canaccord genuity group inc (CCORF) Key Developments
Canaccord Genuity Group Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015; Approves Quarterly Common Dividend and Series A and Series C Preferred Dividend, Payable on July 2, 2015 and June 30, 2015 Respectively
Jun 2 15
Canaccord Genuity Group Inc. reported earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported total revenue of $232.465 million compared to $253.748 million for the same period a year ago. Adjusted net income before tax was $12.418 million compared to $35.969 million for the same period a year ago. Adjusted net income was $8.820 million or $0.05 per diluted share compared to $29.075 million or $0.25 per diluted share for the same period a year ago. Net loss of $26.3 million compared to a net income of $25.9 million a year ago. Loss per common share of $0.33 compared to a diluted EPS of $0.22 a year ago.
For the year, the company reported total revenue of $880.763 million compared to $855.244 million for the same period a year ago. Adjusted net income before tax was $53.305 million compared to $84.657 million for the same period a year ago. Adjusted net income was $39.330 million or $0.25 per diluted share compared to $68.846 million or $0.54 per diluted share for the same period a year ago. Book value per diluted common share for the period end was $9.05, an increase of 18% or $1.37 from $7.68. Net loss was $11.3 million, compared to a net income of $52.1 million a year ago. Excluding significant items, diluted earnings per common share (EPS) of $0.25 compared to diluted EPS of $0.54 a year ago. Book value per diluted common share for the period end was $8.71, a decrease of 3.8 % or $0.34 from $9.05 a year ago.
On June 2, 2015, the board of directors of the company approved a quarterly dividend of $0.05 per common share payable on July 2, 2015 to common shareholders with a record date of June 19, 2015.
On June 2, 2015, the board of directors also approved a cash dividend of $0.34375 per Series A Preferred Share payable on June 30, 2015, with a record date of June 19, 2015, and approved a cash dividend of $0.359375 per Series C Preferred Share payable on June 30, 2015, with a record date of June 19, 2015.
Canaccord Genuity Group Inc. Appoints Richard Champion as Deputy Chief Investment Officer in UK Operations
Jun 2 15
Canaccord Genuity Group Inc. announced the appointment of Richard Champion as Deputy Chief Investment Officer in its UK Wealth Management business. Based in London, Richard will work closely with Nigel Cuming, Chief Investment Officer and will play a key role in managing assets in the firm's onshore discretionary client portfolios, while leveraging the broader resources of the Canaccord Genuity platform, including its proprietary stock screening and idea generation tool, Quest. Prior to joining Canaccord Genuity Wealth Management, Richard was Chief Investment Officer at Sanlam Private Investments (UK), where he was instrumental in the development and launch of its unified investment proposition.
Canaccord Genuity Group Inc. Announces Executive Appointments
May 28 15
Canaccord Genuity Group Inc. announced the expansion of its Healthcare and Technology practices with the addition of three senior capital markets professionals. Based in Nashville, the group will focus on the fast growing sectors of Healthcare Information Technology (HCIT) and Outsourced Healthcare Services. Dudley Baker joins as Managing Director, Investment Banking and brings over 13 years of investment banking, private equity, and corporate development experience to his role. Most recently, he served as Managing Director at Avondale Partners, LLC, where he led coverage of HCIT and Business Services. Previously, he worked at Morgan Joseph Inc. where he focused on healthcare and business services transactions. Dudley holds an MBA from the Owen Graduate School of Management at Vanderbilt University and a B.A. from Rhodes College. Roger Briggsjoins as Managing Director, Investment Banking and brings more than three decades of experience to the team. In addition to supporting the Healthcare investment banking practice, Roger will focus his efforts on building the US financial sponsors coverage. Most recently, Roger was an Operating Partner at Trilantic Capital Partners, a global private equity firm. Previously, he was a Founder and former Head of Investment Banking at Morgan Joseph Inc.; Head of Investment Banking at SunTrust Equitable Securities; Head of Mergers and Acquisitions at Bankers Trust and a founding member of the Mergers and Acquisitions group at Solomon Brothers. Richard Close joins the equity research division as a Managing Director and will lead coverage of the HCIT, Supply Chain and Outsourced Healthcare Services sectors. Most recently, Richard was Managing Director and Senior Research Analyst at Avondale Partners, LLC. Prior to this, he worked at Jefferies in a similar capacity for seven years and as an equity research analyst at SunTrust Robinson Humphrey and its predecessor companies for six years.
Canaccord Genuity Group Inc. Opens Nashville Office
May 28 15
Canaccord Genuity Group Inc. is opening a five-employee Nashville office with plans to add more people. Canaccord Genuity's new Nashville office will focus on the middle market, including helping companies with
raising debt and equity publicly and privately and offering advisory services in areas such as corporate finance,
mergers and acquisitions and restructurings.
Canaccord Genuity Group Inc. to Report Q4, 2015 Results on Jun 02, 2015
May 19 15
Canaccord Genuity Group Inc. announced that they will report Q4, 2015 results at 5:00 PM, Eastern Standard Time on Jun 02, 2015