Markets

Sector Update: Financial

Financial shares were mixed in pre-market trade Thursday ahead of a speech from Federal Reserve Chair Janet Yellen on Friday.

In financial stocks news, Main Street ( MAIN ) Thursday said it has led a financing totaling $15.9 million of invested capital in Mystic Logistics, provider of warehousing services and transportation solutions.

The company funded $12.7 million of the financing in this new portfolio investment. Its portion of the financing included a $10 million first lien, senior secured term loan and a $2.7 million equity investment.

Shares in the investment firm were at $32.22 on Wednesday's close. It was inactive in recent pre-market trading on Thursday.

And, Medley Capital ( MCC ) said late Wednesday it priced an offering of 5 million shares at $13.02 each. It granted the underwriters a 30-day option to purchase up to an additional 750,000 shares sold at the public offering price.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

In This Story

MAIN MCC

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More