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Ameritrans Capital Corp is a closed-end investment company. The company makes loans and investments with the goal of generating both current income and capital appreciation.

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Ameritrans Capital Corp

DA Davidson analyst Linda Bolton Weiser maintains Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) with a Neutral and maintains $59 price target.

News

Price Target

Analyst Ratings

DA Davidson Maintains Neutral on Hasbro, Maintains $59 Price Target

Needham analyst Joseph Stringer reiterates Phathom Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAT#NASDAQ">PHAT</a>) with a Buy and maintains $26 price target.

Reiteration

PHAT

Needham Reiterates Buy on Phathom Pharmaceuticals, Maintains $26 Price Target

2024 Earnings&nbsp;Guidance
PGE is reaffirming its estimate for full-year 2024 adjusted earnings&nbsp;guidance&nbsp;of&nbsp;$2.98&nbsp;to&nbsp;$3.18&nbsp;per diluted share based on the following assumptions:
<ul>
<li>Exclusion of the impacts of the&nbsp;January 2024&nbsp;winter storm, including non-deferrable Reliability Contingency Event (RCE) costs and non-deferred incremental storm restoration costs;</li>
<li>An increase in energy deliveries of&nbsp;2%&nbsp;to&nbsp;3%, weather adjusted;</li>
<li>Normal temperatures in its utility service territory;</li>
<li>Hydro conditions for the year that reflect current estimates;</li>
<li>Wind generation based on five years of historical levels or forecast studies when historical data is not available;</li>
<li>Normal thermal plant operations;</li>
<li>Operating and maintenance expense between&nbsp;$800 million&nbsp;and&nbsp;$825 million&nbsp;which includes approximately&nbsp;$150 million&nbsp;of wildfire, vegetation management, deferral amortization and other expenses that are offset in other income statement lines;</li>
<li>Depreciation and amortization expense between&nbsp;$475 million&nbsp;and&nbsp;$525 million;</li>
<li>Effective tax rate of&nbsp;10%&nbsp;to&nbsp;15%;</li>
<li>Cash from operations of&nbsp;$700&nbsp;to&nbsp;$800 million;</li>
<li>Capital expenditures of&nbsp;$1,340&nbsp;million; and</li>
<li>Average construction work in progress balance of&nbsp;$740 million.</li>
</ul>

Earnings

Guidance

Portland General Electric Reaffirms 2024 Guidance: Projects Adjusted EPS Of $2.98-$3.18 Vs. $3.06 Consensus, And Cash From Operations Of $700M-$800M

B of A Securities analyst Rafe Jadrosich upgrades Mohawk Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>) from Underperform to Buy and raises the price target from $120 to $177.

Upgrades

B of A Securities Upgrades Mohawk Industries to Buy, Raises Price Target to $177

Needham analyst Scott Berg maintains SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) with a Buy and raises the price target from $205 to $230.

