In this article @CL.1 @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 3:56 03:56 Oil flows could take 4 months to return to 80% of pre-war levels: ADNOC CEO Access Middle East Oil prices jumped Thursday on a report that Iran's supreme leader will not allow the country's enriched uranium to be shipped abroad, a position that will likely complicate peace talks with the U.S. U....
In this article @CL.1 @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 3:56 03:56 Oil flows could take 4 months to return to 80% of pre-war levels: ADNOC CEO Access Middle East Oil prices jumped Thursday on a report that Iran's supreme leader will not allow the country's enriched uranium to be shipped abroad, a position that will likely complicate peace talks with the U.S. U.S. crude oil rose 2.4% to $100.57 per barrel by 8:34 a.m. ET. International benchmark Brent crude prices advanced nearly 2% to $107.05 per barrel. Two senior Iranian sources told Reuters that Ayatollah Mojtaba Khamenei issued a directive that the enriched uranium must remain in the Islamic Republic. President Donald Trump said earlier this week that he called off imminent U.S. airstrikes on Iran to give diplomact more time at the request of U.S. Gulf Arab allies. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Susan Collins brings federal dollars to Maine. She's hoping that's worth it to voters toggle caption Joe Raedle/Getty Images The outcome of a pivotal Senate race in Maine could hinge on whether voters value Republican Sen. Susan Collins' clout and ability to secure federal dollars over Democratic insurgent Graham Platner's call to upend a political system he says is rigged against working-class Am...
Susan Collins brings federal dollars to Maine. She's hoping that's worth it to voters toggle caption Joe Raedle/Getty Images The outcome of a pivotal Senate race in Maine could hinge on whether voters value Republican Sen. Susan Collins' clout and ability to secure federal dollars over Democratic insurgent Graham Platner's call to upend a political system he says is rigged against working-class Americans. Platner's call for a political revolution has been a centerpiece of a barnstorming campaign that's already pushed his Democratic rival, Gov. Janet Mills, out of the race. As the contest pivots to the November election, Collins is using old school pork barrel politics to win over voters who may be ambivalent about reelecting her to a sixth term. Sponsor Message It's one of several sharp contrasts in a contest that could determine whether Republicans can maintain control of the Senate or if Democrats' difficult path to a majority will be successful. Collins has long focused on "bringing home the bacon," a time-honored strategy for incumbent politicians in Congress that's sometimes overshadowed by contemporary methods used by newer members to garner voter attention and loyalty. The incumbent Republican has already signaled that continuing to send federal dollars directly to Maine will be key to her reelection bid. The first ad of her campaign highlighted how she helped win federal money for a breakwater dock in Eastport, Maine, a locality with a population of just over 1,000. She also plans to use her position as chair of the Senate Appropriations Committee, the first Maine senator to hold the key budgeting position in more than 90 years. She recently described the post as a "once in a century" opportunity — and said that she plans to run on it. "And that will go away with a freshman senator," she said after taking questions at a manufacturing conference in the state. "It took me years to climb the ladder of seniority." So far, Platner's campaign is trying to simultan...
Applied Digital stock (APLD) hit a fresh high of around $44 in extended trading, surging from its recent base near $40. The catalyst? The company reached a massive milestone, surpassing 1 gigawatt of contracted capacity by securing a U.S.-based, high-investment-grade hyperscaler lease at its fourth campus, Polaris Forge 3. This is catching investors’ attention. But does this milestone change the f...
Applied Digital stock (APLD) hit a fresh high of around $44 in extended trading, surging from its recent base near $40. The catalyst? The company reached a massive milestone, surpassing 1 gigawatt of contracted capacity by securing a U.S.-based, high-investment-grade hyperscaler lease at its fourth campus, Polaris Forge 3. This is catching investors’ attention. But does this milestone change the fundamental picture? Absolutely. While some capacity announcements look impressive on paper without moving the needle, Applied Digital’s core business tells a highly compelling story. Revenue growth has exploded at an average rate of 117.8% annually over three years, well above the S&P 500’s recent 11.4% trailing revenue growth. In the last 12 months alone, revenue jumped 104.9% from $139 million to $284 million. Quarterly revenues also grew 139.3% to $127 million. The company that once seemed speculative is now aggressively expanding its top line. What about profitability? Aren’t the margins negative? On a trailing GAAP basis, yes. Operating margins sit at a bleak -23.2% over the last four quarters, with net margins at -65.6% and operating cash flow margins at -12.7%. But excluding non-cash expenses like depreciation, stock-based compensation, and project-transition costs, a different operational picture emerges. For its most recent quarter, APLD generated an Adjusted EBITDA margin of 40.6% on $108.6 million in adjusted revenue. It also posted an Adjusted Net Profit margin of 30.6% by bringing in $33.2 million in adjusted net income. Underneath the GAAP accounting adjustments, the core unit economics of the data centers demonstrate strong profitability. So it’s financially sound? Very. Applied Digital carries $2.8 billion in debt against an $11 billion market capitalization. This implies a Debt-to-Equity ratio of 22.7%, tracking closely with the S&P 500’s average of 21.7%. With $1.7 billion in cash representing a massive 27.7% of its $6.2 billion in total assets, the balanc...
