On Thursday, Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK), lost -5.17% to $2.57.
Star Bulk Carriers Corp., declared that it will release its financial results for the second quarter ended June 30, 2015 before the market opens in New York on Monday, August 31, 2015. Star Bulk’s administration team will host a conference call to talk about the Company’s financial results on Monday, August 31, 2015, at 11:00 a.m. Eastern Time.
Star Bulk Carriers Corp., a shipping company, provides seaborne transportation solutions in the dry bulk sector worldwide. Its vessels transport various bulks, which comprise iron ore, coal, and grain, in addition to bauxite, fertilizers, and steel products.
Shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC), declined -1.25% to $23.63, during its last trading session.
Houghton Mifflin Harcourt has attained select eBook and technology assets of MeeGenius — an eBook subscription service for children aged up to eight years old. The acquisition marks the Company’s latest investment in high-quality digital content for parents and young learners and supports its ongoing planned focus on the direct-to-consumer market.
Accessible in both iOS and Android, the award winning MeeGenius app and subscription service offer mobile access to hundreds of classic children’s stories, MeeGenius originals, and content from authors around the world, improved with interactive digital features such as read-along word highlighting, audio playback, and engaging story narration.
Created by parents and entrepreneurs Wandy Yeap Hoh and David Park in 2010, MeeGenius transforms mobile devices into expansive digital libraries for young learners. The service is presently accessible online at meegenius.com, and via the App Store, Google Play, Amazon and the Nook Store.
Houghton Mifflin Harcourt Company provides education solutions for educational institutions and consumers worldwide. It delivers content, technology, and services to about 50 million students.
At the end of Thursday’s trade, Shares of Hudson Pacific Properties Inc (NYSE:HPP), gained 0.16% to $31.03.
Hudson Pacific Properties declared financial results for the second quarter ended June 30, 2015.
Financial Results
Funds from Operations for the three months ended June 30, 2015 totaled $68.4 million or $0.47 per diluted share, contrast to FFO (not taking into account specified items) of $19.8 million, or $0.28 per share, a year ago. The specified items for the second quarter of 2015 compriseed of acquisition-related expenses of $37.5 million, or $0.26 per diluted share. Specified items for the second quarter of 2014 comprised of costs associated with a one-year consulting arrangement with a former executive of $1.1 million, or $0.02 per diluted share, and an early lease termination payment from Fox Interactive Media, Inc. regarding the Company’s 625 Second Street property of $1.6 million, or $0.02 per diluted share (after the write-off of non-cash items). FFO, counting the specified items, totaled $30.9 million, or $0.21 per diluted share, for the three months ended June 30, 2015, contrast to $20.2 million, or $0.29 per share, a year ago.
The Company stated net loss attributable to common stockholders of $25.2 million, or $(0.28) per diluted share, for the three months ended June 30, 2015, contrast to net income attributable to common stockholders of $3.4 million or $0.05 per diluted share, for the three months ended June 30, 2014.
“We had a highly productive second quarter following closing of the EOP Northern California Portfolio acquisition, and continue to outperform our underwriting in terms of leasing activity, rental rates and concessions,” said Victor J. Coleman, Hudson’s Chairman and Chief Executive Officer. “During the quarter, we executed about 473,000 square feet of new and renewal leases, 365,000 of which were in the newly attained San Francisco Peninsula and Silicon Valley portfolio, at cash rent spreads in excess of 35.0%.”
Hudson Pacific Properties, Inc. operates as a vertically integrated real estate trust (REIT) in the United States. It engages in owning, operating, and acquiring office, and media and entertainment properties primarily in Northern and Southern California in Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley, and the East Bay.
Finally, Ares Capital Corporation (NASDAQ:ARCC), ended its last trade with -0.12% loss, and closed at $16.07.
Ares Capital Corporation declared that its Board of Directors has declared a third quarter dividend of $0.38 per share, payable on September 30, 2015 to stockholders of record as of September 15, 2015.
SECOND QUARTER 2015 OPERATING RESULTS
For the second quarter of 2015, Ares Capital stated GAAP net income of $146.5 million or $0.47 per share (basic and diluted), Core EPS(2) of $0.37 per share (basic and diluted), net investment income of $108.5 million, or $0.35 per share (basic and diluted), and net realized and unrealized gains of $38.0 million or $0.12 per share (basic and diluted).
Net income can vary substantially from period to period due to various factors, counting the level of new investment commitments, the recognition of realized gains and losses and unrealized appreciation and depreciation. As a result, quarterly comparisons of net income may not be meaningful.
As of June 30, 2015, total assets were $9.1 billion, stockholders’ equity was $5.3 billion and net asset value per share was $16.80.
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing.
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