R3’s Former Chief Sales Officer Joins Blockchain Startup AlphaPoint

Scott Grayson, former chief sales officer at R3, has joined the blockchain services firm AlphaPoint as a senior vice president for institutional sales.

Scott Grayson, former chief sales officer at R3, has joined the blockchain services firm AlphaPoint as a senior vice president for institutional sales.

Grayson will be working with large institutions like banks, brokerages, exchanges and private equity firms that want to tokenize assets such as real estate, private equity, securities and loans on a global scale, he said. Negotiations with a number of banks, real estate and private equity firms are underway, he added.

“AlphaPoint presented me with an opportunity I found very exciting,” Grayson told CoinDesk. “They are really helping people make illiquid assets liquid and move the markets.”

Speaking about the differences between his old and new employers, Grayson said that the services R3 and AlphaPoint provide are “really complementary,” and he envisions that many AlphaPoint clients would like to leverage R3’s tech. He said:

“It’s different in a sense that R3 is a platform and AlphaPoint is an application provider. … I envision many of our clients will be utilizing AlphaPoint’s applications on top of [R3’s] Corda.”

He said he hoped “there will be opportunities in the future” for the two companies to work together, though no formal collaboration had started yet.

According to R3 spokesperson, Grayson left the enterprise blockchain software company in September.

Before joining R3 in 2017, Grayson worked at software vendor Charles River Development where he was supervising a senior sales team. He previously worked in sales roles at software vendors SAP North America, Algorithmics and NumeriX. Earlier in his career, he was an equities and options trader and worked at Bankers Trust Company (now a part of Deutsche Bank) and Bank of America.

Hiring from Wall Street

New York-based AlphaPoint has attracted a number of other executives from traditional finance.

In 2017, Salil Donde, who previously served as an executive vice president for Nasdaq’s Global Information Services, joined the startup as a CEO. Kapil Rathi, former head of equity options at Cboe, joined the team as global head of trading markets in November of last year.

Scott Scalf, former director of trade lifecycle systems at Deutsche Bank Global Technology, joined AlphaPoint as executive vice president of development in November 2016, although he left the position in January 2018, joining Strategic Software Systems.

This summer, AlphaPoint completed a $15 million venture funding round led by Mike Novogratz’s Galaxy Digital and helped launch an XRP-based cryptocurrency exchange named DCEX.

AlphaPoint image via CoinDesk Consensus archives

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Hooker Furniture Co. (HOFT) Holdings Decreased by Allianz Asset Management GmbH

Finally, Millennium Management LLC lifted its holdings in shares of Hooker Furniture by 941.2% in the 2nd quarter. Millennium Management LLC now …

Hooker Furniture logoAllianz Asset Management GmbH trimmed its stake in shares of Hooker Furniture Co. (NASDAQ:HOFT) by 37.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,645 shares of the company’s stock after selling 8,728 shares during the quarter. Allianz Asset Management GmbH owned 0.12% of Hooker Furniture worth $495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. lifted its holdings in shares of Hooker Furniture by 40.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 8,200 shares of the company’s stock valued at $277,000 after purchasing an additional 2,350 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Hooker Furniture in the 3rd quarter valued at about $1,313,000. Foundry Partners LLC lifted its holdings in shares of Hooker Furniture by 14.4% in the 3rd quarter. Foundry Partners LLC now owns 76,230 shares of the company’s stock valued at $2,577,000 after purchasing an additional 9,605 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Hooker Furniture by 7.3% in the 2nd quarter. BlackRock Inc. now owns 771,278 shares of the company’s stock valued at $36,173,000 after purchasing an additional 52,659 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Hooker Furniture by 941.2% in the 2nd quarter. Millennium Management LLC now owns 88,858 shares of the company’s stock valued at $4,167,000 after purchasing an additional 80,324 shares during the last quarter. 86.94% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on HOFT shares. TheStreet downgraded Hooker Furniture from a “b” rating to a “c+” rating in a report on Friday, October 26th. ValuEngine downgraded Hooker Furniture from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Finally, Sidoti raised Hooker Furniture from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a report on Wednesday, October 3rd.

HOFT traded up $0.04 on Monday, hitting $28.84. 32,302 shares of the company traded hands, compared to its average volume of 40,965. The company has a quick ratio of 1.93, a current ratio of 3.46 and a debt-to-equity ratio of 0.13. The company has a market cap of $339.88 million, a PE ratio of 9.49 and a beta of 0.55. Hooker Furniture Co. has a 12-month low of $24.85 and a 12-month high of $49.85.

Hooker Furniture (NASDAQ:HOFT) last posted its quarterly earnings data on Thursday, December 6th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The firm had revenue of $171.47 million during the quarter. Hooker Furniture had a return on equity of 14.96% and a net margin of 5.16%.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Monday, December 17th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from Hooker Furniture’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 14th.

ILLEGAL ACTIVITY NOTICE: “Hooker Furniture Co. (HOFT) Holdings Decreased by Allianz Asset Management GmbH” was originally reported by Fairfield Current and is owned by of Fairfield Current. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.fairfieldcurrent.com/news/2019/01/21/allianz-asset-management-gmbh-sells-8728-shares-of-hooker-furniture-co-hoft.html.