NEW YORK, May 21, 2026 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DTST” and the “Company”), today announced that all outstanding publicly traded warrants to purchase up to 1,464,610 shares of the Company’s common stock previously listed on The Nasdaq Capital Market under the ticker symbol “DTSTW” expired in accordance with their terms on May 18, 2026. As a result of the expirati...
NEW YORK, May 21, 2026 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DTST” and the “Company”), today announced that all outstanding publicly traded warrants to purchase up to 1,464,610 shares of the Company’s common stock previously listed on The Nasdaq Capital Market under the ticker symbol “DTSTW” expired in accordance with their terms on May 18, 2026. As a result of the expiration, the entire class of security previously listed on The Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “DTSTW” have been delisted from trading on Nasdaq, eliminating a potential source of future dilution and further simplifying the Company’s capital structure. “With the expiration of the publicly traded warrants, we have eliminated another potential equity overhang and taken an additional step toward maintaining a cleaner, more streamlined capital structure,” said Chuck Piluso, CEO of Data Storage Corporation. “This follows our broader transformation, including the sale of CloudFirst, the return of capital to shareholders through our tender offer, and our continued focus on disciplined capital allocation. As a result of the tender offer, where 72% of the shares of outstanding common stock were tendered, today we now have approximately 2.2 million shares of common stock outstanding.” “We believe DTST is now better positioned to execute from a stronger foundation and drive value for shareholders as we advance our strategy focused on AI continuity infrastructure for regulated industries, while maintaining stable recurring operations through Nexxis and evaluating complementary opportunities that may enhance long-term shareholder value,” concluded Mr. Piluso. The Company recently announced the planned establishment of Sovereign AI Solutions, a wholly owned subsidiary that would be focused on developing a purpose-built AI Continuity Control Plane designed to support recovery, validation and compliance for sovereign AI and AI Factory environments across regulated indus...
Tesla stock rose early Thursday after SpaceX filed its IPO registration statement, fueling speculation about a megamerger between the two companies as their ties and overlap deepen. Tesla stock was up 1.2% in premarket trading at $422.18, while and futures were down 0.3% and 0.2%, respectively. The move comes after the Wednesday evening release of SpaceX’s IPO filings.
Tesla stock rose early Thursday after SpaceX filed its IPO registration statement, fueling speculation about a megamerger between the two companies as their ties and overlap deepen. Tesla stock was up 1.2% in premarket trading at $422.18, while and futures were down 0.3% and 0.2%, respectively. The move comes after the Wednesday evening release of SpaceX’s IPO filings.
Robert Way Nvidia's ( NVDA ) latest results and guidance were nothing short of impressive for a company of its size, a fact not lost on Wall Street analysts as they praised the Jensen Huang-led company for firing on all cylinders. Shares were little changed in premarket trading on Thursday, while competitors AMD ( AMD ) and Intel ( INTC ) fell 2% and 2.5%, respectively. “NVDA is adding more visibi...
