Stocks Touching New Lows: Meadowbrook Insurance Group (NYSE:MIG), Walter Investment Management (NYSE:WAC), SDT, America’s Car-Mart, (NASDAQ:CRMT)

Posted by on Feb 20, 2014

Meadowbrook Insurance Group Inc. (NYSE:MIG) updated its FY14 earnings guidance on Tuesday. The company provided EPS guidance of $0.50-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.53, American Banking News.com reports. Meadowbrook Insurance Group, Inc. (NYSE:MIG) stock decreased -6.12% and finished the last session at $5.98. The EPS of the stock remained -1.25. Company’s market capitalization is $298.33 million.

Ned Davis Research lowered shares of Walter Investment Management Corp. (NYSE:WAC) from a neutral rating to a sell rating in a research report released on Tuesday morning, AmericanBankingNews.com reports. Walter Investment Management Corp (NYSE:WAC) shares closed at $27.00 on last trade day, by losing -3.02%. Stock 52 week range is $26.98 – $49.99. Company’s market capitalization is $999.38 million.

SandRidge Mississippian Trust I (NYSE:SDT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday, AnalystRatingsNetwork.com reports. They currently have a $8.20 price objective on the stock. Zacks‘ price target would suggest a potential downside of 4.65% from the company’s current price. Sandridge Mississippian Trust I (NYSE:SDT) stock opened at $8.09 in last trading session and closed at $7.85. The 52 week range of the stock is $7.59 – $16.74 and the day range was $7.59 – $8.09.

America’s Car-Mart, Inc. (NASDAQ:CRMT)of Bentonville on Tuesday reported third-quarter profit of $1.5 million, or 16 cents per share, down 81 percent from $8 million, or 84 cents per share, in the same quarter last year. The drop in profit came after a $4.9 million non-cash after-tax charge resulting from an increase to the allowance for credit losses. The company, which sells and finances used automobiles, said it increased that allowance amid tough economic conditions for customers and “stubbornly high net charge-off levels.” America’s Car-Mart, Inc. (NASDAQ:CRMT) stock opened at $36.65 in last trading session, and closed at $35.72, trading in the range of $35.50 – 36.74. The stock showed a negative weekly performance of -4.75%.

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