Saratoga Investment Corp 6.00% Notes due 2027 Stock (NYSE: SAT)

Latest news for Saratoga Investment Corp 6.00% Notes due 2027 (NYSE:SAT) Stock

Saratoga Investment Corp 6.00% Notes due 2027

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Beyond Meat shares are trading lower following a report suggesting the company's liquidity has weakened and it is engaging bondholders for debt discussions.

Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) reported quarterly earnings of $2.72 per share which missed the analyst consensus estimate of $2.86 by 4.9 percent. The company reported quarterly sales of $4.632 billion which beat the analyst consensus estimate of $4.434 billion by 4.46 percent. This is a 8.85 percent decrease over sales of $5.082 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

News

STLD

Steel Dynamics Q2 2024 GAAP EPS $2.72 Misses $2.86 Estimate, Sales $4.632B Beat $4.434B Estimate

F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.35 by 2.86 percent. This is a 12.82 percent decrease over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $406.73 million which missed the analyst consensus estimate of $408.11 million by 0.34 percent. This is a 0.69 percent decrease over sales of $409.55 million the same period last year.

F N B Q2 Adj $0.34 Misses $0.35 Estimate, Sales $406.73M Miss $408.11M Estimate

Beyond Meat, the purveyor of plant-based meat substitutes, has engaged with a group of bondholders to initiate discussions about a balance-sheet restructuring, according to people familiar with the matter.&nbsp;
The Los Angeles-based company's liquidity has diminished over the past several quarters as it continues to burn cash. The group of bondholders, which has interests in Beyond Meat's $1.1 billion of convertible notes, is working with the law firm Akin Gump Strauss Hauer &amp; Feld, the people familiar with the matter said. The company is represented by Latham &amp; Watkins.
<a href="https://www.wsj.com/articles/beyond-meat-engages-bondholders-for-restructuring-talks-7de6b8ae?mod=Searchresults_pos1&amp;page=1" title="https://www.wsj.com/articles/beyond-meat-engages-bondholders-for-restructuring-talks-7de6b8ae?mod=Searchresults_pos1&amp;page=1">https://www.wsj.com/articles/beyond-meat-engages-bondholders-for-restructuring-talks-7de6b8ae?mod=Searchresults_pos1&amp;page=1</a>

'Beyond Meat Engages Bondholders for Restructuring Talks' - WSJ

Guidance

First Industrial Realty Trust Boosts 2024 NAREIT FFO Guidance $0.03 At The Midpoint To $2.57 - $2.65 Per Share/Unit; Est $2.59

Arch Capital Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACGL#NASDAQ">ACGL</a>) has outperformed the market over the past 10 years by 7.23% on an annualized basis producing an average annual return of 18.11%. Currently, Arch Capital Group has a market capitalization of $36.75 billion. 
Buying $1000 In ACGL: If an investor had bought $1000 of ACGL stock 10 years ago, it would be worth $5,248.66 today based on a price of $97.87 for ACGL at the time of writing.
<h3>Arch Capital Group's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721248226_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

ACGL

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $5,200 Today

Casella Waste Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) has outperformed the market over the past 5 years by 7.53% on an annualized basis producing an average annual return of 20.7%. Currently, Casella Waste Sys has a market capitalization of $6.20 billion. 
Buying $1000 In CWST: If an investor had bought $1000 of CWST stock 5 years ago, it would be worth $2,537.07 today based on a price of $106.76 for CWST at the time of writing.
<h3>Casella Waste Sys's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721248220_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CWST

Here's How Much $1000 Invested In Casella Waste Sys 5 Years Ago Would Be Worth Today

