On Monday, TrovaGene Inc (NASDAQ:TROV)’s shares declined -3.18% to $8.52.
Trovagene, Inc. (TROV), a developer of cell-free molecular diagnostics, recently declared the pricing of an underwritten public offering of 4,000,000 shares of its common stock. The gross proceeds to Trovagene from this offering are predictable to be $35 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Trovagene. The offering is predictable to close on or about July 22, 2015, subject to customary closing conditions. Trovagene has also granted to the underwriters a 30-day option to purchase from it up to an additional 600,000 shares of its common stock.
Trovagene intends to use the net proceeds from this offering to fund its research and development activities and for working capital and other general corporate purposes.
Piper Jaffray & Co. and Leerink Partners LLC are acting as joint book-running managers for the offering. Janney Montgomery Scott LLC, Cantor Fitzgerald & Co. and Maxim Group LLC are acting as co-managers for the offering.
Trovagene, Inc., a molecular diagnostic company, focuses on the development and commercialization of proprietary urine-based cell-free molecular diagnostic technology for use in disease detection and monitoring across various medical disciplines. The company intends to enhance the treatment outcomes for cancer patients through its proprietary technology to detect and quantitatively monitor cell-free DNA using urine or blood samples. It is developing PCM BRAF and KRAS mutation detection tests for detecting mutations in metastatic cancer patients; and HPV HR detection test to detect the presence of various HPV genotypes using a urine sample.
Darden Restaurants, Inc. (NYSE:DRI)’s shares dropped -1.04% to $72.31.
Darden Restaurants, Inc. (DRI) declared that Todd Burrowes has been named President of LongHorn Steakhouse, effective July 28, 2015. Burrowes is rejoining the brand after spending the last two years as President, Ruby Tuesday Concept and Chief Operations Officer of Ruby Tuesday, Inc. Formerly, Burrowes spent more than 10 years in operations leadership roles at LongHorn. He will report to Darden CEO Gene Lee.
Burrowes is a seasoned restaurant operator with more than 25 years of experience. During his preceding stint at LongHorn, Burrowes spent about 10 years in key leadership positions counting Executive Vice President of Operations, Senior Vice President of Operations and Regional Director of Operations. Preceding to his tenure with LongHorn Steakhouse, Burrowes served as Regional Director of Operations for Corner Bakery Cafe and Vice President of Operations for Saltgrass Steak House.
Darden Restaurants, Inc. owns and operates full service restaurants in the United States and Canada. It operates restaurants under the Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s, and Yard House brand names. As of June 23, 2015, it owned and operated about 1,500 restaurants. The company was founded in 1968 and is headquartered in Orlando, Florida.
At the end of Monday’s trade, CARBO Ceramics Inc. (NYSE:CRR)‘s shares dipped -4.07% to $32.02.
CARBO Ceramics Inc. (CRR) declared that its Board of Directors has approved the payment of a dividend on August 17, 2015 of $0.10 per share to shareholders of record on August 3, 2015.
CARBO Ceramics Inc., an oilfield services technology company, manufactures and sells ceramic proppants, resin-coated ceramic, and resin-coated sand proppants for use in the hydraulic fracturing of natural gas and oil wells in the United States and internationally. The company offers ceramic proppants, counting CARBOHSP and CARBOPROP designed for use in deep gas wells; CARBOLITE used in medium depth oil and gas wells; CARBOECONOPROP; CARBOHYDROPROP to enhance performance in slickwater fracture treatments; and CARBOBOND LITE, a resin-coated ceramic for oil and natural gas wells that are subject to the risk of proppant flow-back.
Texas Capital Bancshares Inc (NASDAQ:TCBI), ended its Monday’s trading session with -2.04% loss, and closed at $57.66.
Texas Capital Bancshares, Inc. (TCBI), the parent company of Texas Capital Bank, declared earnings and operating results for the second quarter of 2015.
DETAILED FINANCIALS
Texas Capital Bancshares, Inc. stated net income of $37.9 million and net income accessible to common stockholders of $35.5 million for the quarter ended June 30, 2015 contrast to net income of $33.4 million and net income accessible to common stockholders of $31.0 million for the same period in 2014. On a fully diluted basis, earnings per common share were $.76 for the quarter ended June 30, 2015 contrast to $.71 for the same period of 2014.
Return on average common equity (“ROE”) was 10.32 percent and return on average assets (“ROA”) was .83 percent for the second quarter of 2015, contrast to 11.38 percent and 1.08 percent, respectively, for the second quarter of 2014. The ROE decrease resulted from the 23 percent year-over-year enhance in average common equity, reflecting the impact of the common stock offering accomplished in the fourth quarter of 2014. The ROA decrease resulted from a combination of reduced yields on loans and a $2.1 billion enhance in average liquidity assets, which comprise Federal funds sold and deposits in other banks, from the second quarter of 2014 to the second quarter of 2015.
Texas Capital Bancshares, Inc. operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs in Texas. It offers commercial checking accounts, lockbox accounts, cash concentration accounts, and other treasury administration services, counting an on-line system; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.
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