SPSC

Needham Maintains Buy on SPS Commerce, Raises Price Target to $230

KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) managed investment funds inked a deal to acquire Instructure Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INST#NYSE">INST</a>) for $23.60 per share in a $4.8 billion all-cash deal.
The purchase price of $23.60 per share is a 16% premium over Instructure&#8217;s unaffected share price of $20.27 on May 17, 2024, the last trading day before news of the potential transaction, <a href="https://www.benzinga.com/pressreleases/24/07/n39957498/instructure-to-be-acquired-by-kkr-for-4-8-billion">per a statement released yesterday.</a>
Instructure provides learning management and education-tech solutions that supports 200 million learners in over 100 countries. With over 1,000 partners, it aims to reach $1 billion in revenue by 2028.
Webster Chua, Partner at KKR, said, &#8220;Instructure has evolved into an expansive platform focused on delivering strong student outcomes under Thoma Bravo&#8217;s stewardship. We look forward to working with Steve and the Instructure management team to accelerate growth and continue scaling its global portfolio of products.&#8221;
KKR, with participation from Dragoneer Investment Group, will acquire all outstanding shares, including those shares owned by Instructure&#8217;s existing majority owner, Thoma Bravo, which took the company public in 2021.
Brian Jaffee, a Partner at Thoma Bravo, said, &#8220;Since our initial investment four and a half years ago, it&#8217;s been an incredible journey supporting such an important company in the global education technology market. Instructure has evolved into a true platform technology provider and we look forward to watching the KKR team build on the company&#8217;s impressive foundation in the years to come.&#8221;
The Instructure Board of Directors has unanimously approved the transaction, which is expected to close later this year, pending customary conditions and regulatory approvals.
The deal also requires written consent from stockholders holding a majority of Instructure&#8217;s voting securities; no further stockholder action will be needed once this consent is delivered.
After the transaction, Instructure&#8217;s common stock will be delisted from the New York Stock Exchange, and the company will become privately held while remaining headquartered in Salt Lake City.
As of the first quarter, KKR&#8217;s cash and Investments totaled $14.6 <a target="_blank" href="https://ir.kkr.com/app/uploads/2024/05/KKR-Q124-Earnings-Release.pdf" rel="noreferrer noopener">billion</a>.
Yesterday, the company disclosed that its investment funds acquired Marmic Fire &amp; Safety, a top provider of fire equipment inspection, testing, and maintenance services,<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39943465/kkr-acquires-marmic-fire-safety" rel="noreferrer noopener"> from HGGC for an undisclosed amount</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/39939133" rel="noreferrer noopener">T-Mobile Dials Up A Major Broadband Expansion: Teams With KKR To Acquire Metronet</a>
KKR stock has gained around&nbsp;92%&nbsp;in the last 12 months. Investors can gain exposure to the stock via&nbsp;FM Focus Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMCX#NYSE">FMCX</a>) and&nbsp;EA Series&nbsp;Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>).
KKR will release its second-quarter 2024 financial <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">results on July 31, 2024</a>.
Price Action: KKR shares closed higher by 0.85% at $116.71 on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock/ MD Duran

Equities

Large Cap

Northern Lights Fund Trust IV FMC Excelsior Focus Equity ETF

FMCX

INST

TMUS

KKR Bets Big On Education With Instructure Purchase For $4.8B

The return of two astronauts aboard Boeing&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) <a href="https://www.benzinga.com/news/24/06/39451119/boeing-delays-starliners-return-to-earth-again-astronauts-stuck-at-international-space-station-as-na">Starliner spacecraft </a>remains uncertain 50 days past launch due to ongoing technical issues.
What Happened: &#8220;We don&#8217;t have a major announcement today relative to a return date. We are making great progress but we are just not quite ready to do that,&#8221; NASA's Commercial Crew Program manager Steve Stich said on Wednesday. 
Astronauts Sunita Williams and Butch Wilmore have been at the&nbsp;International Space Station since early June. They were initially estimated to return on June 14 but the return dates have been delayed time and again owing to issues of helium system leaks and thruster performance identified with the Starliner spacecraft while docking with ISS. 
NASA is currently trying to study the risks associated with these issues before returning the astronauts. 
&#8220;The beauty of having Dragon and Starliner and two different diverse space transportation systems is we can kind of use those as backups. Someday, Starliner could be a backup to a dragon mission&#8230;,&#8221; Stich said, hinting at a possibility of returning the astronauts with the help of SpaceX&#8216;s Dragon spacecraft in case the Starliner can&#8217;t. 
The focus, however, is returning the <a href="https://www.benzinga.com/news/24/07/39740315/boeing-astronauts-stuck-in-space-speak-out-absolutely-confident-will-return-home">two astronauts on Starliner</a>, he added, while refusing to provide a timeline for the return. 
Why It Matters: Boeing&#8217;s Starliner spacecraft has been marred by <a href="https://www.benzinga.com/markets/equities/24/05/38659763/boeings-starliner-crewed-test-flight-postponed-due-to-technical-issue-continuing-challenges-in-s" target="_blank" rel="noreferrer noopener">several delays</a> since the start. The spacecraft was supposed to have its first uncrewed test flight in 2015 which was delayed up to 2019. The spacecraft then failed to achieve its intended orbit. In 2022, the spacecraft completed its first successful uncrewed flight to the International Space Station.
If the ongoing crewed flight test is successful, Boeing will become the next private company to shuttle astronauts to and from the ISS for NASA, like&nbsp;Elon Musk‘s SpaceX.
NASA awarded both Boeing and SpaceX contracts to enable transportation to and from the ISS after retiring its space shuttle.&nbsp;SpaceX sent its first crewed mission to the ISS in 2020 on its Dragon spacecraft and has since then undertaken multiple missions,&nbsp;<a href="https://www.benzinga.com/news/24/05/38664485/spacex-ceo-elon-musk-blames-boeings-starliner-delay-on-too-many-non-technical-managers" target="_blank" rel="noreferrer noopener">overtaking its traditional rival</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39977028/elon-musks-spacex-to-resume-launch-operations-two-weeks-after-mishap-involving-20-starlink-satellite">Elon Musk&#8217;s SpaceX To Resume Launch Operations Two Weeks After Mishap Involving 20 Starlink Satellites</a></li>
</ul>
Photos courtesy: Shutterstock and NASA

