Day: November 3, 2015

Revance Therapeutics Announces Pricing of Public Offering of Common Stock

NEWARK, Calif., Nov. 4, 2015 (GLOBE NEWSWIRE) — Revance Therapeutics, Inc. (Nasdaq:RVNC) today announced the pricing of its underwritten public offering of 3,250,000 shares of its common stock at a price to the public of $36.00 per share. Revance also granted the underwriters a 30-day option to acquire an additional 487,500 shares from Revance. The offering is expected to close on November 9, 2015, subject to customary closing conditions. Cowen and Company, LLC, Piper Jaffray & Co., and Guggenheim Securities, LLC are acting as book-running managers for the proposed offering, with William Blair & Company, L.L.C., and SunTrust Robinson Humphrey,

Kimball Electronics Announces Grand Opening of New Operation in Romania

JASPER, Ind., Nov. 03, 2015 (GLOBE NEWSWIRE) — Kimball Electronics (Nasdaq:KE) announced today the ribbon-cutting and grand opening of a new operation in Romania. “We are very excited to be making this investment in Romania,” stated Janusz Kasprzyk, Vice President of European Operations. “The new facility in Romania will be an excellent complement to our existing operation in Poland and will provide our customers with additional manufacturing options within Europe.” A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/080189ff-ffcc-49a5-8ce9-d01b2c074547 The location of the new facility is in Olympia Park, Remetea Mare, near the Timisoara airport. The site includes a 6,150

MarketAxess Announces Monthly Volume Statistics for October 2015

NEW YORK, Nov. 03, 2015 (GLOBE NEWSWIRE) — MarketAxess Holdings Inc. (Nasdaq:MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced total monthly trading volume for October 2015 of $85.7 billion, consisting of $47.9 billion in U.S. high-grade volume, $32.4 billion in other credit volume, and $5.4 billion in liquid products volume. MarketAxess is providing both the reported and adjusted estimated U.S. high-grade TRACE volumes on its website. The Company believes that the adjusted estimated volumes provide a more accurate comparison to

Announcement Regarding COPsync Stock Trading

Dallas, Nov. 3, 2015 (GLOBE NEWSWIRE) — On November 3, 2015, trading in the common stock of COPsync, Inc. on the OTCQB marketplace under the trading symbol “COYND” was halted due to an administrative error that caused the Company’s common stock to prematurely be listed on The NASDAQ Capital Market.  The Company expects trading in its common stock to resume on the OTCQB under the symbol “COYND” at the open of the market on Wednesday November 4, 2015.  The Company’s common stock will continue to trade on the OTCQB until the pricing of the Company’s underwritten public offering as described

Lincoln Educational Services Corporation Launches Plan to Streamline Business and Focus Operations on Transportation & Skilled Trades Segment

WEST ORANGE, N.J., Nov. 03, 2015 (GLOBE NEWSWIRE) — Lincoln Educational Services Corporation (Nasdaq:LINC) today announced that the Board of Directors has approved a plan to divest its Healthcare and Other Professions business segment. Implementation of the plan will streamline Lincoln’s operations to focus solely on the Transportation and Skilled Trades segment which is attracting a growing number of corporate partners including Audi, BMW, Fiat/Chrysler, AutoNation and Hendrick Automotive. Due to the Board’s decision to divest the Healthcare and Other Professions business segment, this segment is expected to be classified as discontinued operations beginning in the fourth quarter of 2015. The

National Research Corporation Announces Third Quarter 2015 Results

LINCOLN, Neb., Nov. 03, 2015 (GLOBE NEWSWIRE) — National Research Corporation (NASDAQ:NRCIA) (NASDAQ:NRCIB) today announced results for the third quarter of 2015. Net New Sales $5.9 million Total Contract Value $109.3 million Revenue up 7% to $25.2 million Net Income of $4.1 million Remarking on Company performance, Michael D. Hays, chief executive officer of National Research Corporation said, “The market continues to validate the uniqueness of our product offerings accelerating our goal of distancing ourselves from traditional competitors. In addition to product investments, we are aggressively investing in talent, a great example of which being the recent promotion of Steve

Lydall Announces Financial Results for the Third Quarter Ended September 30, 2015

