Following U.S. Stocks were among the “Top Gainers” during Monday’s trade: Liquid Holdings Group Inc (NASDAQ:LIQD), Pinnacle Entertainment, Inc (NYSE:PNK), Green Plains Inc (NASDAQ:GPRE), Gevo, Inc (NASDAQ:GEVO)
Their insights are depicted underneath:
Liquid Holdings Group Inc (NASDAQ:LIQD)’s shares picked up 16.70%, and closed at $0.350.
Through GLOBE NEWSWIRE, Liquid Holdings Group, Inc. (LIQD), a provider of cloud-based investment administration solutions for the financial community, declared LiquidTradeSM was named Best Execution Administration System at the 2015 HFMWeek U.S. Technology Awards.
The HFMWeek U.S. Technology Awards celebrate hedge fund technology providers that have stood out over the past 12 months. The judging panel was made up of executives from U.S.-based hedge funds.
LiquidTrade SM facilitates multi-strategy, multi-currency investing for globally-listed securities in a compliant manner, while storing the full audit trail of transactions history in a custody-neutral environment for future use. The combination of pre-trade compliance and fair allocation rules, and outsourced IT, software, and end-of-day processes led to LiquidTrade SM being named Best Execution Administration System (EMS).
Liquid Holdings Group, Inc. (LIQD) is a cloud-based technology and managed services provider to the global hedge fund and active trading markets. Liquid’s solutions are delivered efficiently and securely through the cloud in a SaaS model.
Pinnacle Entertainment, Inc (NYSE:PNK), raised 15.28%, and closed at $31.61, hitting new 52-week high of $33.19.
Through GLOBE NEWSWIRE, Pinnacle Entertainment Inc. (PNK), confirmed that its Board of Directors has received an unsolicited proposal from Gaming and Leisure Properties, Inc. (GLPI) to attain Pinnacle’s real estate assets for GLPI shares as part of a taxable separation transaction.
Pinnacle’s Board of Directors and administration team are committed to acting in the best interests of all Pinnacle shareholders. Consistent with its fiduciary duties, Pinnacle’s Board, in consultation with its independent financial and legal advisors, will carefully review and evaluate GLPI’s proposal to determine the course of action that it believes is in the best interest of the Corporation and its shareholders.
As declared in November 2014, Pinnacle is pursuing a plan to separate the Corporation’s operating assets and its real estate assets into two publicly traded companies in a tax-free transaction. As formerly noted, the Corporation believes this separation will provide a lower weighted average cost of capital and an attractive financial platform to take advantage of future opportunities to create long term shareholder value within the casino gaming industry and the broader leisure and entertainment sector.
The Corporation noted that on January 16, 2015, it received from GLPI an indication of interest in pursuing a potential attainment of Pinnacle’s real estate assets. While Pinnacle’s Board did not view the projected transaction as likely to result in greater value to Pinnacle shareholders than the Corporation’s existing plan, in order to explore whether there was a path to a more attractive transaction, the Corporation indicated its willingness to engage in talk aboutions with GLPI under appropriate terms, which GLPI refused. On Friday March 6, 2015, the Corporation received an email from GLPI outlining revised projected terms for a transaction and a request for information. The Corporation advised GLPI that the Pinnacle Board would review the proposal and respond promptly, but GLPI decided not to wait for the consideration of Pinnacle’s Board.
Pinnacle Entertainment, Inc. owns and operates 15 gaming entertainment properties, located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada and Ohio. Pinnacle holds a majority interest in the racing license owner, in addition to a administration contract, for Retama Park Racetrack outside of San Antonio, Texas.
Green Plains Inc (NASDAQ:GPRE), enhanced 14.97%, and closed at $29.41.
Through GLOBE NEWSWIRE, Green Plains Inc. (GPRE), declared that its newly-formed partner, Green Plains Partners LP, has confidentially presented a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission. The registration statement is for a projected underwritten initial public offering (“IPO”) of ordinary units representing limited partner interests in the newly-formed Partnership. It is anticipated that the IPO will raise about $200-$250 million in gross proceeds; however, the date, number of ordinary units to be sold and the price range for the projected IPO have not yet been determined and are subject to a number of factors, counting market conditions.
It is predictable that the initial assets of the Partnership will comprise of Green Plains’ downstream ethanol transportation and storage assets located in 12 states throughout the Midwest and Southeast United States.
Green Plains is a diversified commodity-processing business with operations related to ethanol production, corn oil production, grain handling and storage, cattle feedlot operations, and commodity marketing and distribution services. Green Plains processes over ten million tons of corn annually, producing about one billion gallons of ethanol, three million tons of livestock feed and 250 million pounds of industrial grade corn oil at full capacity. Green Plains also is a partner in a joint venture to commercialize advanced technologies for growing and harvesting algal biomass.
Gevo, Inc (NASDAQ:GEVO), rose 12.49%, and closed at $0.280.
Through GLOBE NEWSWIRE, Gevo, Inc. (GEVO), declared that the National Aeronautics and Space Administration (NASA) has purchased Gevo’s renewable Alcohol-to-Jet fuel (ATJ) for aviation use at the NASA Glenn Research Center in Cleveland, OH. Gevo’s ATJ is manufactured at its demonstration biorefinery located in Silsbee, TX, using renewable isobutanol produced at its Luverne, MN, isobutanol plant. The biorefinery, where Gevo also produces bio-paraxylene and bio-isooctane, is operated in conjunction with South Hampton Resources.
Since its founding, NASA has been dedicated to the advancement of aeronautics and space technologies. Over the past several years, NASA has been studying the effects of alternate biofuels on engine performance, emissions and aircraft-generated contrails at altitudes typically flown by commercial airliners. Results from recent tests showed that a blend of renewable jet fuel and standard jet fuel significantly reduced emissions, as contrast to using standard jet fuel alone, while not affecting flight operations.
Gevo, Inc., a renewable chemicals and biofuels corporation, focuses primarily on the production and sale of isobutanol and related products from renewable feedstocks.