Robert Way Nvidia's ( NVDA ) latest results and guidance were nothing short of impressive for a company of its size, a fact not lost on Wall Street analysts as they praised the Jensen Huang-led company for firing on all cylinders. Shares were little changed in premarket trading on Thursday, while competitors AMD ( AMD ) and Intel ( INTC ) fell 2% and 2.5%, respectively. “NVDA is adding more visibility to its Data Center sales by providing two sub-groups: Hyperscale and ACIE (AI Clouds, Industrial, & Enterprise) which we view as a positive for comparison purposes,” Citi analyst Atif Malik wrote in a note to clients. “NVDA expects $20B Vera CPU sales this year (includes Meta & MSFT, we believe) and a new $200B CPU TAM by 2030. The prior >$1 trillion 2025-27’ DC sales didn’t include Vera CPUs and LPX contributions lifting our FY27/28/29 EPS +8%/+6%/+8%. Moreover, NVDA believes it will grow share at AI model companies OAI and Anthropic on superior performance/token metric.” Malik has a Buy rating and a $300 price target on Nvidia. Morgan Stanley analyst Joseph Moore likened the results to a golfer and said the results were “straight down the fairway.” “NVIDIA posted numbers higher than our estimates and our preview, with a clean beat and raise on all metrics, with a significant Vera Rubin ramp ahead that should prove out their contention that NVDA hardware leads in AI factory economics,” Moore wrote in a note to clients. Moore, who slightly upped his price target on Nvidia to $288 from $285, said that while the goalposts for the $5.4T company are “always moving,” the company has consistently proven it is better than the competition. “That doesn't mean the comparisons are irrelevant, of course, as $400 bn run rate of AI capital investment cannot be fully satisfied with Vera Rubin for several quarters, so Blackwell vs. other people's next gen products is still an important part of the consideration set,” Moore added. “But we believe the NVIDIA truism that lower cost silic...
Baris-Ozer Shares of Orthofix Medical ( OFIX ) lost ~8% in the premarket on Thursday after the orthopedic device maker cut its full-year outlook, citing certain changes to Medicare reimbursements applicable to its non-invasive bone growth stimulators. The MedTech now projects its net sales and adjusted EBITDA for 2026 to reach $838M - $848M and $90M - $93M, respectively, compared to its prior fore...
Baris-Ozer Shares of Orthofix Medical ( OFIX ) lost ~8% in the premarket on Thursday after the orthopedic device maker cut its full-year outlook, citing certain changes to Medicare reimbursements applicable to its non-invasive bone growth stimulators. The MedTech now projects its net sales and adjusted EBITDA for 2026 to reach $838M - $848M and $90M - $93M, respectively, compared to its prior forecast of $850M - $860M and $95M - $98M issued earlier this month. In a regulatory filing on Thursday, the Lewisville, Texas-based company also withdrew its three-year financial targets and stated it no longer expects to record positive free cash flow this year, despite having previously targeted this goal. Orthofix ( OFIX ) has made the revisions in light of a decision by the Centers for Medicare & Medicaid Services to update certain billing requirements and the Medicare fee schedule treatment related to non-invasive bone growth stimulators. The changes to products billed under HCPCS codes E0747, E0748, and E0760 will lead to a nearly 10% decline in the average Medicare reimbursement for these codes, the company said. Orthofix ( OFIX ) didn’t rule out further revisions to its outlook if Medicare reimbursements for the devices continue to change. More on Orthofix Medical Inc. Orthofix Medical Inc. 2026 Q1 - Results - Earnings Call Presentation Orthofix Medical Inc. (OFIX) Q1 2026 Earnings Call Transcript Orthofix Medical Inc. (OFIX) Q4 2025 Earnings Call Transcript Orthofix reaffirms 2026 $850M-$860M net sales outlook while targeting double-digit U.S. limb reconstruction growth in H2 Orthofix Medical beats top-line and bottom-line estimates; reaffirms FY26 outlook
Liudmila Chernetska/iStock via Getty Images Rent the Runway ( RENT ) CFO Siddharth Thacker tendered his resignation to pursue other opportunities, the firm disclosed in a filing . The resignation is effective on or about June 3, 2026. The company has started a search for a new CFO. More on Rent the Runway Rent the Runway, Inc. 2025 Q4 - Results - Earnings Call Presentation Rent the Runway: Acceler...
