Finance

Magnus Financial Group LLC Reduces Stake in Kaiser Aluminum Corp. (NASDAQ:KALU)

Magnus Financial Group LLC decreased its holdings in shares of Kaiser Aluminum Corp. (NASDAQ:KALU) by 21.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,837 shares of the industrial products company’s stock after selling 774 shares during the quarter. Magnus Financial Group LLC’s holdings in Kaiser Aluminum were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KALU. Swiss National Bank raised its holdings in Kaiser Aluminum by 0.7% during the first quarter. Swiss National Bank now owns 30,800 shares of the industrial products company’s stock worth $2,134,000 after purchasing an additional 200 shares in the last quarter. US Bancorp DE increased its position in shares of Kaiser Aluminum by 1,245.5% during the first quarter. US

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How businesses can help end the prison-industrial complex

Enslavement continues in the U.S. It’s called prison, and American businesses have historically been heavily invested in the prison system.

The 13th Amendment, enacted at the close of the Civil War, didn’t exactly end slavery when it stated “Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States.” This loophole made room for authorities to work around the abolition of slavery and gave birth to the American prison-industrial complex. Today, oppressive laws and policies continue to expand the reach and impact of that system rooted in enslavement and unjust, even torturous practices condemned by the Western world—from solitary confinement, withholding or delaying healthcare, and retaliatory practices from judges who increasing sentences for people who reject plea bargains to the outright murder of prisoners.

[Photo: Avril Morgan/iStock]

In America, Black people are incarcerated at five times

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How Apple’s Stock Split Will Affect the Dow Jones Industrial Average

Apple (NASDAQ: AAPL) announced a 4-for-1 stock split when it reported fiscal third-quarter results last month, the first such corporate action since the last split (7-for-1) occurred back in June 2014. While stock splits are generally meaningless in terms of fundamentals due to the way that math works, the move will actually have a significant impact on the Dow Jones Industrial Average (DJINDICES: ^DJI).

Here’s why.

Exterior of Apple Store in Bangkok, Thailand at night

Image source: Apple.

No longer No. 1

For starters, you have to recall that the Dow is unique among all major benchmarks: The index is price-weighted instead of market-cap-weighted. Individual stock prices are fairly arbitrary, especially relative to a company’s overall valuation, again thanks to math. The S&P 500 and Nasdaq Composite are both market-cap-weighted, so companies with larger market caps have a greater influence over the index’s daily fluctuations.

Japan’s Nikkei 225 is another example of a price-weighted index. Incidentally, there was

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Romanian investment fund buys stake in local fiber glass mesh producer

Romanian investment fund ROCA Investments, part of Impetum Group, has bought a stake in BICO Industries, the leader in the fiberglass mesh market in Eastern Europe and the largest domestic producer of fiberglass fittings.

The financial details of the transaction were not disclosed.

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Through this partnership, ROCA Investments aims to contribute to the consolidation of Romanian exports on this industrial niche, a field with sustained demand.

With an estimated market share of 35% nationally and 5% in Europe, BICO already enjoys good regional credibility for a leading position and meets all the highest quality standards for the products offered.

“With BICO Industries we move to the next level. This is a company with international scaling prospects and an admirable advance in the European market, to which it already directs 28% of its total production. BICO Industries can earn for Romania the prestige of being the country of origin for

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Anchor Capital Advisors LLC Has $1.35 Million Stock Position in Stag Industrial Inc (NYSE:STAG)

Anchor Capital Advisors LLC increased its position in Stag Industrial Inc (NYSE:STAG) by 120.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,995 shares of the real estate investment trust’s stock after purchasing an additional 25,175 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Stag Industrial were worth $1,349,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in Stag Industrial by 224.5% in the 2nd quarter. Signaturefd LLC now owns 1,100 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 761 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Stag Industrial during the 1st quarter worth approximately $36,000. Creative

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Plymouth Industrial REIT Announces Proposed Offering of 5,750,000 Shares of Common Stock

Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced that it intends to offer, subject to market and other conditions, 5,750,000 shares of its common stock. Plymouth intends to grant the underwriters a 30-day option to purchase up to an additional 862,500 shares of its common stock. Plymouth intends to use the net proceeds from this offering to fund acquisitions, including certain industrial properties under contract, and for working capital and other general purposes, including to repay outstanding indebtedness under its revolving credit facility.