About Hooker Furniture

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household furniture products in the United States. It operates through Hooker Branded, Home Meridian, and All Other segments. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture.

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Institutional Ownership by Quarter for Hooker Furniture (NASDAQ:HOFT)

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BBX Capital Corp (BBX) Shares Sold by BlackRock Inc.

BlackRock Inc. reduced its stake in shares of BBX Capital Corp (NYSE:BBX) by 0.7% in the third quarter, according to its most recent filing with the …

BBX Capital logoBlackRock Inc. reduced its stake in shares of BBX Capital Corp (NYSE:BBX) by 0.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,883,162 shares of the financial services provider’s stock after selling 28,554 shares during the period. BlackRock Inc. owned approximately 3.99% of BBX Capital worth $28,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of BBX Capital during the 3rd quarter worth $140,000. Voya Investment Management LLC bought a new stake in shares of BBX Capital during the 2nd quarter worth $184,000. SG Americas Securities LLC bought a new stake in shares of BBX Capital during the 2nd quarter worth $252,000. Tower Research Capital LLC TRC bought a new stake in shares of BBX Capital during the 2nd quarter worth $276,000. Finally, Engineers Gate Manager LP lifted its holdings in shares of BBX Capital by 26.8% during the 3rd quarter. Engineers Gate Manager LP now owns 42,457 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 8,985 shares during the last quarter. 30.07% of the stock is owned by institutional investors.

A number of research firms have recently issued reports on BBX. Zacks Investment Research raised shares of BBX Capital from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Tuesday, October 9th. B. Riley dropped their price objective on shares of BBX Capital from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, October 15th.

In other BBX Capital news, Director Andrew R. Jr. Cagnetta bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were bought at an average price of $6.41 per share, for a total transaction of $32,050.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $32,050. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 28.74% of the stock is owned by company insiders.

NYSE BBX opened at $6.16 on Monday. The firm has a market cap of $597.76 million, a PE ratio of 8.56 and a beta of 1.84. BBX Capital Corp has a 52-week low of $5.23 and a 52-week high of $10.17. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.21.

BBX Capital (NYSE:BBX) last issued its earnings results on Tuesday, November 6th. The financial services provider reported $0.06 EPS for the quarter. The company had revenue of $254.40 million for the quarter, compared to analysts’ expectations of $250.38 million. BBX Capital had a net margin of 9.98% and a return on equity of 7.73%. On average, equities analysts expect that BBX Capital Corp will post 0.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 18th. Investors of record on Friday, December 28th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Thursday, December 27th. BBX Capital’s payout ratio is presently 5.56%.

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BBX Capital Profile

BBX Capital Corporation, formerly known as BFC Financial Corporation, is a private equity and venture capital firm specializing in investments and acquisitions of middle market companies. The firm also invests in mergers and acquisition, add-on acquisitions, divestiture, taking public companies private and private companies public, leveraged buyout, partnership, recapitalization, and restructuring.

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Institutional Ownership by Quarter for BBX Capital (NYSE:BBX)

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Equity Lifestyle Properties, Inc. (ELS) Shares Bought by State of Alaska Department of Revenue

The institutional investor owned 42,624 shares of the real estate investment trust’s stock after acquiring an additional 4,982 shares during the period.

Equity Lifestyle Properties logoState of Alaska Department of Revenue lifted its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,624 shares of the real estate investment trust’s stock after acquiring an additional 4,982 shares during the period. State of Alaska Department of Revenue’s holdings in Equity Lifestyle Properties were worth $4,139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. OppenheimerFunds Inc. raised its holdings in Equity Lifestyle Properties by 2.3% during the 2nd quarter. OppenheimerFunds Inc. now owns 127,319 shares of the real estate investment trust’s stock valued at $11,700,000 after acquiring an additional 2,846 shares during the period. First Republic Investment Management Inc. purchased a new position in Equity Lifestyle Properties in the second quarter worth $1,897,000. Dynamic Technology Lab Private Ltd purchased a new position in Equity Lifestyle Properties in the second quarter worth $343,000. Cubist Systematic Strategies LLC grew its position in Equity Lifestyle Properties by 92.0% in the second quarter. Cubist Systematic Strategies LLC now owns 8,653 shares of the real estate investment trust’s stock worth $795,000 after acquiring an additional 4,147 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in Equity Lifestyle Properties in the second quarter worth $687,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Roger Maynard sold 10,000 shares of Equity Lifestyle Properties stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $96.71, for a total transaction of $967,100.00. Following the completion of the transaction, the executive vice president now directly owns 146,389 shares of the company’s stock, valued at approximately $14,157,280.19. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.20% of the company’s stock.