Liudmila Chernetska/iStock via Getty Images Rent the Runway ( RENT ) CFO Siddharth Thacker tendered his resignation to pursue other opportunities, the firm disclosed in a filing . The resignation is effective on or about June 3, 2026. The company has started a search for a new CFO. More on Rent the Runway Rent the Runway, Inc. 2025 Q4 - Results - Earnings Call Presentation Rent the Runway: Accelerating Growth On A Thinning Margin Profile (Downgrade) Rent The Runway, Inc. (RENT) Q4 2025 Earnings Call Prepared Remarks Transcript Rent the Runway co-founder Jennifer Hyman to step down as CEO Rent the Runway projects Q1 revenue of $85M-$87M while targeting FY2026 rental products acquired of $45M-$50M
EvgeniyShkolenko/iStock via Getty Images You don't have to look very far to find people discussing artificial intelligence or AI, as it is more commonly referred to. Wall Street is also abuzz with excitement about the AI boom that we find ourselves in, with many investors paying a lot of attention to graphics processing units, or GPUs. However, there are some AI infrastructure players like AXT ( A...
EvgeniyShkolenko/iStock via Getty Images You don't have to look very far to find people discussing artificial intelligence or AI, as it is more commonly referred to. Wall Street is also abuzz with excitement about the AI boom that we find ourselves in, with many investors paying a lot of attention to graphics processing units, or GPUs. However, there are some AI infrastructure players like AXT ( AXTI ) that aren't necessarily drawing the attention that they should. What I like most about AXT is that it isn't squarely in the most crowded parts of the AI trade. There are plenty of stocks that fit that mold if that is what you are looking for, but AXT does something a little different. Instead of designing the chips that power the AI world, they manufacture the substrate materials that allow for high-speed optical communication. Without this level of communication, it would be impossible to create the AI clusters necessary to create the high-level AI products that many of us use today. Following an incredible Q1 2026 earnings report , I believe that AXT has all the potential in the world to be an under-covered gem in your portfolio. We will explore why, but first, let's take a look at what AXT actually creates. What AXT Actually Does and How it Impacts the World of AI It is essential to get your arms around what AXT actually does before deciding if it is the right type of investment for you. Simply put, AXT produces compound semiconductor substrates, including essential ones like: Indium Phosphide (InP) Gallium Arsenide (GaAs) Germanium substrates These materials have a multitude of uses. Among the most important are: Fiber-optic communication systems RF and wireless infrastructure Satellite and solar applications If it were not for companies like AXT, the world simply wouldn't have some of the outstanding technologies that it does today. In particular, the indium phosphide segment of the business serves a critical role, as this compound is used in high-speed optical i...
Leifras ( LFS ) on Thursday said it has entered into an agreement to acquire Japan-based sports school operator Tokai Sports. Pursuant to the agreement, Leifras agrees to acquire 100% of the equity interest of Tokai Sports. Tokai Sports is expected to become Leifras' wholly owned subsidiary effective June 1, 2026. "By acquiring Tokai Sports, which serves approximately 1,200 sports school members a...
Leifras ( LFS ) on Thursday said it has entered into an agreement to acquire Japan-based sports school operator Tokai Sports. Pursuant to the agreement, Leifras agrees to acquire 100% of the equity interest of Tokai Sports. Tokai Sports is expected to become Leifras' wholly owned subsidiary effective June 1, 2026. "By acquiring Tokai Sports, which serves approximately 1,200 sports school members and operates at about 20 affiliated kindergartens and daycare centers, Leifras expects to strengthen its market position in the sports school business, especially in the Nagoya and Owariasahi areas," the company said. Press release More on Leifras Co., Ltd. Financial information for Leifras Co., Ltd.
A spectre is haunting British politics: the bond markets. Defending Keir Starmer after the disastrous local election results earlier this month, the chancellor, Rachel Reeves, warned that a leadership contest would trigger the wrath of those investors who lend the state money by buying and selling UK government bonds (also known as gilts). The prospect of Andy Burnham winning that contest prompted...
A spectre is haunting British politics: the bond markets. Defending Keir Starmer after the disastrous local election results earlier this month, the chancellor, Rachel Reeves, warned that a leadership contest would trigger the wrath of those investors who lend the state money by buying and selling UK government bonds (also known as gilts). The prospect of Andy Burnham winning that contest prompted shriller warnings: the left-leaning contender, after all, had dared to suggest governments should stop “being in hock” to the bond markets. The bond vigilantes, sober voices tell us, would punish him in the same way they punished Liz Truss’s mini-budget: detecting fiscal irresponsibility, they would sell gilts, thereby increasing government borrowing costs, until he dropped any plans for transformative public investment. This seems plausible: if you want to borrow, you have to do it on the terms of the creditors who lend it to you. But wholeheartedly accepting this logic turns us into “choiceless democracies”, as the economist Thandika Mkandawire warned, where democratic mandates for change are vetoed by bond investors. Burnham has already this week reasserted his commitment to fiscal rules – a sign of the bond markets’ continued grip on our politics. But there is another way: here is a plan for progressive politicians to stop worrying (too much) about bond vigilantes. They should start by holding their nerve. Tremors in the bond markets are often driven by global factors. They should also have a clear-eyed understanding of what the bond vigilantes want – and communicate this with the public. The bond vigilantes cheer austerity because their profits are highest when the economy slumps. In this scenario, interest rates are expected to fall and gilt prices increase, pumping returns for investors. Conversely, a mild selloff of gilts often signals that investors expect fiscal plans – that is, government spending – to deliver growth. In other words, good news for the economy is...