SPACE

Tech

Return Of Astronauts Aboard Boeing's Starliner Uncertain Even After 50 Days Of Launch: NASA Hints At Possibility Of Using SpaceX's Dragon Spacecraft To Bring Them Back

Carter's Sees Q3 Sales Of $735M - $755M Vs. $805.92M Est; Adj EPS Of $1.10 - $1.35 Vs. $1.88 Est.

Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.61 by 13.11 percent. This is a 76.92 percent increase over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $758.000 million which beat the analyst consensus estimate of $715.055 million by 6.01 percent. This is a 16.98 percent increase over sales of $648.000 million the same period last year.

Earnings Beats

Portland Gen Electric Q2 2024 GAAP EPS $0.69 Beats $0.61 Estimate, Sales $758.000M Beat $715.055M Estimate

Needham analyst James Ricchiuti maintains Plexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) with a Buy and raises the price target from $114 to $144.

PLXS

Needham Maintains Buy on Plexus, Raises Price Target to $144

Carter's Sees FY24 Sales Of $2.785B -$2.825B Vs. $2.92B Est; Adj EPS Of $4.60 - $5.05 Vs. $6.2 Est.

Piper Sandler analyst Brad Capuzzi initiates coverage on AG Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MITT#NYSE">MITT</a>) with a Overweight rating and announces Price Target of $9.

Initiation

MITT

Piper Sandler Initiates Coverage On AG Mortgage IT with Overweight Rating, Announces Price Target of $9

Needham analyst James Ricchiuti maintains Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) with a Buy and raises the price target from $68 to $79.

BELFB

Needham Maintains Buy on Bel Fuse, Raises Price Target to $79

Carter's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRI#NYSE">CRI</a>) reported quarterly earnings of $0.76 per share which beat the analyst consensus estimate of $0.49 by 55.1 percent. This is a 18.75 percent increase over earnings of $0.64 per share from the same period last year. The company reported quarterly sales of $564.40 million which missed the analyst consensus estimate of $568.16 million by 0.66 percent. This is a 5.96 percent decrease over sales of $600.20 million the same period last year.

