Oak Tree | Jotup

Ocwen Financial Announces Third Quarter 2023 Results

Retrieved on:

Tuesday, November 7, 2023

NYSE, Chair, UPB, Oak Tree, MSR, OCN, MAV, Security (finance), Fine chemical, Ocwen

Glen A. Messina, Chair, President and CEO of Ocwen, said, “I am very pleased with our performance this quarter.

Key Points:

Glen A. Messina, Chair, President and CEO of Ocwen, said, “I am very pleased with our performance this quarter.
The strength of our balanced business has enabled us to operate profitably in the current industry environment and perform in line with our return on equity guidance.
Our low-cost, diversified servicing platform continues to drive strong earnings results, and we delivered positive earnings in originations despite industry headwinds.
Participants can access the conference call by dialing (888) 886-7786 or (416) 764-8658 approximately 10 minutes prior to the call.

New York State Supreme Court Justice Esther “Micky” Morgenstern to Join Oaktree Solutions’ Litigation Support Practice

Retrieved on:

Friday, November 3, 2023

Global public affairs strategy firm Oaktree Solutions today announced the addition of outgoing New York State Supreme Court Justice Esther “Micky” Morgenstern to their dynamic and fast-growing team.

Key Points:

Global public affairs strategy firm Oaktree Solutions today announced the addition of outgoing New York State Supreme Court Justice Esther “Micky” Morgenstern to their dynamic and fast-growing team.
Morgenstern, who earlier announced her retirement from the bench effective at the end of December 2023, will be Managing Director of Oaktree’s litigation support practice to provide strategic advice to clients with complex legal situations.
Morgenstern was the architect of the protocol for Best Practices in the problem solving Integrated Domestic Violence (IDV) Courts.
Morgenstern’s Best Practices were instituted statewide in all 62 counties of New York State.

Seres Therapeutics Reports Third Quarter 2023 Financial Results Including VOWST™ Net Sales of $7.6 Million

Retrieved on:

Thursday, November 2, 2023

Seres Therapeutics, Inc. (Nasdaq: MCRB), a leading microbiome therapeutics company, today reported financial results for the third quarter ended September 30, 2023, including VOWST net sales of $7.6 million.

Key Points:

Seres Therapeutics, Inc. (Nasdaq: MCRB), a leading microbiome therapeutics company, today reported financial results for the third quarter ended September 30, 2023, including VOWST net sales of $7.6 million.
Seres anticipates incurring a one-time charge of $5.0-$5.5 million in the fourth quarter of 2023, primarily related to the workforce reduction.
Seres reported a net loss of $47.9 million for the third quarter of 2023, as compared with a net loss of $60.0 million for the same period in 2022.
Net sales of VOWST for the third quarter of 2023, the first full quarter following launch, were $7.6 million based on 506 units.

Redwood Trust Reports Third Quarter 2023 Financial Results

Retrieved on:

Monday, October 30, 2023

Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2023.

Key Points:

Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2023.
Importantly, despite choppy markets, we were successful during the quarter efficiently securitizing and selling our production across both of our operating businesses.
A further discussion of Redwood's business and financial results is included in the third quarter 2023 Shareholder Letter and Redwood Review which are available under "Financial Info" within the Investor Relations section of the Company’s website at redwoodtrust.com/investor-relations.
Redwood will host an earnings call today, October 30, 2023, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss its third quarter 2023 financial results.

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Retrieved on:

Friday, September 22, 2023

Purchasing, Partnership, The Purchase Price, OCM, Policy, Share repurchase, NAV, Sale, Cayman Islands, Transport, LP, Oak Tree, Security (finance), Holding company, Sales

ATHENS, Greece, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced today that it entered into a Repurchase Agreement (the “Repurchase Agreement”) with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands (the “Seller”), pursuant to which the Company agreed to purchase 10 million of its common shares (“Purchased Shares”) from the Seller at a price per common share of $18.50 (such price, the “Purchase Price” and, such transaction, the “Share Repurchase”).

Key Points:

ATHENS, Greece, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced today that it entered into a Repurchase Agreement (the “Repurchase Agreement”) with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands (the “Seller”), pursuant to which the Company agreed to purchase 10 million of its common shares (“Purchased Shares”) from the Seller at a price per common share of $18.50 (such price, the “Purchase Price” and, such transaction, the “Share Repurchase”).
The Share Repurchase was approved unanimously by all the disinterested members of the Company’s Board of Directors.
The Closing is expected to occur on October 9, 2023 and thenafter the 10 million shares will be withdrawn and cancelled.
The Company remains committed to its current dividend policy.

