Tuesday's Winners & Losers: Accredited

Shares of Accredited Home Lenders(LEND Quote) were among the Nasdaq's winners Tuesday, soaring 24% after the subprime lender received a $200 million loan from Farallon Capital Management.

The five-year term loan has an annual interest rate of 13%. The loan, which can be paid at any time over the life of the loan, allows the company to fund working capital and mortgage loans, as well as other corporate purposes. As part of the loan, Accredited will issue 3.3 million warrants in a private placement. The warrants will have a strike price of $10 a share. Shares of Accredited were up $2.14 to $11.09.

Shares of FactSet Research(FDS Quote) rose 1% after the financial-data provider posted better-than-expected earnings and issued a revenue guidance that topped expectations. For the second quarter ended Feb. 28, the company earned $26.5 million, or 52 cents a share, on revenue of $116.3 million. The results included a tax benefit of 3 cents a share. Analysts polled by Thomson First Call expected earnings of 48 cents a share and revenue of $113.9 million. In the year-earlier period, the company earned $19.2 million, or 38 cents a share, on revenue of $93.7 million.

Looking ahead, FactSet forecast third-quarter revenue of $118 million to $121 million. Analysts, on average, project revenue of $117.9 million. FactSet also increased its stock buyback program by $100 million and doubled its quarterly dividend to 12 cents. Shares were trading up 70 cents to $65.40.