Day: November 7, 2019

NEW YORK, Nov. 07, 2019 (GLOBE NEWSWIRE) — Pzena Investment Management, Inc. (NYSE: PZN) today reported its preliminary assets under management as of October 31, 2019.AUM for month-end October 2019, month-end September 2019, and month-end October 2018 are listed below:Pzena Investment Management, Inc.Assets Under Management1($ billions)1 Numbers may be subject to rounding.About PzenaPzena Investment Management, LLC, the firm’s operating company, is a value-oriented investment management firm.  Founded in 1995, Pzena Investment Management has built a diverse, global client base.  More firm and stock information is posted at www.pzena.com.Forward-Looking StatementsThis press release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,...

WALTHAM Mass. and CRESTWOOD, Ky., Nov. 07, 2019 (GLOBE NEWSWIRE) — Apellis Pharmaceuticals Inc., (Nasdaq:APLS) a clinical-stage biopharmaceutical company focused on the development of novel therapeutic compounds to treat disease through the inhibition of the complement system, announced that on August 6, 2019, the Company approved the grant of an equity award to a new employee with a grant date of November 1, 2019 as an equity inducement award outside of the Company’s 2017 Stock Incentive Plan and material to the employee’s acceptance of employment with the Company. The equity award was approved in accordance with Nasdaq Listing Rule 5635(c)(4).The employee received an option to purchase 24,600 shares of Apellis common stock. The option has an exercise price of $30.50 per share, which is equal to the closing price of Apellis...

TYLER, Texas, Nov. 07, 2019 (GLOBE NEWSWIRE) — The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank, declared a regular quarterly cash dividend of $0.31 per common share.  In a separate action, the Board declared a special cash dividend of $0.03 per common share.  The combined cash dividend of $0.34 is scheduled for payment on December 12, 2019, to common stock shareholders of record on November 27, 2019. “We are very pleased to announce our 16th consecutive year of special cash dividends, which demonstrates our strong financial performance and commitment to our shareholders,” stated Lee R. Gibson, President and Chief Executive Officer of Southside Bancshares, Inc. “Our total cash dividend for 2019 increased by 5%, to $1.26 compared to $1.20 in 2018.”About Southside Bancshares, Inc.Southside...

FORT WORTH, Texas, Nov. 07, 2019 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX), an exploration and production company operating in the Permian Basin of West Texas and southeastern New Mexico, today reported financial and operating results for the third quarter of 2019 and announced the formation of a Special Committee and the engagement of a financial advisor to explore strategic alternatives.Third Quarter 2019 HighlightsSignificantly decreased cycle times under the Company’s new operations team by reducing average drilling days for longer lateral wells from approximately 45 days (spud to total depth) to approximately 17 daysAchieved reduced drilling cycle times by incorporating oil-based drilling mud, a higher quality rig and better down hole tools/configurationsAchieved combined cost savings of over $4.3 million...

CALGARY, Alberta, Nov. 07, 2019 (GLOBE NEWSWIRE) — DIRTT Environmental Solutions Ltd. (“DIRTT,” the “Company,” “we” or “us”) (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses technology for client-driven design and manufacturing, today announced its financial results for the three months ended September 30, 2019. All financial information in this release is presented in U.S. dollars, unless otherwise stated.THIRD QUARTER 2019 VS. THIRD QUARTER 2018Revenue of $65.4 million vs. $73.9 million (down 12%)Gross Profit Margin of 38.1% vs. 40.7%Adjusted Gross Profit Margin1 of 41.8% vs. 44.0%Operating expenses of $17.6 million2 vs. $30.4 millionNet income of $5.8 million or $0.07 per share vs. net loss of $(1.4) million or $(0.02) per shareAdjusted EBITDA1 of $8.1 million vs. $13.1 millionAdjusted EBITDA Margin1 of 12.3%...

MEMPHIS, Tenn., Nov. 07, 2019 (GLOBE NEWSWIRE) — Attention nonprofits: Do not miss the opportunity to apply for funding from First Horizon Foundation (the “Foundation”).First Horizon Foundation is accepting Nonprofit funding requests for the 2020 grant cycle. Eligible nonprofits are encouraged to submit their funding requests for consideration.The deadline to apply for 2020 funds is Jan. 17, 2020. Decisions will be communicated by March 31, 2020. For more information or to apply, visit https://www.firsthorizon.com/foundation.“As our Foundation is aligning under the unified brand of our company, our commitment to serve and strengthen our communities remains steadfast,” said Charles Burkett, Chairman of First Horizon Foundation. “We look forward to learning more about the opportunities for our Foundation to continue forming lasting...

SAN DIEGO, Nov. 07, 2019 (GLOBE NEWSWIRE) — LPL Financial Holdings Inc. (NASDAQ: LPLA) today announced that its wholly owned subsidiary, LPL Holdings, Inc. (“LPL Holdings”), has secured commitments to reprice its term loan B, increase the size of its revolving credit facility from $500 million to $750 million, extend the maturity dates applicable to its term loan B and revolving credit facility, and make certain other changes to its existing credit agreement. In addition, LPL Holdings announced the pricing of its offering of $400 million in aggregate principal amount of senior unsecured notes (the “senior notes”).  As previously announced, LPL Holdings intends to use the net proceeds from the senior notes offering, together with cash available for corporate use, to pay down its existing term loan B to approximately $1,070 million...

TORONTO, Nov. 07, 2019 (GLOBE NEWSWIRE) — IBI Group Inc. (“IBI” or the “Company”), a globally integrated design and technology firm, today announced its financial and operating results for the three and nine months ended September 30, 2019. Select financial and operational information is outlined below and should be read with IBI’s consolidated financial statements (“Financial Statements”) and management’s discussion and analysis (“MD&A”) as of September 30, 2019, which are available on SEDAR at www.sedar.com and on IBI’s website at www.ibigroup.com.The Company’s third quarter (“Q3”) results were highlighted by adjusted EBITDA1 of $12.3 million, or 13% of revenue, a 21% increase over the $10.2 million or 11% realized in Q3 2018. IBI’s three business practices generated a combined $94.6 million in net revenue, while the U.S....

VANCOUVER, British Columbia, Nov. 07, 2019 (GLOBE NEWSWIRE) — Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) reported its financial and operating results for the second quarter ended September 30, 2019 (“Q2 Fiscal 2020”).  All amounts are expressed in US Dollars.Q2 FISCAL YEAR 2020 HIGHLIGHTS

BILLERICA, Mass., Nov. 07, 2019 (GLOBE NEWSWIRE) — Conformis, Inc. (NASDAQ:CFMS), a medical technology company that uses its proprietary iFit Image-to-Implant technology platform to develop, manufacture, and sell patient-specific arthroplasty joint replacement implants designed to fit each patient’s unique anatomy, today announced FDA clearance of the Company’s next generation Conformis Hip System. The Company will be featuring the new 3D-designed Conformis Hip System as a key technology focus at the 2019 American Academy of Hip and Knee Surgeons annual conference November 7–10, 2019 in Dallas, TX.Conformis previously announced the Company’s first hip surgeries started in July 2018 during its limited launch of the Conformis Hip System. The new system incorporates design improvements based on surgeon feedback after completion of...