Anacapa Advisors Expands Leadership Team and Extends History of Outperformance

Retrieved on:

Wednesday, September 20, 2023

PACIFIC PALISADES, Calif., Sept. 20, 2023 /PRNewswire/ -- Anacapa Advisors, a market directional investment manager whose funds continue to significantly outperform their respective market indices, today announced an expansion of its leadership team amid strong momentum for the firm. Senior hires include two highly experienced professionals: Head of Business Development, Sam Rosenberg, and Senior Fund Manager, Mark Wayner.

Key Points:

"I am thrilled to have Sam and Mark join Anacapa's team.
Their tremendous experience, knowledge and insights, coupled with our firm's existing momentum, will propel Anacapa to the next level of growth," noted Anacapa's CEO and Founder, Phil Pecsok.
Sam Rosenberg joins Anacapa as Head of Business Development with 30 years of experience, including leadership roles at $1B+ hedge funds, Natixis and Société Générale.
"I'm delighted to join Anacapa and capture the strong momentum Phil and the team have worked to establish over the last 5 years.

Daniel Tietz Joins Oaktree Solutions as Chief Operating Officer and Managing Director for Policy

Retrieved on:

Friday, July 28, 2023

Oaktree Solutions announced today that Daniel W. Tietz has joined the firm as chief operating officer and managing director for policy.

Key Points:

Oaktree Solutions announced today that Daniel W. Tietz has joined the firm as chief operating officer and managing director for policy.
Before leading New York’s OTDA, Tietz served as Interim CEO of Bronx Parent Housing Network, a provider of emergency shelter and social services.
A lawyer and registered nurse, Tietz has spent his career fighting for LGBTQI+ rights and social justice concerns.
Other past roles include executive director of HIV research and advocacy organization ACRIA, and leadership positions at the Coalition for the Homeless and at Housing Works.

Redwood Trust Reports Second Quarter 2023 Financial Results

Retrieved on:

Thursday, July 27, 2023

Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended June 30, 2023.

Key Points:

Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended June 30, 2023.
A further discussion of Redwood's business and financial results is included in the second quarter 2023 Shareholder Letter and Redwood Review which are available under "Financial Info" within the Investor Relations section of the Company’s website at redwoodtrust.com/investor-relations .
Redwood will host an earnings call today, July 27, 2023, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss its second quarter 2023 financial results.
Redwood plans to file its Quarterly Report on Form 10-Q with the Securities and Exchange Commission by Wednesday August 9, 2023, and also make it available on Redwood’s website.

RYAM Raises $250 Million of Debt to Refinance its 2024 Notes, Improving Financial Position to Support Future Growth Opportunities

Retrieved on:

Thursday, July 20, 2023

The Term Loan will mature on July 20, 2027.

Key Points:

The Term Loan will mature on July 20, 2027.
RYAM’s demonstrated market leadership within specialty cellulose combined with management’s relentless focus on balance sheet optimization give us tremendous confidence as investors in the company.
RBC Capital Markets, LLC served as financial advisor and Sullivan & Cromwell LLP served as legal counsel to Oaktree in this transaction.
Additional details of the transaction will be issued in a Form 8-K filed with the SEC.

Energy Systems Group (ESG) Partners with Oaktree

Retrieved on:

Tuesday, July 11, 2023

Ecofin Water & Power Opportunities, Oaktree Capital Management, Growth, ESG, Partnership, Oak Tree, Renewable energy

NEWBURGH, Ind., July 11, 2023 (GLOBE NEWSWIRE) -- Energy Systems Group, LLC, (“ESG” or the “Company”), a leading sustainable energy solutions provider focused on energy efficiency, sustainability, resiliency, and infrastructure improvement solutions, is pleased to announce that it has been acquired by funds managed by the Power Opportunities strategy of Oaktree Capital Management, L.P. (“Oaktree”).

Key Points:

NEWBURGH, Ind., July 11, 2023 (GLOBE NEWSWIRE) -- Energy Systems Group, LLC, (“ESG” or the “Company”), a leading sustainable energy solutions provider focused on energy efficiency, sustainability, resiliency, and infrastructure improvement solutions, is pleased to announce that it has been acquired by funds managed by the Power Opportunities strategy of Oaktree Capital Management, L.P. (“Oaktree”).
In partnership with ESG’s management team, Oaktree’s investment will support the Company’s strategic growth plans by leveraging ESG’s national platform and expertise in developing and implementing sustainable energy services for its public and private sector customers.
“We are focused on being an industry leader in driving innovative solutions resulting in a more sustainable future.
Through our partnership with Oaktree, we are committed to expanding ESG’s capabilities and geographic reach.”