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Monday 24 August 2015
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Active Movements: KBR, Inc. (NYSE:KBR), RCS Capital Corp (NYSE:RCAP), New York Mortgage Trust Inc (NASDAQ:NYMT), SanDisk Corporation (NASDAQ:SNDK)

On Friday, Shares of KBR, Inc. (NYSE:KBR), lost -2.92% to $18.28.

KBR, declared it has surpassed 3 million work hours without a Days Away from Work Incident at the Dyno Nobel ammonia plant construction site in Waggaman, Louisiana. Although this is not the first such achievement for KBR, the logistical and plan challenges associated with this particular project make it a noteworthy milestone demonstrating our commitment to Zero Harm to people, property and the environment.

“KBR fosters an interdependent safety culture in which all employees are predictable to make safety conscious decisions that are governed by personal values,” said Nick Anagnostou, KBR Vice President of Health, Safety, Security and the Environment. “Everyone truly realizes that an injury incident is not a statistic but rather a person who has been negatively affected.”

KBR, Inc. operates as an engineering, construction, and services company worldwide. The company operates through three segments: Technology & Consulting, Engineering & Construction, and Government Services.

Shares of RCS Capital Corp (NYSE:RCAP), declined -5.88% to $4.00, during its last trading session.

RCS Capital Corporation Declares Noteworthy Planned Transactions and Initiatives; Reports Second Quarter 2015 Operating Results.

Second Quarter Results:

  • Adjusted Net Income of $16.2 Million, or $0.17 per Fully Diluted Share for the Second Quarter
  • Adjusted EBITDA of $26.9 Million for the Second Quarter
  • Retail Adjusted EBITDA of $26.5 Million
  • Investment Banking / Capital Markets Adjusted EBITDA of $10.7 Million
  • Assets Under Administration (“AUA”) of $238.7 Billion; up 11.4% from Preceding Year1
  • 9,505 Total Advisors at the End of the Second Quarter
  • 5% Annualized Advisor Retention2
  • 267 Advisors Recruited in the Second Quarter Representing $33.1 Million in Gross Annualized GDC; Net Annualized GDC up $21.5 Million in the Second Quarter

RCS Capital Corporation, declared a series of planned transactions and initiatives designed to enhance shareholder value. In addition, RCS Capital declared its operating results for the three months ended June 30, 2015.

RCS Capital Corporation engages in the independent retail advice, wholesale distribution, investment banking, capital markets, investment administration, and investment research businesses.

At the end of Friday’s trade, Shares of New York Mortgage Trust Inc (NASDAQ:NYMT), lost -0.42% to $7.07.

New York Mortgage Trust, stated results for the quarter ended June 30, 2015.

Summary of Second Quarter 2015:

  • Net income attributable to common stockholders of $21.5 million, or $0.20 per share.
  • Net interest income of $20.3 million and net interest margin of 391 basis points.
  • Issued and sold 1,413,757 shares of its common stock at an average price of $7.79 per share under its at-the-market offering programs, resulting in net proceeds to the Company of about $10.8 million.
  • Issued 3,600,000 shares of 7.875% Series C Cumulative Redeemable Preferred Stock for total net proceeds of $86.9 million.
  • Accomplished the sale of CLOs realizing a gain of about $3.2 million.
  • Sold or refinanced distressed residential mortgage loans with a carrying value of about $16.6 million for aggregate proceeds of about $20.2 million, which resulted in a net realized gain, before income taxes, of about $3.6 million.
  • Book value per common share of $6.82 at June 30, 2015 as contrast to $7.03 at March 31, 2015 and $7.07 per common share at December 31, 2014.
  • Declared second quarter dividend of $0.27 per common share that was paid on July 27, 2015, marking the thirteenth successive quarter at this level.

New York Mortgage Trust, Inc., a real estate investment trust (REIT), engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the United States.

Finally, SanDisk Corporation (NASDAQ:SNDK), ended its last trade with 0.81% gain, and closed at $59.41.

SanDisk Corporation declared that Judy Bruner, executive vice president, administration and chief financial officer, will address the investment community attending the 17th Annual Pacific Crest Global Technology Leadership Forum on Monday, August 10th at 3:00 p.m. MDT.

The session will be webcast and can be accessed live from the SanDisk Investor Relations website at www.sandisk.com/IR. A replay of the webcast will also be accessible.

SanDisk Corporation designs, develops, manufactures, and markets data storage solutions in the United States and internationally. The company offers removable cards, which are used in various applications and consumer devices, counting digital cameras, camcorders, smartphones, tablets, and eReaders under the SanDisk Ultra, SanDisk Extreme, and SanDisk Extreme PRO brands; and embedded products that are used in mobile phones, tablets, notebooks, and other portable and wearable devices, in addition to in automotive and connected home applications under the brand name iNAND.

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