The Magnificent Seven question facing investors in 2026 is how to own these names. Roundhill Magnificent Seven ETF (NYSEARCA:MAGS) answers with one ticker holding all seven mega caps at equal weight, rebalanced quarterly so no single name dominates. MAGS gathered roughly $4.7 billion in assets because retail investors wanted the basket without picking which AI ... MAGS Bundles the Magnificent Seve...
The Magnificent Seven question facing investors in 2026 is how to own these names. Roundhill Magnificent Seven ETF (NYSEARCA:MAGS) answers with one ticker holding all seven mega caps at equal weight, rebalanced quarterly so no single name dominates. MAGS gathered roughly $4.7 billion in assets because retail investors wanted the basket without picking which AI ... MAGS Bundles the Magnificent Seven Into One Ticker, And That Concentration Cuts Both Ways
Foreign Treasury Selling Is Getting Serious Submitted by QTR's Fringe Finance We already knew that the bond market was starting to call bullshit on America’s fiscal and monetary policy. Now we know that foreign governments are dumping U.S. Treasuries, and China is leading the way…even while President Trump pals around with President Xi Jinping. According to CNBC , foreign holdings of U.S. governme...
Foreign Treasury Selling Is Getting Serious Submitted by QTR's Fringe Finance We already knew that the bond market was starting to call bullshit on America’s fiscal and monetary policy. Now we know that foreign governments are dumping U.S. Treasuries, and China is leading the way…even while President Trump pals around with President Xi Jinping. According to CNBC , foreign holdings of U.S. government debt fell sharply in March as central banks sold Treasuries to defend weakening currencies during the geopolitical and energy shock tied to the escalating Middle East conflict. China reduced its Treasury holdings to roughly $652 billion, the lowest level since 2008. Japan, the single largest foreign holder of U.S. debt, also cut exposure aggressively. Overall foreign holdings dropped from approximately $9.49 trillion to $9.25 trillion in a single month. That should deeply concern anyone paying attention to the structural fragility underneath the U.S. financial system. For decades, the global economy has operated on a relatively simple arrangement. The United States issues the world’s reserve currency, foreign governments recycle trade surpluses into U.S. Treasuries, and America finances massive deficits because the rest of the world willingly absorbs its debt. That system only works as long as there is confidence in the dollar, confidence in the Federal Reserve, and confidence that U.S. government debt remains the safest and most liquid place on earth to park capital. When major foreign holders begin reducing exposure during a period of rising inflation, exploding deficits, and growing fiscal instability, it creates a potentially dangerous chain reaction. And the timing for the world to be dumping treasuriers right now could not be worse. Bonds are already under pressure because inflation is proving far stickier than policymakers expected. As I wrote last week , both CPI and PPI came in significantly hotter than anticipated, forcing markets to rapidly reassess the possib...
Graco Inc. ( GGG ) on Thursday said it agreed to acquire Valco Melton, a supplier of adhesive application and quality assurance systems, in a cash transaction valued at about $447 million, including the present value of expected tax benefits. The Minneapolis-based company said the deal values Valco Melton at roughly 14 times its 2025 earnings before interest, taxes, depreciation and amortization. ...
