Direction of Market Influences: Complementary Research on Medallion Financial, NewStar Financial, Pra Group, Security National, and Lendingtree
NEW YORK, March 16, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Medallion Financial (NASDAQ: TAXI), NewStar Financial (NASDAQ: NEWS), Pra Group (NASDAQ: PRAA), Security National (NASDAQ: SNFCA), and Lendingtree (NASDAQ: TREE). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
TAXI Research Report: ( http://get.analystsreview.com/pdf/?c=Medallion%20Financial&d=16-Mar-2015&s=TAXI ),
NEWS Research Report: ( http://get.analystsreview.com/pdf/?c=NewStar%20Financial&d=16-Mar-2015&s=NEWS ),
PRAA Research Report: ( http://get.analystsreview.com/pdf/?c=Pra%20Group&d=16-Mar-2015&s=PRAA ),
SNFCA Research Report: ( http://get.analystsreview.com/pdf/?c=Security%20National&d=16-Mar-2015&s=SNFCA ),
TREE Research Report: ( http://get.analystsreview.com/pdf/?c=Lendingtree&d=16-Mar-2015&s=TREE ).
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Analyst Update: Quarterly Earnings Results, Completion of Settlement, and Recognition
Reviewed by: Rohit Tuli, CFA®
U.S. stocks ended lower on Friday as mixed economic data during the week, renewed dollar strength and sharply lower oil prices made traders cautious ahead of the upcoming meeting of the Federal Open Market Committee. The consumer sentiment data showed a preliminary read of 91.2 in March versus 95.4 in February. The Dow Jones Industrial Average lost 145.91 points, or 0.82%, to close at 17,749.31. The S&P 500 fell 12.55 points, or 0.61%, to end at 2,053.40. The Nasdaq Composite was down 21.53 points, or 0.44%, to 4,871.76. European equities closed slightly higher Friday as the oil and gas sector took another hit from tumbling prices. The German DAX gained 0.87%, the French CAC gained 0.46% while the FTSE ended the day 0.30% down. In Asia, Chinese shares advanced, led by financials after People's Bank of China Governor said the bank will maintain its prudent monetary policy. Japan's Nikkei 225 hit a fresh 15-year high as robot maker Fanuc Corp jumped 13% on a report that it will consider raising its dividend and buying back stock.
Medallion Financial Corp (Medallion Financial) reported its fourth quarter and full-year 2014 financial results with record full-year earnings of $28.7 million or $1.14 per diluted common share. Net interest margin was the highest ever for the Company at 7.49% on a combined basis, up from 6.66% a year ago.
NewStar Financial Inc. (NewStar Financial) reported its 2014 fourth quarter results with a net income of $1.2 million, or $0.02 per diluted share, compared with a net income of $5.0 million, or $0.10 per diluted share in Q3 2014.
Pra Group Inc. (Pra Group) reported 2014 fourth quarter results by posting total revenues of $250.7 million, compared with $184.9 million in Q4 2013. Total operating expenses also increased to $140.9 million during the quarter, as compared to $106.5 million in Q4 2013. Net income attributable to PRA Group stood at $47.0 million or $0.93 per diluted share, compared with $45.8 million or $0.91 per diluted share in Q4 2013.
SecurityNational Mortgage Company (SecurityNational Mortgage), a wholly owned subsidiary of Security National Financial Corporation (Security National), reported completion of settlement payments to Wells Fargo Bank. This relates to the original settlement agreement that was made on April 7, 2011 to resolve the claims and disputes between Wells Fargo and SecurityNational Mortgage regarding certain mortgage loans that Wells Fargo had purchased from SecurityNational Mortgage.
Lendingtree Inc. (Lendingtree) reported that it has won two LeadsCouncil LEADER 2015 Awards, strengthening the Company's position as the premier lead generator for the lending industry. The Company received the Gold award for Best 3rd Party Lead Generator and the Silver award for Most Innovative Company in the mortgage category, which together marks the Company's commitment to provide partners with world-class lead quality and product innovation to help grow their businesses.
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About Analysts Review
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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SOURCE Analysts Review
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