Tower Group International, Ltd. (NASDAQ:TWGP), the insurer that agreed to be bought by ACP Re Ltd., plunged to a record low amid doubts over whether the deal will be completed. Tower Group International, Ltd. (NASDAQ:TWGP) net profit margin is -69.40% and weekly performance is -10.45%. On last trading day company shares ended up $1.80. Analysts mean target price for the company is $2.50. Tower Group International, Ltd. (NASDAQ:TWGP)distance from 50-day simple moving average (SMA50) is -18.23%.
On June 24, 2014, Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of Puerto Rico on behalf of investors who purchased Doral Financial Corp. (NYSE:DRL) common stock between April 2, 2012 and May 1, 2014. Doral Financial Corp. (NYSE:DRL) shares fell -4.64% in last trading session and ended the day on $4.32. DRL its return on assets is -1.20%. Doral Financial Corp. (NYSE:DRL) quarterly performance is -52.58%.
On June 30, 2014, Tiptree Financial Inc (NASDAQ:TIPT) informed its limited partners that TFP is delaying the redemptions into Class A common stock of Tiptree Financial Inc. (“Tiptree”) that were expected to occur beginning on July 1, 2014. A copy of the communication is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits Tiptree Financial Inc (NASDAQ:TIPT) shares moved down -8.13% in last trading session and was closed at $8.70, while trading in range of $8.49 – $9.68. Tiptree Financial Inc (NASDAQ:TIPT) year to date (YTD) performance is 18.53%.
On June 27, Gleacher & Company Inc (NASDAQ:GLCH) announced its intention to voluntarily delist its common stock, par value $0.01 per share, from the NASDAQ Global Select Market (“NASDAQ”). The Company intends to file a Form 25 with the Securities and Exchange Commission (“SEC”) on or about July 7, 2014 to commence the NASDAQ delisting process. Gleacher & Company Inc (NASDAQ:GLCH) ended the last trading day at $10.51. Company weekly volatility is calculated as 3.34% and price to cash ratio as 1.04. Gleacher & Company Inc (NASDAQ:GLCH)showed a negative weekly performance of -8.77%.