|Bid||0.00 x 1100|
|Ask||0.00 x 47300|
|Day's Range||6.88 - 7.47|
|52 Week Range||3.19 - 8.45|
|Beta (3Y Monthly)||1.79|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Voce Capital Management disclosed on Oct. 15 that it held 1,863,557 shares of the property and casualty insurer, equal to 5.4% of Argo’s outstanding stock. Its recommendations include the removal of the five longest-serving directors, the election of independent directors to at least partially fill the vacated seats, and the creation of a special committee that “will respond to the SEC subpoena” and conduct a “comprehensive investigation, with the assistance of an outside law firm, into any misappropriation of corporate assets,” along with any other misconduct.
Herbert’s departure comes three days after USAT’s largest investor, New York hedge fund Hudson Executive Capital, said it planned to nominate a slate of independent candidates to take over the company’s board.
A hedge fund run by a former JPMorgan CFO said it had “exhausted every reasonable means” to implement what it deems necessary changes and plans to nominate its own slate of board candidates.
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the first quarter, which unveil their equity positions as of March 31. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
USA Technologies (USAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors need to pay close attention to USA Technologies (USAT) stock based on the movements in the options market lately.