  Adjusted EPS of $0.59 per share, up 44% from adjusted Q3 2014 EPS Sales of $131.2 million, with organic sales growth of 5.9% Gross margin of 24.1%, up 280 basis points Operating margin of 11.3%, up 330 basis points versus adjusted Q3 2014 MANCHESTER, Conn., Nov. 03, 2015 (GLOBE NEWSWIRE) — Lydall, Inc. (NYSE:LDL) today announced financial results for the third quarter ended September 30, 2015. Net sales were $131.2 million compared to $134.2 million in the third quarter of 2014.  Organic sales growth of 5.9% was offset by unfavorable foreign currency translation and the divestiture of a non-core

Black Hills Corp. Reports Third Quarter 2015 Results and Provides 2016 Earnings Guidance

Adjusted EPS of $0.64 per share, a 5 percent increase compared to prior-year period 2016 adjusted EPS guidance in range of $3.15 to $3.35 per share (excluding acquisition of SourceGas)  SourceGas regulatory approval and integration processes on track Electric Utilities delivered strong operational and financial results Applications seeking approval for utility cost of service gas program filed Company initiated process to explore potential sale of Colorado IPP assets RAPID CITY, S.D., Nov. 03, 2015 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE:BKH) today announced third-quarter 2015 financial results. Net income, as adjusted, was $29 million, or $0.64 per diluted share compared

FTAI Announces Third Quarter 2015 Results and Dividend of $0.33 Per Common Share

NEW YORK, Nov. 03, 2015 (GLOBE NEWSWIRE) — Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company”) today reported financial results for the period ended September 30, 2015. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release. Financial Overview ($ in 000s, except per share data) Selected Financial Results(1) Q3’15 Funds Available for Distribution (“FAD”) $   15,884     Adjusted Net Income $   1,858     Adjusted Net Income per Share $   0.02     Adjusted EBITDA $   32,619         Net Income (Loss)

Select Bancorp Receives Regulatory Approvals to Purchase Two Yadkin Branches

DUNN, N.C., Nov. 03, 2015 (GLOBE NEWSWIRE) — Select Bancorp, Inc. (the “Company”) (NASDAQ:SLCT), the holding company for Select Bank & Trust, today announced receipt of regulatory approval from both the Federal Deposit Insurance Corporation (FDIC) and the North Carolina State Banking Commission for the acquisition of two branches of Yadkin Bank located in Morehead City and Leland, N.C.   Terms of the agreement provide for Select Bank to acquire all the real property, equipment, and other selected assets associated with Yadkin Bank’s Morehead City and Leland branches, both located in North Carolina. Select Bank also agreed to assume the

Supernus Announces Third Quarter 2015 Financial Results and Raises 2015 Guidance

Third quarter product prescriptions totaled 102,831, representing a 78.0% increase over the same quarter last year and a 12.6% increase over the second quarter of 2015.   Net product sales for the third quarter of 2015 were $38.6 million, representing a 71.7% increase over the same quarter last year and a 12.5% increase over the second quarter of 2015.   Operating income for the third quarter of 2015 was $4.3 million, compared to an operating loss of $(0.8) million in the same quarter last year, which excludes the impact of a $30 million royalty monetization transaction.   The Company initiated

Select Bancorp Reports Third Quarter 2015 Earnings

DUNN, N.C., Nov. 03, 2015 (GLOBE NEWSWIRE) — Select Bancorp, Inc. (the “Company”)  (NASDAQ:SLCT), the holding company for Select Bank & Trust, today reported net income of $1.4 million for the quarter ended September 30, 2015, and basic and diluted earnings per share of $0.12, compared to net income of $194,000 and basic and diluted earnings per share of $0.02 for the third quarter of 2014.   Total assets, deposits, and total loans for the Company as of September 30, 2015, were $786.5 million, $619.9 million, and $598.0 million, respectively, compared to total assets of $785.0 million, total deposits of

Ormat Technologies Reports 2015 Third Quarter Results

Total Revenues increase 16.1% to a quarterly record of $162.9 million; Adjusted EBITDA increased 14.3% to a quarterly record of $79.0 million; Company Increases Full-Year 2015 Total Revenue and Adjusted EBITDA Guidance RENO, Nev., Nov. 03, 2015 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE:ORA) today announced financial results for the third quarter ended September 30, 2015. Third Quarter Highlights and Recent Developments: Total revenues increased 16.1% to a quarterly record of $162.9 million, compared to $140.2 million in the third quarter of 2014; Product segment revenues increased 73.9% to $65.6 million, compared to $37.7 million in the third quarter of 2014; Electricity