<h3>GAINERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/HERTF">Heritage Cannabis Holding</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HERTF#OTC">HERTF</a>) shares closed up 40.00% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/ELLXF">Elixinol Wellness</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ELLXF#OTC">ELLXF</a>) shares closed up 24.00% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/NWVCF">EnWave</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NWVCF#OTC">NWVCF</a>) shares closed up 14.32% at $0.19</li>
<li><a href="https://www.benzinga.com/quote/CBDY">Target Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBDY#OTC">CBDY</a>) shares closed up 7.50% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/CNTMF">Cansortium</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNTMF#OTC">CNTMF</a>) shares closed up 7.12% at $0.13</li>
<li><a href="https://www.benzinga.com/quote/YCBD">cbdMD</a> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/YCBD#AMEX">YCBD</a>) shares closed up 5.74% at $0.65</li>
<li><a href="https://www.benzinga.com/quote/GBHPF">Global Hemp Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GBHPF#OTC">GBHPF</a>) shares closed up 4.82% at $0.05</li>
<li><a href="https://www.benzinga.com/quote/KAYS">Kaya Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KAYS#OTC">KAYS</a>) shares closed up 3.86% at $0.04</li>
<li><a href="https://www.benzinga.com/quote/LMLLF">Pharmadrug</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LMLLF#OTC">LMLLF</a>) shares closed up 3.85% at $0.01</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/MJNE">MJ Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MJNE#OTC">MJNE</a>) shares closed down 94.74% at $0.0001</li>
<li><a href="https://www.benzinga.com/quote/LVRLF">CordovaCann</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVRLF#OTC">LVRLF</a>) shares closed down 18.03% at $0.05</li>
<li><a href="https://www.benzinga.com/quote/FUAPF">Global Compliance</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUAPF#OTC">FUAPF</a>) shares closed down 10.87% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/BMMJ">Body and Mind</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMMJ#OTC">BMMJ</a>) shares closed down 9.09% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/UGRO">Urban-gro</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UGRO#NASDAQ">UGRO</a>) shares closed down 7.19% at $1.54</li>
<li><a href="https://www.benzinga.com/quote/OILFF">Nextleaf Solutions</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OILFF#OTC">OILFF</a>) shares closed down 6.55% at $0.06</li>
<li><a href="https://www.benzinga.com/quote/TGIFF">1933 Industries</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGIFF#OTC">TGIFF</a>) shares closed down 4.62% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/GTBIF">Green Thumb Industries</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTC">GTBIF</a>) shares closed down 3.28% at $11.79</li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cannabis

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BMMJ

CBDY

CNTMF

ELLXF

FUAPF

GBHPF

GTBIF

HERTF

KAYS

LMLLF

LVRLF

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NWVCF

OILFF

TGIFF

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YCBD

Marijuana Stock Movers For July 17, 2024

Barclays analyst Dan Levy maintains Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Equal-Weight and raises the price target from $180 to $225.

Price Target

Analyst Ratings

TSLA

Barclays Maintains Equal-Weight on Tesla, Raises Price Target to $225

SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) reported quarterly losses of $(0.04) per share which beat the analyst consensus estimate of $(0.13) by 69.23 percent. The company reported quarterly sales of $222.82 million which beat the analyst consensus estimate of $149.28 million by 49.26 percent. This is a 34.51 percent increase over sales of $165.65 million the same period last year.

SL Green Realty Q2 2024 Adj EPS $(0.04) Beats $(0.13) Estimate, Sales $222.82M Beat $149.28M Estimate

First Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FR#NYSE">FR</a>) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.64 by 3.13 percent. This is a 8.2 percent increase over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $164.136 million which missed the analyst consensus estimate of $164.580 million by 0.27 percent. This is a 7.83 percent increase over sales of $152.223 million the same period last year.

First Industrial Realty Q2 2024 FFO $0.66 Beats $0.64 Estimate, Sales $164.136M Miss $164.580M Estimate

Discover Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) reported quarterly earnings of $6.06 per share which beat the analyst consensus estimate of $3.07 by 97.39 percent.

