 2014.
  • Gross profit raised 26.1% to $4.4 million, or 40.5% of revenues, for the quarter ended March 31, 2015, up from $3.5 million for the same period in 2014.
  • Earnings before Interest, Taxes, Depreciation, and Amortization (“EBITDA”) were $1.0 million and $706,000 for the first quarter of 2015 and 2014, respectively. EBITDA, adjusted for non-recurring and non-cash items, (“adjusted EBITDA”) — (see Non-GAAP Financial Measures definition and reconciliation of operating income to EBITDA and adjusted EBITDA below), was $1.3 million, or 12.1% of revenues, as contrast to $975,000, or 11.9% of revenues, for the same period in 2014. The enhance in adjusted EBITDA in the first quarter of 2015 vs. 2014 was directly related to the Company’s raised revenues, particularly in the Payment Processing Segment.
  • Net loss before accretion of convertible preferred stock was reduced from $(1.4) million for the quarter ended March 31, 2014 to $(220,000) in the first quarter of 2015.

JetPay Corporation provides debit and credit card processing, payroll, and card services to businesses and their employees in the United States. The company operates through two segments, JetPay Payment Processing and JetPay Payroll. It offers debit and credit processing and ACH payment services to businesses, who processes Internet transactions and recurring billings; and payroll, tax filing, and related services to small and medium-sized employers.

Gladstone Land Corp (NASDAQ:LAND), ended its Wednesday’s trading session with -5.75% loss, and closed at $11.15.

Gladstone Land Corp (LAND) declared that it plans to sell about 1,100,000 shares of its common stock in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase about 165,000 additional shares of common stock to cover over-allotments, if any. Janney Montgomery Scott LLC, Oppenheimer & Co. Inc., JMP Securities LLC and Ladenburg Thalmann & Co. Inc., are serving as the joint book running managers for the offering. Maxim Group LLC and J.J.B. Hilliard, W.L. Lyons, LLC are serving as co-managers.

The Company intends to use the net proceeds from this offering to repay existing indebtedness, fund pending and future property acquisitions and for other general corporate purposes.

A registration statement regardingthese securities has been filed with the U.S. Securities and Exchange Commission (the “SEC”), but has not yet become effective. The securities may not be sold nor may offers to buy be accepted preceding to the time the registration statement becomes Gladstone Land Corporation, an externally-managed agricultural real estate investment trust, owns and leases farmland to corporate and independent farmers in the United States..

Gladstone Land Corporation, an externally-managed agricultural real estate investment trust, owns and leases farmland to corporate and independent farmers in the United States.

DISCLAIMER:

This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.

Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.




Leave a Reply

Your email address will not be published. Required fields are marked *