Earnings Misses

Carter's Q2 Adj $0.76 Beats $0.49 Estimate, Sales $564.40M Miss $568.16M Estimate

Amid Boeing Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) <a href="https://www.benzinga.com/markets/equities/24/06/39384624/boeings-search-for-new-ceo-persists-as-calhoun-faces-congressional-hearing">ongoing CEO search</a>, Stephanie Pope, the internal favorite for the position, has taken the spotlight at the Farnborough International Airshow.
What Happened: Pope, who currently heads Boeing&#8217;s commercial airplane unit, has been actively engaging with customers and journalists at the airshow, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-07-26/boeing-s-pope-makes-mark-at-aviation-show-as-ceo-search-heats-up">reported</a> on Thursday. This move has been seen as an attempt to bolster her case for the top job at the embattled aerospace company.
Boeing is currently grappling with a series of crises, including financial instability, and trust issues with regulators and the public. The company&#8217;s board is under pressure to appoint a leader who can navigate these challenges.
Pope, 52, has been working to stabilize Boeing&#8217;s factory operations in Seattle, where the majority of the company&#8217;s manufacturing activities are based. She was appointed to lead the planemaking unit in March, <a href="https://www.benzinga.com/news/24/05/38906756/boeings-outgoing-ceo-dave-calhoun-reelected-to-board-despite-safety-concerns-at-company">coinciding with the announcement of current CEO</a> Dave Calhoun&#8216;s impending departure.
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39947663/peter-schiff-says-americans-are-broke-points-to-fords-dismal-q2-profit-they-cant-afford-to-buy-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Says &#8216;Americans Are Broke&#8217; — Points To Ford&#8217;s Dismal Q2 Profit: &#8216;They Can&#8217;t Afford To Buy New Cars&#8217; Due To Interest Rates</a>
Despite her background in finance and relatively short tenure in manufacturing, Pope has been endorsed by Calhoun as his natural successor. Her proactive approach at the airshow, including meeting with customers to address their concerns about delayed aircraft deliveries, has been well-received.
"I'm impressed with her, I think she's a quick learner," said John Plueger, the CEO of&nbsp;Air Lease Corp. 
"I'll restate that 24/7 I'm focused on the BCA recovery," Pope said. BCA is an acronym for Boeing's commercial airplane business. "That is my priority and that is my focus."
Pat Shanahan, CEO of Spirit AeroSystems Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>), and a former Boeing executive is a leading candidate as the planemaker looks to consolidate its former aerostructures division. According to the report, directors have been intently reviewing other external candidates as well.
Why It Matters: The Farnborough Airshow appearance comes at a crucial time for Boeing. Recently, Boeing resumed <a href="https://www.benzinga.com/markets/equities/24/07/39928770/boeing-resumes-737-max-deliveries-to-china-after-regulatory-delay-report">737 MAX deliveries to China</a> after a regulatory delay, marking a significant step in restoring its global operations. This comes after a prolonged halt due to a review of the batteries powering the cockpit voice recorder.
Boeing&#8217;s <a href="https://www.benzinga.com/markets/equities/24/07/39878752/boeings-commercial-market-outlook-predicts-soaring-demand-44-000-new-airplanes-needed-by-2043">Commercial Market Outlook</a> predicted a 3% increase in airplane deliveries over the next 20 years, estimating a need for nearly 44,000 new commercial airplanes by 2043. This forecast highlights the potential growth in the aviation sector, driven by emerging markets and single-aisle market demand.
However, Boeing also faces internal challenges. Last week, Washington state factory workers <a href="https://www.benzinga.com/news/24/07/39836988/boeing-workers-vote-for-strike-mandate">voted overwhelmingly in favor of a strike mandate</a>, demanding a 40% raise during their first full negotiation with Boeing in 16 years. This mandate, with over 99% approval, underscores the workers&#8217; determination but also adds pressure on the company&#8217;s management.
Price Action: Boeing stock closed at $184.35 on Thursday, up 2.38% for the day. In pre-market trading, the stock rose 0.46%. However, the stock is down $67.41, or 26.78%, year to date, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39951461/markets-are-sounding-an-alarm-peter-schiff-warns-federal-reserve-should-cut-rates-b?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Markets Are Sounding An Alarm:&#8217; Peter Schiff Warns Federal Reserve Should Cut Rates Before Recession Hits</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Management

Markets

Boeing's CEO Search Intensifies As Stephanie Pope Takes Center Stage At Farnborough International Airshow

Health Care

General

AVTR

Avantor Reported Q2 Operating Cash Flow Of $281M And Free Cash Flow Of $235M

Avantor Q2 2024 Adj EPS $0.25 Beats $0.23 Estimate, Sales $1.703B Inline

Needham analyst Joshua Reilly reiterates Tyler Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) with a Buy and maintains $600 price target.

