On Tuesday, Shares of Ashford Hospitality Prime, Inc. (NYSE:AHP), gained 3.34% to $14.87.
Ashford Hospitality Prime, Inc. (AHP) (“Ashford Prime” or the “Company”) recently declared details for the release of its results for the third quarter ended September 30, 2015.
Ashford Prime plans to issue its earnings release for the third quarter after the market closes on Wednesday, November 4, 2015, and will host a conference call on Thursday, November 5, 2015, at 11:00 a.m. ET. The number to call for this interactive teleconference is (785) 424-1666. A replay of the conference call will be available through Thursday, November 12, 2015, by dialing (719) 457-0820 and entering the confirmation number, 153611.
Ashford Hospitality Prime, Inc. (NYSE:AHP.WI) operates independently of Ashford Hospitality Trust, Inc. as of November 19, 2013.
Shares of NN, Inc. (NASDAQ:NNBR), declined -6.57% to $18.06, during its last trading session.
NN, declared that it intends to offer, subject to market and other conditions, $300.0 million aggregate principal amount of Senior Notes due 2023 (the “Notes”) in a private placement.
NN intends to use the net proceeds of the Notes offering to fund, in part, the projected acquisition (the “Acquisition”) of Precision Engineered Products Holdings, Inc. (“PEP”) declared on August 17, 2015, to repay certain existing indebtedness of NN and to pay related fees and expenses. The issuance of the Notes is conditioned upon the consummation of the Acquisition. The Notes will be guaranteed by each existing direct and indirect domestic restricted partner of NN (not taking into account immaterial auxiliaries), counting PEP and each of its domestic restricted auxiliaries (not taking into account immaterial auxiliaries), and by each future domestic partner of NN that guarantees the obligations under any credit facility of NN.
The Notes are being offered only to qualified institutional buyers inside the United States following Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States following Regulation S under the Securities Act.
NN, Inc. manufactures and sells metal bearing, plastic and rubber, and precision metal components for bearing, automotive, and industrial parts manufacturers worldwide. The company’s Metal Bearing Components segment manufactures and supplies precision steel balls that are used primarily by manufacturers of anti-friction bearings; steel rollers, counting tapered rollers used in automotive gearbox applications, automotive wheel bearings, and various industrial applications; cylindrical rollers; and precision metal retainers for roller bearings that are used in various industrial applications.
At the end of Tuesday’s trade, Shares of Orchid Island Capital Inc (NYSE:ORC), gained 1.44% to $9.86.
Orc (STO:ORC), a global leader in trading technology, recently declared that Levante Capital has selected Orc for connectivity to Nasdaq Futures, Inc. (NFX), a derivatives exchange for energy and power contracts.
Levante Capital is a proprietary trading group active in energy derivatives, counting crude oil and natural gas. Leveraging Orc’s Trading Bricks solution for market making, Levante is expanding their Orc connectivity to realize new opportunities on NFX. Levante will specifically trade the WTI Crude Oil and Natural Gas options markets.
“Orc is the best and most efficient solution for trading in the energy markets,” said George Clayton, member at Levante Capital. “Orc’s Trading Bricks solution provides us with the tools necessary to keep our competitive edge and adapt to market changes.”
Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company’s RMBS are backed primarily by single-family residential mortgage loans, referred as Agency RMBS.
Finally, Hanger Inc (NYSE:HGR), ended its last trade with -1.30% loss, and closed at $13.67.
Hanger, declared that the New York Stock Exchange (the “NYSE”) notified the Company that it accepted the Company’s plan to regain compliance with the continued listing requirements of the NYSE.
On March 18, 2015, the Company received notice from the NYSE indicating that the Company does not satisfy the NYSE’s continued listing requirements under the timely filing criteria outlined in Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. The Company presented a plan of compliance to the NYSE on September 9, 2015. On September 18, 2015, the NYSE notified the Company that it accepted the Company’s plan of compliance and granted the Company an extension until March 19, 2016 to regain compliance with the NYSE’s continued listing standards. The Company will be subject to reassessment by the NYSE during the extension period. Failure to make progress compriseent with the plan could result in accelerated trading suspension preceding to March 19, 2016, and if the Company does not complete its late filings by March 19, 2016 the NYSE will move forward with the initiation of suspension and delisting procedures.
Hanger, Inc. provides orthotic and prosthetic (O&P) patient care services, distributes O&P devices and components, manages O&P networks, and offers therapeutic solutions in the United States. It operates in two segments, Patient Care, and Products & Services.
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.