In trading on Monday, shares of National Storage Affiliates Trust's 6.000% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: NSA.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands
In trading on Monday, shares of National Storage Affiliates Trust's 6.000% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: NSA.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands
A private credit fund managed by Carlyle Group Inc. cut the value of its assets in the first quarter and lowered its dividend, while reporting that it originated more loan deals. Carlyle Secured Lending Inc. , a business development company that provides loans to mostly small and mid-size companies, cut its dividend to 35 cents a share for the current quarter, the firm said in a statement Monday. ...
A private credit fund managed by Carlyle Group Inc. cut the value of its assets in the first quarter and lowered its dividend, while reporting that it originated more loan deals. Carlyle Secured Lending Inc. , a business development company that provides loans to mostly small and mid-size companies, cut its dividend to 35 cents a share for the current quarter, the firm said in a statement Monday. That’s down from 40 cents a share in the first quarter. Net asset value per share slipped about 2% to $15.89 in the first quarter from $16.26 as of Dec. 31. Still, the BDC reported that originations were up 14% compared to the year-ago period, Chief Executive Officer, Alex Chi , said on an earnings call . “We’re seeing signs of an increasingly attractive investment environment,” as recent volatility spurs the rebalancing of capital supply, Chi said. He cited higher risk premiums and better terms for lenders in new deals. The Carlyle fund also said that loans on non-accrual status, which typically means borrowers have stopped making payments, had declined. That’s in contrast with other BDCs , which added investments to non-accrual status for the quarter. The four remaining such borrowers represent about 1% of investments, the Carlyle fund said. Investors in BDCs have grown anxious in recent months over the $1.8 trillion private credit industry’s exposure to software firms that could be disrupted by rapid advancements in artificial intelligence. Some investors, who were also concerned about underwriting standards, have tried to withdraw their funds en masse, causing several private asset managers to limit redemptions. Read More: Goldman Sachs Private Credit Fund’s Share of Bad Loans Rises
Almirall, S.A. press release ( LBTSF ): Q1 EBITDA of €67.5M. Net Sales of €291.0M. More on Almirall, S.A. Almirall, S.A. (ALMRY) Q1 2026 Earnings Call Transcript Historical earnings data for Almirall, S.A. Financial information for Almirall, S.A.
Almirall, S.A. press release ( LBTSF ): Q1 EBITDA of €67.5M. Net Sales of €291.0M. More on Almirall, S.A. Almirall, S.A. (ALMRY) Q1 2026 Earnings Call Transcript Historical earnings data for Almirall, S.A. Financial information for Almirall, S.A.
miljko/E+ via Getty Images Herbalife ( HLF ) reported their Q1'26 results on May 6th, and the quarter came in better than expected with a revenue and EPS beat with volume gains growing for the third consecutive quarter. After the company raised their full-year guidance, the stock was up the following day. For years now, the company has been undergoing somewhat of a turnaround after years of declin...
miljko/E+ via Getty Images Herbalife ( HLF ) reported their Q1'26 results on May 6th, and the quarter came in better than expected with a revenue and EPS beat with volume gains growing for the third consecutive quarter. After the company raised their full-year guidance, the stock was up the following day. For years now, the company has been undergoing somewhat of a turnaround after years of declining volumes, a deteriorating balance sheet, and persistent questions about the durability of the direct selling model. But when I look at the full picture, I think that the ongoing weakness in North America and China, the still highly levered balance sheet, and the inherent limitations of the MLM distribution model, I'm not comfortable getting involved with the shares at these levels. In this article, I'll unpack the latest quarter, my thoughts on the valuation and outlook from here, and the risks I think investors ought to watch out for on the horizon. A Look at Q1'26 Results Herbalife's sales in Q1 were 7.8% higher than last year at $1.317 billion , or 5.4% on a constant currency basis. The performance driver of this was that worldwide volumes grew 4.1% compared to last year, and Q1 marked the third consecutive quarter of volume growth. Seeking Alpha When looking at the regional breakdown for Herbalife's results this quarter, Asia Pacific was the standout, growing 17% year over year thanks to record quarterly sales in India. Latin America also grew 17%, and these two regions are doing the heavy lifting. The weaker parts of the portfolio have been in EMEA, North America, and China. EMEA grew just 1% but declined 6% in constant currency. North America declined 3% and China declined 12%. On the earnings call, management attributed the North America softness partly to severe weather in January and February and a timing issue with shipments in transit at quarter-end, but those are the two most important markets for any direct-selling company, and it doesn't seem that they are ...
