Tiptree Financial Inc (NASDAQ:TIPT) announced on Feb. 7, 2014 that it has completed its previously announced strategic transaction with Luxury Mortgage Corp. (“Luxury Mortgage” or the “Company”). Under terms of the related transaction agreements Tiptree has acquired a majority interest in Luxury Mortgage and its previously funded senior secured term loan remains outstanding. Tiptree Financial Inc (NASDAQ:TIPT) shares after opening at $7.75 moved to $13.98 on last trade day and at the end of the day closed at $7.83. Company price to sales ratio in past twelve months was calculated as 0.76 and price to cash ratio as 0.53. Tiptree Financial Inc (NASDAQ:TIPT) showed a positive weekly performance of 5.95%.
Kindred Biosciences, Inc. (NASDAQ:KIN) initiated the pivotal clinical trial for SentiKin (KIND-009) for post-operative pain in dogs.SentiKin is a centrally acting non-opioid, non-steroidal anti-inflammatory and non-steroidal analgesic drug. The proposed mechanism of action of SentiKin’s active ingredient is selective potassium channel opening activity with NMDA receptor antagonist properties, with resultant anti-nociceptive, anti-seizure, muscle relaxant, and neuroprotective activities. Richard Chin, Chief Executive Officer of Kindred Bio, stated, “We are excited to begin our third pivotal study, as we continue to pursue our mission of developing therapies for our animal family members.”Kindred Biosciences Inc (NASDAQ:KIN) shares fell -8.97% in last trading session and ended the day on $18.17. KIN return on equity ratio is recorded as -31.40% and its return on assets is -24.00%.
Forbes Energy Services Ltd. (NASDAQ:FES) announced on Mar 26, 2014 their financial and operating results for the three months and full fiscal year ended December 31, 2013.The Company reported consolidated revenues of $419.9 million for the full fiscal year 2013. Gross profit for the year was $95.8 million, or 22.8% of revenues. GAAP net loss attributable to common shares was $13.9 million, or $0.64 per diluted share. Adjusted EBITDA totaled $68.5 million for the full year 2013.Forbes Energy Services Ltd. (NASDAQ:FES) shares moved up 0.26% in last trading session and was closed at $3.91, while trading in range of $3.86-$3.94. Forbes Energy Services Ltd. (NASDAQ:FES) year to date performance is 19.57%.
Perry Ellis International, Inc. (NASDAQ:PERY) updated its FY15 earnings guidance on Thursday. The company provided EPS guidance of $0.75-0.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.01, Analyst Ratings Net reports. The company issued revenue guidance of $910-920 million, compared to the consensus revenue estimate of $918.18 million.Perry Ellis International also updated its Q4 guidance to $0.25-0.30 EPS.Perry Ellis International, Inc. (NASDAQ:PERY) weekly performance is 8.49%. On last trading day company shares ended up $14.69. Perry Ellis International, Inc. (NASDAQ:PERY) distance from 50-day simple moving average is 0.53%. Analysts mean target price for the company is $15.50.