Discover Finl Q2 2024 GAAP EPS $6.06 vs $3.07 Estimate, Net Interest Income $3.524B

Venture capital has long been the oxygen that fuels the growth of start-ups, yet it comes with its own share of drawbacks, primarily in the form of equity dilution. Founders find themselves giving up more control with each funding round and progressively distancing themselves from the very companies they brought to life. Here lies the paradox in modern startup financing: despite the availability of venture debt&mdash;a less dilutive alternative&mdash;many companies hesitate to leverage it. This is influenced by antiquated biases and a deep-seated aversion to debt. And this unfounded fear, steeped in historical precedents and cultural narratives, needs to be acknowledged and reevaluated.&nbsp;
Debt, in its essence, is often viewed through a prism of skepticism and fear. This perspective is not new. Historical texts and teachings, such as those found in the Bible, have long warned against the perils of debt. Proverbs 22:26-27 advises against becoming &ldquo;one of those who enter agreements, who put up security for loans,&rdquo; cautioning that failure to repay can lead to dire consequences. While these admonitions were apt in an era when financial systems were rudimentary and punitive, they are less relevant in today&rsquo;s sophisticated economic environments. Yet, these ancient warnings continue to color the perceptions of debt in the modern corporate psyche&mdash;discouraging its use even when it could serve a beneficial purpose.
Venture debt is designed to complement venture capital as a strategic instrument to minimize equity dilution, especially for companies that possess a clear path to profitability. It allows founders to retain more control over their company while still securing the necessary capital to grow. Despite this, the startup ecosystem remains wary, and the roots of this wariness lie not only in historical prejudices but also in a lack of understanding of venture debt&rsquo;s potential benefits and its operational mechanics.
The reluctance to embrace venture debt is particularly perplexing given its advantages. It is typically structured with the unique needs of the company in mind, and it does not necessitate the surrender of board seats or the relinquishing of significant control over strategic decisions&mdash;a critical consideration for founders who wish to steer their venture&rsquo;s direction.
The bias against venture debt often reflects a broader hesitancy towards any form of debt, fueled by high-profile failures and bankruptcy tales that captivate public attention much more than narratives of prudent debt management and success. However, such views overlook the myriad successful ventures that have harnessed debt judiciously to navigate growth phases while safeguarding founder control and stakeholder value. In these cases, debt was most appropriate (and useful) for only the strongest companies with clear paths to profitability or exit.
The collapse of Silicon Valley Bank (SVB) provides a key example in this light. When it failed in March 2023, it not only impacted the startup ecosystem&rsquo;s bank accounts but also severely <a href="https://techcrunch.com/2023/06/02/private-lenders-venture-debt-svb/">diminished the credibility of venture debt</a> among those unfamiliar with the bank&rsquo;s lending practices. In short, SVB was the preeminent bank that provided credit to really early-stage companies based on their venture capital sponsors rather than their business metrics or fundamentals. This approach made their loans inherently risky (compared to late-stage loans), as these companies often lacked the typical metrics or collateral required for underwriting. Nonetheless, the spotlight of SVB&rsquo;s collapse led many to believe that all players in the venture debt community issued similar high-risk loans despite the truth being the opposite of SVB&rsquo;s model.
What is needed today is a cultural shift within the startup community towards a more nuanced understanding of financial instruments, especially venture debt, and education as well as successful case studies can play pivotal roles in this transformation. Founders must also critically assess their financing strategies and weigh the long-term risks of equity dilution against the potential benefits of venture debt. By highlighting examples where venture debt has enabled startups to thrive without the heavy cost of equity dilution, the industry can begin to dismantle outdated perceptions.
Overall, the startup community must awaken to the reality that unconscious biases extend into financial instruments and capital raising practices. Embracing venture debt could well be the key to a new era of startup financing where founders maintain greater control and companies are unburdened by the heavy yoke of unnecessary dilution.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Startups

General

The Unwarranted Fear Of Venture Debt: Dispelling Unconscious Biases In Startup Financing

CHUY

Trading Halt: Halt status updated at 4:25:00 PM ET: Quotation Resumption: News and Resumption Times

Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) reported quarterly earnings of $0.70 per share which beat the analyst consensus estimate of $0.67 by 4.48 percent. This is unchanged from the same period last year. The company reported quarterly sales of $122.70 million which beat the analyst consensus estimate of $121.48 million by 1.00 percent. This is a 1.72 percent increase over sales of $120.63 million the same period last year.

Cohen & Steers Q2 EPS $0.70 Beats $0.67 Estimate, Sales $122.70M Beat $121.48M Estimate

JP Morgan analyst Alexei Gogolev maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight and raises the price target from $260 to $328.