Onex Partners aims to raise $1 billion to extend its minority ownership of insurance brokerage and employer adviser OneDigital , as more private asset firms tap the booming secondaries market. Evercore Inc. is advising Onex on the single-asset continuation fund, according to people familiar with the matter, who asked not to be identified because the details are private. Onex acquired a majority st...
Onex Partners aims to raise $1 billion to extend its minority ownership of insurance brokerage and employer adviser OneDigital , as more private asset firms tap the booming secondaries market. Evercore Inc. is advising Onex on the single-asset continuation fund, according to people familiar with the matter, who asked not to be identified because the details are private. Onex acquired a majority stake of OneDigital in 2020, selling most of it last year to Stone Point Capital and Canada Pension Plan Investment Board in a deal that valued the firm at more than $7 billion. Representatives for Evercore and Onex didn’t respond to requests for comment. The secondaries market has boomed in recent years, as higher interest rates and economic uncertainty have kept private equity buyers on the sidelines. Last year, almost 90% of secondaries volume led by private asset managers involved continuation vehicles, which let firms roll prized or hard-to-sell assets into new funds, according to Jefferies Financial Group Inc. This strategy enables private asset firms to raise fresh capital from new investors and distribute cash to existing ones. While single-asset continuation vehicles accounted for the lion’s share of such transactions last year, some firms, including Onex, roll multiple holdings into new funds. Last month, Onex said it had raised $1.6 billion for a multi-asset continuation fund for three portfolio companies, including Fidelity Building Services Group, a major provider of HVAC and other building services, as well as claims management firm Sedgwick. Toronto-based Onex has been leaning into insurance as Chief Executive Officer Bobby Le Blanc works to reshape the firm’s image. Read More: Onex CEO Le Blanc Channels Buffett With Big Bet on Insurance
Earnings Call Insights: Seadrill Limited (SDRL) Q1 2026 Management view "We delivered a solid quarter, both financially and operationally, with EBITDA of $97 million and strong economic utilization" (CEO & President Samir Ali), while adding that "we are raising full year revenue and EBITDA guidance" and "remain on track for meaningful free cash flow generation starting in the second half of 2026."...
Earnings Call Insights: Seadrill Limited (SDRL) Q1 2026 Management view "We delivered a solid quarter, both financially and operationally, with EBITDA of $97 million and strong economic utilization" (CEO & President Samir Ali), while adding that "we are raising full year revenue and EBITDA guidance" and "remain on track for meaningful free cash flow generation starting in the second half of 2026." "We have added approximately $860 million to our backlog" (CEO Ali), highlighting new U.S. Gulf awards for "the West Neptune and West Vela" with LLOG ("adding approximately $260 million"), a Sonangol Quenguela option exercise that commits the rig "into mid-2028," and a West Polaris "3-year extension with Petrobras," which Ali said has "no additional CapEx requirements." "Contract drilling revenues were $277 million, up $4 million quarter-on-quarter" (Executive VP & CFO Grant Creed), and "resulting EBITDA was $97 million, a sequential increase of $9 million compared to the prior quarter." Outlook "For the full year 2026, we are updating our guidance for operating revenues to $1.43 billion to $1.48 billion" and "our EBITDA range to $370 million to $420 million" (CFO Creed), adding that revenue guidance "excludes $50 million of reimbursable revenues" and EBITDA guidance "includes a noncash net expense of $26 million." Compared with the prior quarter’s guidance, management increased the 2026 ranges from $1.4 billion to $1.45 billion in operating revenues and from $350 million to $400 million in EBITDA (CFO Creed, Q4 2025 call). "We remain on track for meaningful free cash flow generation starting in the second half of 2026" (CEO Ali), while CFO Creed tied the mid-2026 inflection to "cash receipts totaling approximately $70 million over the next 2 quarters" related to Petrobras mobilization reimbursements for reacceptance work. Financial results "Management contract revenues decreased by $2 million to $63 million" and "leasing revenues were consistent with the prior quarter at ...
