advanced after the New York-based brokerage said it was buying ""substantially all" of the North American assets of Amerex Energy for $86 million.
GFI expects the acquisition to immediately add to its earnings. The company also increased its third-quarter revenue guidance, saying the company expects to exceed 30% growth in brokerage revenue over the year-ago period. Shares climbed $3.64, or 7.83%, to $50.11.
National Financial Partners
shares rose after announcing the insurance broker said it had completed a 1.6-million-share secondary offering.
The New York-based firm said shares were sold in a block trade by current and former principals of companies acquired by NFP. The insurance brokerage will not receive any proceeds from the sale. Swiss-based financial services giant UBS bought-up the shares and will resell the stock to the public. Shares gained $1.21, or 3.3%, to $37.71.
T. Rowe Price
said its board approved a 14-cents-a-share dividend. The dividend is unchanged from the prior quarter. Shares slipped 44 cents, or 1%, to $43.75.
gained after the Berwyn, Pa.-based credit services company reported better-than-expected fourth-quarter earnings.
The company earned $1.9 million, or 10 cents a share, compared with $3.1 million, or 17 cents a share, a year ago. Excluding charges, the company earned $7.3 million, or 38 cents a share. Analysts, as polled by Thomson Financial, were looking for earnings of 33 cents a share. Revenue increased 13.5% to $86.9 million, which also surpassed analyst expectations.
Looking ahead, the company said it expects earnings in the next fiscal year to range between $1.50 and $1.56 a share. Analysts had been looking for the company to earn $1.48 a share. Shares were trading up 15 cents to $19.02.
( OXPS) said its board approved a 5-cents-a-share dividend. Shares were trading down 62 cents, or 2.3%, to $26.24.