Molycorp, Inc. Files Restructuring Plan

GREENWOOD VILLAGE, Colo., Nov. 03, 2015 (GLOBE NEWSWIRE) — Molycorp, Inc. (OTC:MCPIQ) (“Molycorp” or the “Company”) and its affiliated debtors today filed a joint plan of reorganization (the “Plan”) with the U.S. Bankruptcy Court for the District of Delaware (the “Court”) that proposes an emergence from Chapter 11 through either a stand-alone reorganization that would substantially de-lever its balance sheet or a sale of substantially all of its assets.  The Plan represents a major process milestone in Molycorp’s bankruptcy process and, if approved, would position the Company to successfully emerge from Chapter 11.  The Plan is supported by the Company’s

New Orleans Based First NBC Bank Given Approval to Expand New Market Tax Credit Allocations to Six Southern States

NEW ORLEANS, Nov. 03, 2015 (GLOBE NEWSWIRE) — First NBC Bank, through its Community Development Entity, First NBC Community Development Fund, LLC, has been approved by the Community Development Financial Institutions Fund (“CDFI Fund”) to expand its operating market area for providing New Markets Tax Credit allocations to include the States of Louisiana, Arkansas, Tennessee, Mississippi, and Alabama and the Florida counties of Escambia, Santa Rosa and Okaloosa.  This expanded market area will be effective beginning with new allocations of New Markets Tax Credits in 2016 and beyond and represents an expansion into neighboring markets where First NBC Bank has

MTBC Announces Pricing of Series A Cumulative Redeemable Perpetual Preferred Stock Offering

SOMERSET, N.J., Nov. 3, 2015 (GLOBE NEWSWIRE) — MTBC (Nasdaq:MTBC), a leading provider of proprietary, web-based electronic health records, practice management and mHealth solutions, announced the pricing of its public offering of 204,000 shares of 11% Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”) at a price of $25.00 per share. In addition, MTBC has granted the underwriters a 30-day option to purchase from it an additional 30,600 shares of Series A Preferred Stock. The total gross proceeds of the offering are expected to be approximately $5.1 million, before underwriting discounts and commissions and other offering expenses.

PayPal Holdings, Inc. to Join the NASDAQ-100 Index Beginning November 11, 2015

NEW YORK, Nov. 03, 2015 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ) today announced that PayPal Holdings, Inc. (Nasdaq:PYPL), will become a component of the NASDAQ-100 Index® (Nasdaq:NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE) prior to market open on Wednesday, November 11, 2015.  PayPal Holdings, Inc. will replace Broadcom Corporation (Nasdaq:BRCM). PayPal Holdings, Inc. is headquartered in San Jose, California, and has a market capitalization of approximately $43 billion. For more information about the company, go to www.paypal.com. About Nasdaq Global Indexes Nasdaq Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and

MyoKardia Announces Closing of Initial Public Offering

SOUTH SAN FRANCISCO, Calif., Nov. 3, 2015 (GLOBE NEWSWIRE) — MyoKardia, Inc. (Nasdaq:MYOK) today announced the closing of its initial public offering of 6,253,125 shares of common stock at a public offering price of $10.00 per share, which includes the exercise in full by the underwriters of their option to purchase up to 815,625 shares of common stock. All of the shares sold in the offering were offered by MyoKardia. The shares began trading on The NASDAQ Global Select Market under the ticker symbol “MYOK” on October 29, 2015. The Company estimates net proceeds from the offering to be approximately $55.7

LGI Homes, Inc. Reports October 2015 Home Closings

THE WOODLANDS, Texas, Nov. 03, 2015 (GLOBE NEWSWIRE) — LGI Homes, Inc. (Nasdaq:LGIH) today announced 264 homes closed in October 2015, up from 241 homes closed in October 2014, representing year-over-year growth of 9.5%. In addition the Company announced 2,722 homes closed for the first ten months of 2015, a 39.9% increase over the 1,945 homes closed during the first ten months of 2014. At of the end of October 2015, the Company had 52 active selling communities compared to 37 active selling communities at the end of October 2014. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI

Hausfeld Announces Another Victory for Plaintiffs in Air Cargo Class Action

NEW YORK, Nov. 03, 2015 (GLOBE NEWSWIRE) — The U.S. Court of Appeals for the Second Circuit today sided with plaintiffs in declining to hear an interlocutory appeal of the order granting them certification of a class of direct purchasers of air cargo shipping services. Calling an immediate appeal “unwarranted,” the court’s order removed the final obstacle that stood between the plaintiffs and the trial of their claims. The trial will begin in April 2016 against Air China, Air India, Air New Zealand, and U.S. air cargo carrier Polar Air Cargo and its parent, Atlas Air Worldwide Holdings (NASDAQ:AAWW). The