Asset Sale, Recognitions, and Financial Results- Analyst Notes on CBL, Banc of California, Financial Engines, Och-Ziff and Glimcher Realty Trust
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NEW YORK, May 21, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding CBL & Associates Properties Inc. (NYSE: CBL), Banc of California Inc. (NASDAQ: BANC), Financial Engines, Inc. (NASDAQ: FNGN), Och-Ziff Capital Management Group LLC (NYSE: OZM) and Glimcher Realty Trust (NYSE: GRT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2733-100free.
CBL & Associates Properties Inc. Analyst Notes
On May 8, 2014, CBL & Associates Properties Inc. (CBL) announced that it has closed on the sale of Lakeshore Mall. According to the Company, the Lakeshore Mall, located in Sebring, FL, was sold to a private buyer for $14.0 million. CBL President and CEO, Stephen Lebovitz, stated, "We are pleased to advance our strategic objective of selling lower productivity malls with the disposition of Lakeshore Mall." Lebovitz added, "We are also achieving progress with our additional disposition efforts and look forward to making announcements over the coming months." The full analyst notes on CBL are available to download free of charge at:
http://www.analystsreview.com/2733-CBL-21May2014.pdf
Banc of California Inc. Analyst Notes
On May 7, 2014, Banc of California Inc. (Banc of California), formerly First Pactrust Bancorp Inc., reported that the Company's wholly owned national bank subsidiary, Banc of California, N.A., has been named Community Partner of the Year by the Los Angeles Conservation Corps in its Spring Luncheon Celebration. According to the Company, former Los Angeles Mayor Antonio Villaraigosa accepted the honor on behalf of the Bank, being a longtime supporter of the Los Angeles Conservation Corps and Senior Advisor to Banc of California. President and CEO of Banc of California, Steven Sugarman, stated, "The Los Angeles Conservation Corps serves more than 17,000 young people each year making a positive impact in their lives. We are humbled and honored that the Los Angeles Conservation Corps has named us their Community Partner of the Year." The full analyst notes on Banc of California are available to download free of charge at:
http://www.analystsreview.com/2733-BANC-21May2014.pdf
Financial Engines, Inc. Analyst Notes
On May 6, 2014, Financial Engines, Inc. (Financial Engines) reported its Q1 2014 financial results. Q1 2014 total revenues went up by 22.3% YoY to $65.9 million, primarily attributable to the growth achieved in professional management revenue. Net and comprehensive income for Q1 2014 was $7.8 million, or $0.15 per diluted share, compared to Q1 2013 net and comprehensive income of $6.2 million or $0.12 per diluted share. Commenting on the results, Financial Engines CFO, Ray Sims, stated, "The 30% year over year growth in both assets under contract and assets under management demonstrates the strong need and demand for our services. To take advantage of a growing market opportunity, we are focused on making our services available to plan sponsors, extending our offering for near-retirees, and engaging and enrolling new members." The Company expects full-year 2014 revenue to be in the range of $276 million to $281 million. The full analyst notes on Financial Engines are available to download free of charge at:
http://www.analystsreview.com/2733-FNGN-21May2014.pdf
Och-Ziff Capital Management Group LLC Analyst Notes
On May 16, 2014, Och-Ziff Capital Management Group LLC's (Och-Ziff) stock increased by 2.94%, ending the day at $12.94 per share. However, over the past three-month trading period, the Company's stock declined by 7.57%, compared to the Dow Jones Industrial Average which went up by 2.09% during the same trading period. The full analyst notes on Och-Ziff are available to download free of charge at:
http://www.analystsreview.com/2733-OZM-21May2014.pdf
Glimcher Realty Trust Analyst Notes
On May 16, 2014, Glimcher Realty Trust's stock reflected an increase of 2.22%, closing the day at $10.58 per share. Over the past three-day trading period, the Company's stock increased by 0.76%, compared to the S&P 500 which dropped 1.03% during the same trading session. The full analyst notes on Glimcher Realty Trust are available to download free of charge at:
http://www.analystsreview.com/2733-GRT-21May2014.pdf
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