Latest news with #SecuritiesAndExchangeCommission
Yahoo
18 hours ago
- Business
- Yahoo
Why Etsy (ETSY) Stock Is Trading Up Today
What Happened? Shares of online marketplace Etsy (NASDAQ:ETSY) jumped 3.1% in the morning session after the company's latest 13F filing revealed a significant increase in ownership by an institutional investor. Cerity Partners LLC boosted its stake in the specialty e-commerce retailer by over 211%, purchasing an additional 64,279 shares during the first quarter, according to a filing with the Securities and Exchange Commission made public today. This purchase brought the firm's total holdings to 94,691 shares, valued at approximately $4.47 million. Such a substantial increase in a position by an institutional investor was seen as a vote of confidence in the company's future prospects, despite recent headwinds from a competitive e-commerce landscape and pressures on consumer discretionary spending., The move came even as analysts held a mixed "Hold" consensus rating on the stock. After the initial pop the shares cooled down to $59.17, up 2% from previous close. Is now the time to buy Etsy? Access our full analysis report here, it's free. What Is The Market Telling Us Etsy's shares are quite volatile and have had 18 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 9 months ago when the stock gained 11.8% on the news that the company reported impressive third-quarter earnings, which beat analysts' revenue, EBITDA, and EPS expectations. The result highlighted the ability to balance growth and profitability despite the observed pressure on Etsy marketplace year-over-year GMS (gross marchandise sales),. Overall, this was a good quarter. Etsy is up 11.4% since the beginning of the year, but at $59.17 per share, it is still trading 9.2% below its 52-week high of $65.14 from July 2024. Investors who bought $1,000 worth of Etsy's shares 5 years ago would now be looking at an investment worth $554.60. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Globe and Mail
21 hours ago
- Business
- Globe and Mail
Beneficient Receives Nasdaq Listing Determination
DALLAS, July 18, 2025 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) (the 'Company'), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess, today announced that on July 16, 2025, the Company was notified by The Nasdaq Stock Market LLC ('Nasdaq') that, due to its continued non-compliance with the minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) and the delay in the filing of the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2025 with the Securities and Exchange Commission, in contravention of Nasdaq's periodic reporting requirement set forth in Nasdaq Listing Rule 5250(c)(1), the Company's securities were subject to delisting unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the 'Panel'). The Company plans to timely request a hearing and a stay of any suspension action by Nasdaq at least pending the ultimate outcome of the hearing process and the expiration of any extension period that may be granted to the Company following the hearing. At the hearing, the Company will present its plan to evidence compliance with all applicable criteria for continued listing on The Nasdaq Capital Market and request an extension of time to do so. While the Company is taking definitive steps to evidence compliance with the applicable listing criteria as soon as practicable, there can be no assurance that the Panel will grant the Company's request for continued listing on Nasdaq. About Beneficient Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds− with solutions that could help them unlock the value in their alternative assets. Ben's AltQuote ® tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess ® portal to explore opportunities and receive proposals in a secure online environment. Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas' Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner. For more information, visit or follow us on LinkedIn. Contacts Forward Looking Statements This press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the listing and trading of the Company's securities on Nasdaq, the Company's intention to request a hearing from the Nasdaq hearing panel and the Company's intention to regain compliance with the Nasdaq Listing Rules. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intends,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'would' and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management's beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Important factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others, our plans to appeal Nasdaq's delisting determination; the outcome of any hearing we might request; our ability to cure any deficiencies in compliance with the Nasdaq Listing Rules; risks related to the substantial costs and diversion of management's attention and resources due to these matters and the risks, uncertainties, and factors set forth under 'Risk Factors' in the Company's most recent Annual Report on Form 10-K and its subsequently filed Quarterly Reports on Form 10-Q and the risks and uncertainties contained in the Company's Current Reports on Form 8-K. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Yahoo
a day ago
- Business
- Yahoo
Beneficient Receives Nasdaq Listing Determination
