Adriatic Metals brings in EBRD veteran as non-exec
Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) has appointed Eric Rasmussen as a non-executive director with immediate effect. Rasmussen has significant experience in the financing of European and global mining projects, Adriatic added, most recently at Rio Tinto and the European Bank for Reconstruction and Development (EBRD) for 27 years, where he was Global Head of Natural Resources between 2013-2022.
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ADT Inc. (NYSE:ADT) Shares Sold by Beacon Pointe Advisors LLC
Beacon Pointe Advisors LLC lowered its position in ADT Inc. (NYSE:ADT – Free Report) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 242,694 shares of the security and automation business’s stock after selling 23,737 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in ADT were worth $1,655,000 at the end of the most recent reporting period. A number of other hedge funds have also recently modified their holdings of ADT. Nordea Investment Management AB acquired a new position in ADT in the 4th quarter valued at about $6,696,000. Deutsche Bank AG grew its position in ADT by 44.2% in the third quarter. Deutsche Bank AG now owns 1,966,871 shares of the security and automation business’s stock worth $11,801,000 after acquiring an additional 602,704 shares during the period. Pacer Advisors Inc. increased its stake in ADT by 21.3% during the fourth quarter. Pacer Advisors Inc. now owns 15,627,166 shares of the security and automation business’s stock worth $106,577,000 after acquiring an additional 2,740,447 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in ADT by 11.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,972,786 shares of the security and automation business’s stock valued at $17,837,000 after purchasing an additional 304,754 shares during the period. Finally, Gotham Asset Management LLC lifted its stake in shares of ADT by 69.6% in the 3rd quarter. Gotham Asset Management LLC now owns 516,156 shares of the security and automation business’s stock valued at $3,097,000 after purchasing an additional 211,807 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock. ADT Price Performance ADT stock opened at $7.18 on Monday. The business’s 50-day moving average is $6.59 and its two-hundred day moving average is $6.52. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.71 and a quick ratio of 0.56. The firm has a market capitalization of $6.62 billion, a P/E ratio of 10.26 and a beta of 1.56. ADT Inc. has a 1 year low of $5.53 and a 1 year high of $7.60. ADT (NYSE:ADT – Get Free Report) last issued its earnings results on Thursday, April 25th. The security and automation business reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. ADT had a net margin of 12.81% and a return on equity of 15.98%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company earned $0.11 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. Analysts anticipate that ADT Inc. will post 0.67 earnings per share for the current fiscal year. ADT Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.22 annualized dividend and a dividend yield of 3.06%. ADT’s dividend payout ratio is currently 31.43%. Analyst Upgrades and Downgrades Several research firms have recently commented on ADT. Barclays lowered their price target on ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Friday, March 22nd. The Goldman Sachs Group increased their target price on shares of ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a report on Thursday, February 29th. View Our Latest Stock Analysis on ADT ADT Company Profile (Free Report) ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems. Read More Five stocks we like better than ADT Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours? Canada Goose Flies Higher Driven By DTC Growth Industrial Products Stocks Investing CVS Health Stock Has a Silver Lining Called Value What is a Special Dividend? Magnificent 7 Still Magnificent as the Halfway Mark Approaches?