Barclays, KeyBanc Capital Markets, BMO Capital Markets and J.P. Morgan are acting as joint book-running managers for the offering.

barclaysprospectus@broadridge.com; KeyBanc Capital Markets Inc., Attention: Equity Syndicate, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, or by telephone at (800) 859-1783; BMO Capital Markets, 3 Times Square, 25th Floor, New York, NY 10036, Attention: Syndicate Department, Telephone: (800) 414-3627, or by email at

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Ingdan Innovations Introduces Leading Strategic Investor, Guangdong Finance Fund Management

Press release content from PR Newswire. The AP news staff was not involved in its creation.

HONG KONG, Aug.12, 2020 /PRNewswire/ — Cogobuy Group (“Cogobuy” or the “Company”, stock code: 400.HK; with its subsidiaries (the ″Group″)) is pleased to announce the Company’s flagship Ingdan Innovations, a platform engaged in chip sales and technology services, has signed a strategic investment agreement with Guangdong Finance Fund Management Co., Ltd. (“Guangdong Finance Fund Management”), making it the leading strategic investor in Ingdan Innovations. The investment supports Ingdan Innovations’ rapid development in the trillion-RMB domestic chip market, and will contribute to the resumption of high growth for the Company’s core business.

Guangdong Finance Fund Management belongs to Guangdong’s largest provincial integrated financial platform, Guangdong Yueong Investment Holding Co., Ltd., with assets under management near 42 billion RMB and focuses on investments in strategic emerging industries, modern services, advanced manufacturing, digital

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Innovative Industrial Properties Expands Real Estate Partnership with AWH at Illinois Property

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it entered into an amendment of the lease with a subsidiary of Ascend Wellness Holdings, LLC (AWH) at the property located in Barry, Illinois, making available an additional $18 million in funding for expansion of AWH’s regulated cannabis cultivation and processing facilities at the property, including a new 90,000 square foot greenhouse facility and further production capacity enhancements for the existing 75,000 square foot industrial facility located on the property. The lease amendment also adjusted the base rent under the lease to take into account the additional available funding. Assuming full payment of the additional funding, IIP’s total investment in the property will be $51 million.

In addition to this Illinois property, IIP owns and leases to AWH two other

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Magnus Financial Group LLC Has $458,000 Stake in Zebra Technologies (NASDAQ:ZBRA)

Magnus Financial Group LLC decreased its position in shares of Zebra Technologies (NASDAQ:ZBRA) by 5.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,790 shares of the industrial products company’s stock after selling 106 shares during the period. Magnus Financial Group LLC’s holdings in Zebra Technologies were worth $458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of Zebra Technologies by 4.1% during the 1st quarter. BlackRock Inc. now owns 3,748,582 shares of the industrial products company’s stock valued at $688,240,000 after acquiring an additional 146,276 shares in the last quarter. State Street Corp boosted its holdings in shares of Zebra Technologies by 1.5% during the 1st quarter. State Street Corp now owns 2,120,464 shares of the industrial products company’s stock

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Riding wave of Smart Economy with industry investments

BEIJING, Aug. 25, 2020 /PRNewswire/ — China Everbright Limited (CEL), together with its core strategic technology platform Terminus Group, recently announced the joint launch of ‘CEL AI New Economy Fund’, aiming to raise RMB 10 billion and operate in both RMB and USD. As of now, RMB 7 billion has been collected.

Victor Ai, the head of China Everbright New Economy Fund, the Founder and the CEO of Terminus Group, believes that the industry opportunities are currently shifting from traditional economies to what we know as ‘smart economies’. The key to making good investments in new smart economies lies in identifying the opportunities that new economies bring and being able to visualize the future advantages of the innovative solutions. This indeed requires the investors to step back and look at the emerging industries from a broader perspective, with a whole picture in mind. The aforementioned kind of approach is crucial

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