APPF

JP Morgan Maintains Overweight on AppFolio, Raises Price Target to $328

The Biden administration&#8217;s escalating restrictions on China&#8217;s access to <a href="https://www.benzinga.com/news/24/07/39824702/ai-infrastructure-ceo-says-customers-are-showing-relentless-demand-for-nvidia-chips-and-nvidia-chips">high-end semiconductors</a> and technology, along with the potential for higher tariffs under future administrations, have stirred significant concern among investors.
However, amid the broad headwinds facing many companies, JPMorgan analyst Samik Chatterjee has identified a select group of tech stocks that could stand to benefit from these geopolitical tensions.
<h3 class="wp-block-heading">1. Flex Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>)</h3>
Flex is strategically positioned to benefit from the changing geopolitical landscape, Chatterjee notes. 
With heightened restrictions on China, Flex&#8217;s extensive manufacturing capabilities outside China become increasingly valuable. This allows Flex to attract business from companies seeking to mitigate risks associated with China&#8217;s regulatory uncertainties. 
Chatterjee sees Flex as a key player poised to leverage these global supply chain shifts.
Read Also: <a href="https://www.benzinga.com/government/24/07/39816230/whats-going-on-with-nvidia-amd-and-semiconductor-peer-stocks-on-wednesday">What&#8217;s Going On With Nvidia, AMD And More Semiconductor Stocks Wednesday?</a>
<h3 class="wp-block-heading">2. Jabil Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>)</h3>
JPMorgan's Chatterjee also identifies Jabil as a significant beneficiary of the current environment. As an Electronic Manufacturing Services (EMS) provider with diversified manufacturing locations, Jabil is well-placed to capitalize on clients&#8217; efforts to move production away from China. 
This strategic advantage positions Jabil favorably in the context of the U.S.'s tougher stance on China.
<h3 class="wp-block-heading">3. Ciena Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>)</h3>
In the realm of networking technology, Chatterjee points to Ciena as a likely beneficiary. The analyst notes that restrictions on China&#8217;s access to high-end chips could hinder the capabilities of China-based Network Equipment Manufacturers (NEMs). 
This scenario presents an opportunity for companies like Ciena, which boasts differentiated intellectual property and advanced networking solutions, to capture market share.
<h3 class="wp-block-heading">4. Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>)</h3>
Arista Networks is another company Chatterjee highlights as benefiting from the U.S. crackdown. 
With its cutting-edge networking technology, Arista stands to gain as Chinese NEMs struggle with restricted access to essential components. 
Chatterjee anticipates increased demand for Arista's solutions as companies seek alternatives to maintain competitive networking infrastructure.
<h3 class="wp-block-heading">5. Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>)</h3>
Finally, Cisco Systems emerges as a potential winner in Chatterjee's analysis. 
As a leader in networking technology, Cisco is well-positioned to benefit from the restrictions affecting Chinese manufacturers. 
Chatterjee expects Cisco to see enhanced market opportunities due to its robust portfolio of networking equipment and services, which can serve as viable alternatives for restricted Chinese competitors.
While the U.S. administration&#8217;s increasing restrictions on China present challenges for many companies, Flex, Jabil, Ciena, Arista Networks, and Cisco Systems are well-positioned to navigate these changes and potentially benefit from the evolving geopolitical landscape. 
As investors monitor the implications of these restrictions, these tech stocks stand out as promising opportunities in a complex regulatory environment.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39821315/ai-earthquake-semiconductors-suffer-worst-selloff-in-years-on-stricter-us-chip-expo">AI Earthquake: Semiconductors Suffer Worst Selloff In Years On Stricter US Chip Exports To China</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Long Ideas