Shares of ELS stock opened at $101.59 on Monday. The firm has a market cap of $9.12 billion, a PE ratio of 28.22, a PEG ratio of 4.21 and a beta of 0.23. Equity Lifestyle Properties, Inc. has a one year low of $79.78 and a one year high of $104.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.07 and a current ratio of 0.07.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, October 22nd. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Equity Lifestyle Properties had a net margin of 22.40% and a return on equity of 19.69%. The company had revenue of $256.70 million for the quarter, compared to the consensus estimate of $240.19 million. During the same period in the previous year, the firm posted $0.91 EPS. Equity Lifestyle Properties’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 11th. Shareholders of record on Friday, December 28th were paid a $0.55 dividend. The ex-dividend date was Thursday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.17%. Equity Lifestyle Properties’s payout ratio is currently 61.11%.

Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. Citigroup set a $107.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Wednesday, December 12th. BMO Capital Markets increased their price target on shares of Equity Lifestyle Properties from $96.00 to $99.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 23rd. Finally, Robert W. Baird raised their target price on shares of Equity Lifestyle Properties from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, October 25th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $99.21.

TRADEMARK VIOLATION NOTICE: “Equity Lifestyle Properties, Inc. (ELS) Shares Bought by State of Alaska Department of Revenue” was first posted by Fairfield Current and is the property of of Fairfield Current. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The original version of this piece can be viewed at https://www.fairfieldcurrent.com/news/2019/01/21/equity-lifestyle-properties-inc-els-holdings-raised-by-state-of-alaska-department-of-revenue.html.

About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of October 22, 2018, we own or have an interest in 411 quality properties in 32 states and British Columbia consisting of 153,847 sites.

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Institutional Ownership by Quarter for Equity Lifestyle Properties (NYSE:ELS)

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BlackRock Inc. Acquires 12275 Shares of B. Riley Financial Inc (RILY)

BlackRock Inc. grew its holdings in B. Riley Financial Inc (NASDAQ:RILY) by 1.0% in the third quarter, according to its most recent disclosure with the …

B. Riley Financial logoBlackRock Inc. grew its holdings in B. Riley Financial Inc (NASDAQ:RILY) by 1.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,218,842 shares of the asset manager’s stock after buying an additional 12,275 shares during the period. BlackRock Inc. owned 4.66% of B. Riley Financial worth $27,607,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of B. Riley Financial by 19.8% in the third quarter. Wells Fargo & Company MN now owns 137,861 shares of the asset manager’s stock valued at $3,122,000 after buying an additional 22,832 shares during the last quarter. Bank of New York Mellon Corp increased its position in B. Riley Financial by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 140,927 shares of the asset manager’s stock worth $3,179,000 after purchasing an additional 5,193 shares during the last quarter. Northern Trust Corp increased its position in B. Riley Financial by 5.0% during the second quarter. Northern Trust Corp now owns 221,834 shares of the asset manager’s stock worth $5,003,000 after purchasing an additional 10,568 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in B. Riley Financial during the third quarter worth about $203,000. Finally, Legato Capital Management LLC increased its position in B. Riley Financial by 90.7% during the third quarter. Legato Capital Management LLC now owns 87,420 shares of the asset manager’s stock worth $1,980,000 after purchasing an additional 41,570 shares during the last quarter. Institutional investors and hedge funds own 47.04% of the company’s stock.

B. Riley Financial stock opened at $14.60 on Monday. B. Riley Financial Inc has a 12-month low of $13.78 and a 12-month high of $23.70. The stock has a market cap of $387.69 million, a P/E ratio of 9.36 and a beta of 1.36. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 5.54.

B. Riley Financial (NASDAQ:RILY) last released its quarterly earnings data on Monday, November 5th. The asset manager reported $0.17 earnings per share (EPS) for the quarter. B. Riley Financial had a net margin of 4.22% and a return on equity of 15.70%. The firm had revenue of $99.68 million during the quarter.

Separately, BidaskClub cut shares of B. Riley Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 30th.

In related news, major shareholder B. Riley Financial, Inc. bought 391,893 shares of the stock in a transaction on Friday, December 27th. The stock was bought at an average price of $1.26 per share, with a total value of $493,785.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bryant R. Riley bought 10,500 shares of the stock in a transaction on Friday, December 7th. The shares were bought at an average cost of $17.28 per share, with a total value of $181,440.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,034,239 shares of company stock valued at $3,299,952. 24.20% of the stock is owned by company insiders.

ILLEGAL ACTIVITY NOTICE: “BlackRock Inc. Acquires 12,275 Shares of B. Riley Financial Inc (RILY)” was published by Fairfield Current and is the sole property of of Fairfield Current. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.fairfieldcurrent.com/news/2019/01/21/blackrock-inc-acquires-12275-shares-of-b-riley-financial-inc-rily.html.

B. Riley Financial Profile

B. Riley Financial, Inc provides financial services and solutions in North America, Australia, and Europe. The company operates in four segments: Capital Markets, Auction and Liquidation, Valuation and Appraisal, and Principal Investments – United Online. It offers investment banking services, including merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements; and corporate finance, research, securities lending, wealth management, and sales and trading services to corporate, institutional, and high net worth clients.

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Institutional Ownership by Quarter for B. Riley Financial (NASDAQ:RILY)

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