Will Request Hearing DALLAS, July 18, 2025 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) (the 'Company'), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess, today announced that on July 16, 2025, the Company was notified by The Nasdaq Stock Market LLC ('Nasdaq') that, due to its continued non-compliance with the minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) and the delay in the filing of the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2025 with the Securities and Exchange Commission, in contravention of Nasdaq's periodic reporting requirement set forth in Nasdaq Listing Rule 5250(c)(1), the Company's securities were subject to delisting unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the 'Panel'). The Company plans to timely request a hearing and a stay of any suspension action by Nasdaq at least pending the ultimate outcome of the hearing process and the expiration of any extension period that may be granted to the Company following the hearing. At the hearing, the Company will present its plan to evidence compliance with all applicable criteria for continued listing on The Nasdaq Capital Market and request an extension of time to do so. While the Company is taking definitive steps to evidence compliance with the applicable listing criteria as soon as practicable, there can be no assurance that the Panel will grant the Company's request for continued listing on Nasdaq. About Beneficient Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds− with solutions that could help them unlock the value in their alternative assets. Ben's AltQuote® tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment. Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas' Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner. For more information, visit or follow us on LinkedIn. Contacts Matt Kreps: 214-597-8200, mkreps@ Wetherington: 214-284-1199, mwetherington@ Relations: investors@ Forward Looking Statements This press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the listing and trading of the Company's securities on Nasdaq, the Company's intention to request a hearing from the Nasdaq hearing panel and the Company's intention to regain compliance with the Nasdaq Listing Rules. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intends,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'would' and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management's beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Important factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others, our plans to appeal Nasdaq's delisting determination; the outcome of any hearing we might request; our ability to cure any deficiencies in compliance with the Nasdaq Listing Rules; risks related to the substantial costs and diversion of management's attention and resources due to these matters and the risks, uncertainties, and factors set forth under 'Risk Factors' in the Company's most recent Annual Report on Form 10-K and its subsequently filed Quarterly Reports on Form 10-Q and the risks and uncertainties contained in the Company's Current Reports on Form 8-K. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
a day ago
- Business
- Globe and Mail
Invesco shares reach 2-year high after filing to reclassify $360 billion ETF
Shares of Invesco jumped more than 14 per cent on Friday, hitting their highest level in more than two years after the investment manager filed paperwork to reclassify its popular QQQ exchange-traded fund into a management company. An Invesco subsidiary, Invesco Capital Management, filed paperwork with the Securities and Exchange Commission, seeking permission from QQQ beneficial owners to operate the ETF as a management company, according to a statement on Friday. That subsidiary will be appointed as QQQ's investment adviser should the proposal be approved, and its management fee will fall to 0.18 per cent from 0.20 per cent. Invesco could not be reached for further comment. Invesco's shares rose as high as US$19.87, its highest since February 2023. It is on track for the biggest daily percentage gain since November 2022. Bryan Armour, ETF analyst at Morningstar, told Reuters that the change in QQQ's management structure will allow Invesco to retain more cash for other purposes beyond marketing the fund, as mandated by its prospectus. 'This change would give them the opportunity to keep some of that cash for themselves instead of being obliged to sponsor so many things,' Armour said. With a market capitalization of about US$360 billion, QQQ is one of the largest U.S.-listed ETFs and is also among the most actively traded. It closely tracks the Nasdaq 100 index, which includes some of the biggest technology companies. It is up about 14 per cent year-to-date compared with a nearly 10 per cent gain in the Nasdaq 100 in the same period.
Reuters
a day ago
- Business
- Reuters
Invesco shares reach 2-year high after filing to reclassify $360 billion ETF
NEW YORK, July 18 (Reuters) - Shares of Invesco (IVZ.N), opens new tab jumped more than 14% on Friday, hitting their highest level in more than two years after the investment manager filed paperwork to reclassify its popular QQQ exchange-traded fund (QQQ.O), opens new tab into a management company. An Invesco subsidiary, Invesco Capital Management, filed paperwork with the Securities and Exchange Commission, seeking permission from QQQ beneficial owners to operate the ETF as a management company, according to a statement on Friday. That subsidiary will be appointed as QQQ's investment adviser should the proposal be approved, and its management fee will fall to 0.18% from 0.20%. Invesco could not be reached for further comment. Invesco's shares rose as high as $19.87, its highest since February 2023. It is on track for the biggest daily percentage gain since November 2022. Bryan Armour, ETF analyst at Morningstar, told Reuters that the change in QQQ's management structure will allow Invesco to retain more cash for other purposes beyond marketing the fund, as mandated by its prospectus. 'This change would give them the opportunity to keep some of that cash for themselves instead of being obliged to sponsor so many things,' Armour said. With a market capitalization of about $360 billion, QQQ is one of the largest U.S.-listed ETFs and is also among the most actively traded. It closely tracks the Nasdaq 100 index (.NDX), opens new tab, which includes some of the biggest technology companies. It is up about 14% year-to-date compared with a nearly 10% gain in the Nasdaq 100 in the same period.