Graco Inc. ( GGG ) on Thursday said it agreed to acquire Valco Melton, a supplier of adhesive application and quality assurance systems, in a cash transaction valued at about $447 million, including the present value of expected tax benefits. The Minneapolis-based company said the deal values Valco Melton at roughly 14 times its 2025 earnings before interest, taxes, depreciation and amortization. The acquisition is expected to close during Graco’s fiscal third quarter, pending customary closing conditions. Valco Melton develops systems used in industrial manufacturing to apply adhesives and inspect production quality, particularly in packaging applications where manufacturers require consistent sealing and inspection processes. The company operates in more than 80 countries, employs about 650 people and generated approximately $145 million in revenue in 2025. Graco ( GGG ) said the acquisition expands its industrial equipment business into adjacent markets tied to precision adhesive dispensing and machine vision-based inspection systems. “This acquisition is a strong strategic fit for Graco and a natural extension of our industrial portfolio,” Chief Executive Mark Sheahan said in a statement. Sheahan said Valco Melton’s adhesive dispensing systems align with Graco’s existing fluid handling operations while adding inspection and quality assurance capabilities. The deal also broadens Graco’s exposure to packaging and industrial automation markets, areas that continue to attract investment from manufacturers seeking to improve production efficiency and reduce defects. For investors, the acquisition signals Graco’s continued push toward higher-value industrial technologies that generate recurring aftermarket revenue alongside original equipment sales. Valco Melton’s installed base of systems may provide Graco with additional long-term service, replacement parts and maintenance opportunities. Valco Melton will become part of Graco’s industrial division after the transact...
Inside Creative House/iStock via Getty Images U.S. exceptionalism may be back, at least tactically, as AI momentum and America’s relative insulation from the global energy shock support continued outperformance, according to TS Lombard. In a note on clients’ top macro questions for Q2, strategist Dario Perkins said he “wouldn’t bet against continued US outperformance in the months ahead,” arguing ...
Inside Creative House/iStock via Getty Images U.S. exceptionalism may be back, at least tactically, as AI momentum and America’s relative insulation from the global energy shock support continued outperformance, according to TS Lombard. In a note on clients’ top macro questions for Q2, strategist Dario Perkins said he “wouldn’t bet against continued US outperformance in the months ahead,” arguing that bull markets run on themes and the AI theme is once again dominating investor attention. That marks a shift from 2025, when concerns about "recklessness" in U.S. policy weighed more heavily on sentiment. The firm said the AI trade ( AIQ ) ( ARTY ) has regained momentum as cloud revenues improve and demand for compute remains strong. Perkins noted that investors have shifted from worrying about AI overinvestment to questioning whether hyperscalers are spending enough. Still, he cautioned that the sustainability of AI capex is far from settled, given the circularity of hyperscaler spending, order backlogs and revenue recognition across the AI ecosystem. A second advantage for the U.S. is energy exposure. The U.S. economy is less vulnerable than Europe and Asia to disruption in global energy markets, which TS Lombard said could become an important advantage over the summer if the Iran crisis is not resolved and physical energy markets deteriorate further. That backdrop has shifted the odds back in favor of U.S. equities ( SPY ) ( QQQ ) ( DIA ). TS Lombard said it previously expected global equities ( URTH ) to at least match U.S. performance, but Middle East uncertainty has made non-U.S. investors less inclined to look through the crisis. The note does not abandon the longer-term case for global equities. Non-U.S. stocks still have valuation advantages, fiscal policy remains supportive and upside could return once the Iran crisis is resolved and the global economy reaccelerates. T.S. Lombard More on Global X Artificial Intelligence & Technology ETF, SPDR S&P 500 ETF Trust...
(RTTNews) - Hamilton Lane (HLNE) said on Thursday its board had approved an increase in its stock repurchase authorization to $100 million of Class A common stock. The asset manager previously had a framework allowing it to buy up to 6 percent of its outstanding Class A shares, capped at $50 million. The program was originally approved in November 2018 and most recently re-approved in December 202...
(RTTNews) - Hamilton Lane (HLNE) said on Thursday its board had approved an increase in its stock repurchase authorization to $100 million of Class A common stock. The asset manager previously had a framework allowing it to buy up to 6 percent of its outstanding Class A shares, capped at $50 million. The program was originally approved in November 2018 and most recently re-approved in December 2024. Hamilton Lane began repurchasing shares under that program on February 20, 2026, having not executed any buybacks before that date, leaving the full authorization available at commencement. The expanded $100 million program is net of amounts already repurchased under the prior authorization and has no share count or duration limitations. In pre market activity on Nasdaq, shares of Hamilton Lane were down 1.89 percent, changing hands at $83.50, after closing Wednesday's regular session 1.19 percent higher. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.