Needham Reiterates Buy on Tyler Technologies, Maintains $600 Price Target

Centene Increased Its 2024 Premium And Service Revenues Guidance Range By $5B To $141B-$143B To Reflect An Additional $2B Commercial Premium Revenue, $2B Medicare Premium Revenue And $1B Medicaid Premium Revenue

The question of whether former President Donald Trump might replace Sen. J.D. Vance (R-Ohio) as his vice presidential candidate has been raised. This speculation is due to Vance&#8217;s underwhelming polling and the growing momentum of Vice President Kamala Harris. Despite Trump&#8217;s continued support for Vance, the possibility of a replacement is being discussed.
What Happened: Republican Party rules technically allow Trump to select a new running mate. However, such a decision would need to be made swiftly. The party could either reconvene its national convention or proceed with a vote of the smaller group of Republican National Committee members to determine Vance&#8217;s replacement, Business Insider <a href="https://www.businessinsider.com/how-donald-trump-could-replace-jd-vance-vice-president-poll-2024-7">reported</a> on Friday.
Time is a significant factor, with early voting beginning in some states in September. Amy Dacey, former CEO of the Democratic National Committee, and Kenneth Mayer, a recently retired political science professor, both highlighted the complications that arise once ballots are printed. They described the potential replacement of Vance as &#8220;extraordinarily disruptive.&#8221;
&#8220;I think sometimes what people forget is that people start voting in September&#8230;And the worst case scenario would be for your nominees not to appear on a ballot in a state,&#8221; Dacey said. 
Despite the speculation, Trump reaffirmed his support for Vance on Thursday, stating that Vance was &#8220;doing a great job.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/07/39922362/hillary-clinton-says-kamala-harris-is-chronically-underestimated-says-vp-can-prosecute-a-compelling?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hillary Clinton Says Kamala Harris is &#8216;Chronically Underestimated&#8217; — Says VP Can &#8216;Prosecute A Compelling Case&#8217; Against Failed President Trump</a>
Why It Matters: Vance&#8217;s selection as <a href="https://www.benzinga.com/general/politics/24/07/39873381/trump-vp-pick-j-d-vance-worth-watching-for-potential-google-breakup-market-strategist-says-not-a">Trump&#8217;s running mate</a> had implications for several sectors, particularly the cryptocurrency industry, due to his pro-crypto stance and Bitcoin holdings. However, <a href="https://www.benzinga.com/general/politics/24/07/39916075/j-d-vance-venture-capital-background-under-scrutiny-it-never-seemed-like-he-was-even-working-it-">Vance&#8217;s venture capital</a> background and his short political career have come under scrutiny.
Nobel Prize-winning economist, Paul Krugman, highlighted <a href="https://www.benzinga.com/news/24/07/39975790/trump-vp-choice-jd-vance-is-a-tech-bro-pick-says-paul-krugman-same-people-last-year-were-infatuated">Vance&#8217;s strong backing </a>from the tech community, the same group that had previously shown a strong interest in Robert F. Kennedy Jr. This connection has brought Vance&#8217;s selection as VP candidate under the spotlight.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39924772/democratic-mega-donors-predict-kamala-harris-to-pick-vp-among-these-3-lawmakers-as-presidential-race?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Democratic Mega Donors Predict Kamala Harris To Pick VP Among These 3 Lawmakers As Presidential Race Against Trump Heats Up</a></li>
</ul>
Photo: Consolidated News Photos/Shutterstock.com
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

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Ameritrans Capital

News

Latest news for Ameritrans Capital (OTC:AMTPQ) Stock