Validus Holdings, Ltd. (NYSE:VR) [Trend Analysis] surged reacts as active mover, shares an advance 0.32% to traded at $56.69 and the percentage gap between open changing to regular change was 0.18%. Validus Holdings, Ltd. (VR) reported they have reached an contract with Archer Daniels Midland Company (ADM) for the purchase of ADM’s Crop Risk Services business.
ADM will receive $127.5 million in cash.ADM’s Crop Risk Services business is a primary crop insurance general agent based in Decatur, Illinois with $548.9 million gross premiums written for the 2016 reinsurance year and 1,170 agents across 36 states. Nearly all ADM CRS employees will transfer with the CRS business at closing. ADM expects to record a book gain upon closing. The firm past twelve months price to sales ratio was 1.82 and price to cash ratio remained 10.10. As far as the returns are concern, the return on equity was recorded as 11.40% and return on investment was 12.40% while its return on asset stayed at 3.80%. The firm has total debt to equity ratio measured as 0.21.
Gran Tierra Energy Inc. (NYSE:GTE) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 2.25% to close at $2.49 with the total traded volume of 279189 shares. Gran Tierra Energy Inc. (NYSE MKT:GTE) reported that it intends to implement a normal course issuer bid through the facilities of the Toronto Stock Exchange and the NYSE MKT. Pursuant to the Bid and subject to regulatory approval, Gran Tierra would be able to purchase for cancellation up to approximately 5% of its issued and outstanding shares of common stock for a one year period at prevailing market prices at the time of purchase.
Management of Gran Tierra believes that the Shares, at times, have been trading in a price range which does not adequately reflect their value in relation to Gran Tierra’s current operations, growth prospects and financial position. At such times, the purchase of Shares for cancellation may be advantageous to stockholders by increasing the value of the remaining Shares. The firm has institutional ownership of 66.30%, while insider ownership included 0.80%. Its price to sales ratio ended at 3.74. GTE attains analyst recommendation of 2.00 with week performance of -6.51%.