Shining Stocks in News Recap: AEGON N.V. (NYSE:AEG), Prospect Capital Corporation (NASDAQ:PSEC), The Carlyle Group LP (NASDAQ:CG)
Shares of AEGON N.V. (NYSE:AEG) surged 6.65% to finish at $5.77 in last run as Aegon (AEG) reported that a number of important measures to improve the operational performance of firm. The firm targets a group return on equity of 10% by 2018 supported by: reducing yearly operating expenses by 200 million euros by the end of 2018, and additional investments in digital capabilities and expertise of 50 million euros per annum above the current level. Aegon plans to restructure US operations from a business lines orientation into one, functionally-organized business to get closer to consumers. To improve performance, the firm plans to implement the outcome of the strategic review of Aegon’s businesses in the UK; explore options for the annuity book, and continue the growth of the successful platform.
Looking toward firm’s returns performance, it has return on equity of 0.90% and returns on assets was calculated 0.10% with 1.76% year to date performance. The yearly sales growth for the past five year was 0.00%.
Prospect Capital Corporation (NASDAQ:PSEC) tries to make charm in street, as shares traded at $6.11 with Drops of -3.78% in last trading session. Prospect Capital Corp. (PSEC) reported that on December 30, 2015, its portfolio firm American Property REIT Corp. sold its Vista Palma Sola property in Bradenton, Florida for $43 million and achieved a 35 percent cash realized internal rate of return and 2.1 times cash on cash return on this investment. APRC’s co-investing management team for this multi-family residential property is Providence Management Firm, LLC. Prospect structures its real estate property investments as investments of debt and equity using private real estate investment trusts or REITs. In the past three years, Prospect has in the aggregate invested $417.3 million in 18 separate transactions across 54 properties. The firm has yearly sales growth for the past five year of 47.20%. While past twelve months price to sales ratio recorded as 2.75 and price to cash ratio remained 30.23.
The Carlyle Group LP (NASDAQ:CG) was amidthe mix trends movers as shares collapsed -6.87% to $12.48. TestPlant reported that the Carlyle Group (CG) has attaind a majority shareholding in the firm. TestPlant’s eggPlant product range offers a suite of easy-to-use software test automation tools that assists companies deliver high quality enterprise and mobile applications quickly and consistently. TestPlant has development centers in the USA and UK, and sales and support centers in the USA, UK, Germany, China, India and Japan, as well as an extensive network of business partners. The firm has over 350 consumers in over 40 countries across sectors comprising financial services, aerospace and defense, TMT, retail and healthcare. The stock outstanding shares were 323.86. Having a prescribed look on price to sales ratio, that was 1.29, while price to earning ration of 138.67 attracting for long oriented investors.