On June 4, American Capital Ltd. (NASDAQ:ACAS) took a step toward strengthening its portfolio by acquiring Premier Food Services through its subsidiary, SMG Holdings, Inc. The financial terms of the transaction were not disclosed. American Capital Ltd. (NASDAQ:ACAS) net profit margin is 58.00% and weekly performance is 1.42%. On last trading day company shares ended up $14.97. Analysts mean target price for the company is $17.43. American Capital Ltd. (NASDAQ:ACAS) distance from 50-day simple moving average (SMA50) is 0.52%.
The Bank of New York Mellon Corporation (NYSE:BK) Finds Promise and Integration Challenges with Hadoop. BNY Mellon, Target, British Gas and other companies spoke at the Hadoop Summit conference in San Jose about the challenges of integrating Hadoop software with existing software at their companies. The Bank of New York Mellon Corporation (NYSE:BK) shares advanced 0.69% in last trading session and ended the day on $35.19. BK Gross Margin is 79.30% and its return on assets is 0.70%. The Bank of New York Mellon Corporation (NYSE:BK) quarterly performance is 5.55%.
On June 2, 2014, Voya Financial Inc (NYSE:VOYA) announced that it has entered into an agreement with Milliman, Inc. whereby Voya Financial will outsource the actuarial valuation, modeling and hedging functions for its Closed Block Variable Annuity (CBVA) segment to Milliman. Under the agreement, Milliman will perform the calculation of financial reporting and risk metrics, along with the analytics used to determine hedge positions. Voya Financial will continue to oversee and manage the CBVA segment and also retain full accountability for assumptions and methodologies, as well as the setting of hedge objectives and execution of hedge positions. Voya Financial Inc (NYSE:VOYA) shares moved up 0.72% in last trading session and was closed at $36.36, while trading in range of $36.13 – $36.45. Voya Financial Inc (NYSE:VOYA)year to date (YTD) performance is 3.50%.
Dynegy (NYSE:DYN) major shareholder Franklin Resources, Inc. (NYSE:BEN) sold 175,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $34.06, for a total transaction of $5,960,500.00. Franklin Resources, Inc. (NYSE:BEN) ended the last trading day at $56.59. Company weekly volatility is calculated as 1.30% and price to cash ratio as 5.14. Franklin Resources, Inc. (NYSE:BEN) showed a positive weekly performance of 2.50%.
KKR & Co. L.P. (NYSE:KKR) recently headed a consortium to acquire a stake in COFCO Meat. The latter is a subsidiary of COFCO Group – the largest food processing, manufacturing and trading company based in China. Notably, the financial terms and conditions of the deal were not disclosed. KKR & Co. L.P. (NYSE:KKR) ended the last trading day at $24.05. Company weekly volatility is calculated as 1.89% and price to cash ratio as 8.60. KKR & Co. L.P. (NYSE:KKR) showed a positive weekly performance of 5.81%.