Tech

ANET

CIEN

CSCO

FLEX

5 Tech Stocks Set To Gain From US Chip Crackdown On China: JPMorgan

United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) reported second-quarter financial results Wednesday after the bell. Here&#8217;s a look at the <a href="https://www.benzinga.com/quote/UAL">key metrics from the quarter</a>.
Q2 Earnings: United Airlines reported second-quarter revenue of $14.986 billion, missing the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $15.096 billion, according to&nbsp;<a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The airline company reported adjusted quarterly earnings of $4.14 per share, beating analyst estimates of $3.95 per share.
United said capacity was up 8.3% on a year-over-year basis. TRASM (total revenue per available seat mile) was down 2.4% and CASM (cost per available seat mile) was down 4.8%.
United ended the quarter with $18.2 billion in total liquidity and $26.6 billion in total debt and finance lease obligations.
&#8220;The revenue diversity advantages that we&#8217;ve built with our premium customers, Basic Economy customers, and domestic road warriors, on top of the world&#8217;s best loyalty program and leading customer service, have propelled our margins to near the top of the industry,&#8221; said&nbsp;Scott Kirby, CEO of United Airlines.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39823332/nasdaq-100-suffers-worst-day-in-11-months-as-chipmakers-tumble-on-china-curbs-magnificent-">Nasdaq 100 Suffers Worst Day In 11 Months As Chipmakers Tumble On China Curbs; Magnificent 7 Wipe Out $500B : What&#8217;s Driving Markets Wednesday?</a>
Outlook: United Airlines reiterated expectations for full-year 2024 adjusted earnings of $9 to $11 per share versus estimates of $10.04 per share.
&#8220;Looking forward, we see multiple airlines have begun to cancel loss-making capacity, and we expect leading unit revenue performance among our largest peers in the second half of the third quarter. United has long been preparing for the moment when industry wide domestic capacity would adjust — it&#8217;s now clear that inflection point is just 30 days away,&#8221; Kirby said.
Management will hold a conference call to discuss its quarterly results Thursday morning at 10:30 a.m. ET.
United Airlines shares dropped about 6% last week after Delta Air Lines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) fell on <a href="https://www.benzinga.com/news/earnings/24/07/39726801/delta-air-lines-q2-earnings-eps-miss-revenue-beat-underwhelming-q3-eps-outlook-and-more" target="_blank" rel="noreferrer noopener">second-quarter earnings</a>. Delta&#8217;s guidance came up short of analyst estimates as rising costs and increased capacity weighed on profitability. That move may be taking some of the sting out of United&#8217;s top-line miss Wednesday.
UAL Price Action: <a href="https://www.benzinga.com/quote/UAL" target="_blank" rel="noreferrer noopener">United Airlines shares</a> were down 0.94% in after hours, trading at $46.50at the time of publication, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/07/39824201/stock-of-the-day-johnson-johnson-hits-crucial-roadblock-can-it-break-through">Stock Of The Day: Johnson &amp; Johnson Hits Crucial Roadblock — Can It Break Through?</a></li>
</ul>
Photo: Shutterstock.

Travel

United Airlines Q2 Earnings: Revenue Miss, EPS Beat, Guidance Unchanged And More

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) reported &nbsp;reported quarterly sales of $70.817 million which beat the analyst consensus estimate of $69.805 million by 1.45 percent. This is a 1.37 percent decrease over sales of $71.803 million the same period last year.

OSBC

Old Second Bancorp Q2 2024 Sales $70.817M Beat $69.805M Estimate

Village Super Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLGEA#NASDAQ">VLGEA</a>), is deeply saddened to announce the passing of William P. Sumas (Bill), Chairman of the Board, member and key leader in the Wakefern Food Corp. (Wakefern) cooperative and the supermarket industry. &nbsp;
Mr. Sumas, 77, passed peacefully surrounded by loved ones on Thursday, July 11, 2024. Mr. Sumas joined Village in 1960 and served as Chairman of the Board since 2017. He was also the longest serving Chairman of the Board of the New Jersey Food Council from 2000-2007.
Robert Sumas, Chief Executive Officer and Vice Chairman of the Board of Directors, will be the interim Chairman of the Board until the Board meets to appoint a new Chair.

Management

VLGEA

Village Super Market Announces The Passing Of Its Chairman Of The Board William Perry Sumas; Robert Sumas, Chief Executive Officer And Vice Chairman Of The Board Of Directors, Will Be The Interim Chairman Of The Board Until The Board Meets To Appoint A New Chair

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Saratoga Investment Corp 6.00% Notes due 2027

News

Latest news for Saratoga Investment Corp 6.00% Notes due 2027 (NYSE:SAT) Stock