Markets

Financial Sector Update for 03/04/2015: CPTA,SPPR,EHPTP,APAM

Top Financial Stocks

JPM +0.19%

BAC -0.78%

WFC -1.06%

C 0.00%

USB -0.77%

Financial stocks were lower Wednesday with the NYSE Financial Sector Index dropping about 0.7% and the S&P Financial 100 Index retreating about 0.8%.

In company news, Capitala Finance ( CPTA ) was holding on to a small gain late Wednesday after declaring a special $0.50 per share distribution of the company's common stock to be paid monthly over the rest of 2015.

CPTA shares were up 0.3% at $18.79 apiece, easing from an earlier run to $18.92 a share. The stock has traded within a 52-week range of $17.60 to $20.25 a share, declining 6% over the past 12 months prior to today's session.

In other sector news,

(+) SPPR, Names William Blackham as its new CEO, joining the hotel real estate investment trust from Eagle Hospitality Properties Trust ( EHPTP ), where he also was CEO.

(-) APAM, Launches underwritten public offering of 3.83 mln Class A shares. The company plans to sue net proceeds to buy an equal number of equity units of its Artisan Partners Holdings LP subsidiary.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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