Hardika Singh, Fundstrat Economic Strategist says that tech stock earnings are really driving the stock market more than the war in Iran. A renewed advance in oil prices sent bonds lower after the US and Iran failed to agree on terms to end their war, dashing hopes for a revival of the Strait of Hormuz while stoking inflation concerns. The Treasury market, which has priced out the odds of Federal ...
Hardika Singh, Fundstrat Economic Strategist says that tech stock earnings are really driving the stock market more than the war in Iran. A renewed advance in oil prices sent bonds lower after the US and Iran failed to agree on terms to end their war, dashing hopes for a revival of the Strait of Hormuz while stoking inflation concerns. The Treasury market, which has priced out the odds of Federal Reserve rate cuts this year amid the Middle East conflict, saw an increase in yields. Another rally in chipmakers left the S&P 500 at all-time highs, but most of the US equity benchmark’s shares retreated (Source: Bloomberg)
Two Israeli soldiers will spend weeks in military prison for desecration of a Christian object after one stuck a cigarette in the mouth of a statue of the Virgin Mary in southern Lebanon and the other photographed it. The photo of the soldier, a cigarette dangling from his own mouth, went viral and sparked widespread outrage. It was the latest act by Israeli forces to be denounced as anti-Christia...
Two Israeli soldiers will spend weeks in military prison for desecration of a Christian object after one stuck a cigarette in the mouth of a statue of the Virgin Mary in southern Lebanon and the other photographed it. The photo of the soldier, a cigarette dangling from his own mouth, went viral and sparked widespread outrage. It was the latest act by Israeli forces to be denounced as anti-Christian in southern Lebanon, where Israel launched a ground invasion earlier this year to target the...
In this article SLV Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:27 01:27 Options Action: AI buildout powers silver higher Squawk on the Street The AI trade has taken many forms this year, from surging semiconductors to record-setting ETFs and a fresh breakout in the Mag-7 stocks. Now, traders are setting their sights on an old variation of that theme that has sat out the most...
In this article SLV Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:27 01:27 Options Action: AI buildout powers silver higher Squawk on the Street The AI trade has taken many forms this year, from surging semiconductors to record-setting ETFs and a fresh breakout in the Mag-7 stocks. Now, traders are setting their sights on an old variation of that theme that has sat out the most recent leg of the rally: silver. Silver prices surged 7% Monday to the highest since March and copper added 3.3% to $6.50, a new record. Both metals are used for their thermal conductivity and electrical wiring in data-centers crucial to handling AI demand, but silver appears to have captured more retail interest. Trading in the iShares Silver ETF (SLV) followed suit with options action leaning heavily bullish. More than twice as many calls traded than puts, with more calls bought than sold and more than 90,000 calls bought compared to just 31,000 puts bought. Stock Chart Icon Stock chart icon iShares Silver Trust, YTD At least one trader was bullish enough to both sell puts and buy calls in a trade with over a million dollars in exposure. They sold more than 1,000 of the 70-strike puts expiring June 18 for $259,000 then applied those proceeds towards a million-dollar purchase of over 1,900 80-strike calls in SLV expiring the same day, looking for an 11% rally over the next 5.5 weeks. SLV soared more than 300% from the start of 2025 through its high in January, but has underperformed this year's blistering semiconductor rally as the precious metals trade struggled, perhaps as interest rates fluctuate and commodity bulls focused on the volatility in crude oil. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.