Trading Day: Local SEC filings for 11.11.21

Altria (MO)

The tobacco giant filed its third quarter earnings report. The company reported $6.8 billion in net revenue for the period, down 4.7 percent compared to the same period last year.

Apple Hospitality REIT (APLE)

The hotel-focused real estate investment trust filed its third quarter earnings report. The company reported a net income of $31.8 million for the quarter, compared to a net loss of $40.9 million during the same period last year.

The company uploaded a new investors presentation to its website, which can be found here.

Director Kristian M. Gathright sold 30,657 shares at about $17 per share for a total of about $521,000. Gathright directly owns 970,274 shares of common stock.

Atlantic Union Bank (AUB)

The company declared a quarterly dividend of $0.28 per share of common stock, payable on Nov. 26 to common shareholders of record as of Nov. 12. The company also declared a quarterly dividend on the outstanding shares of its 6.875% Perpetual Non-Cumulative Preferred Stock, Series A. The dividend of $171.88 per share is payable on Dec. 1 to holders of record as of Nov. 16.

The bank posted an investor slideshow here.

C&F Financial (CFFI)

The company voluntarily terminated a long-running $50 million line of credit it had with Wells Fargo. It said it no longer had a need for the extra credit in light of other sources of liquidity.

CarLotz (LOTZ)

The used car retailer reported its third quarter earnings, posting a loss of $3.5 million. Click here for the full report.

Dominion (D)

The power utility filed its third-quarter earnings report. The company reported a net income of $654 million for the period, compared to a net income of $356 million for the same period last year.

Genworth Financial (GNW)

General Counsel Ward Bobitz will resign from Genworth effective Dec. 31. He’ll remain employed with the company in an advisory role through June 30, 2022. The company said it expects Gregory Karawan, currently a vice president at Genworth, will be appointed to replace Bobitz.

The company also announced that Pamela Harrison, chief human resources officer, will resign effective Dec. 31. It is expected that Melissa Hagerman, currently a leader in the company’s HR department, will replace Harrison.

The company posted its third quarter financial results here, its first quarter’s end since the IPO spinoff of its mortgage insurance division, now known as Enact Holdings.

Hamilton Beach Brands (HBB)

The electrical products supplier filed its quarterly earnings report for the third quarter. The company reported a net income of $5.7 million for the quarter, compared to a loss of $2 million for the same period last year.

Kinsale Capital Group (KNSL)

The insurer released its third quarter earnings, posting net income of $36.6 million, up from $14.9 million in the same period last year. Click here for the full report.

LL Flooring (LL)

The flooring retailer posted its third quarter earnings with net income of $8.7 million, down from $15 million a year ago. Click here for the full report.

Markel (MKL)

The insurance underwriter filed its earnings report for the third quarter. The company reported a net income of $189.7 million for the period, compared to a net income of $454 million for the same period last year.

Medalist Diversified REIT (MDRR)

The commercial real estate-focused REIT announced it and an unaffiliated company closed on the $7.3 million purchase of the Parkway Center, a 64,000-square-foot office and industrial park in Virginia Beach. Full announcement here.

Owens & Minor (OMI)

The healthcare logistics company filed its third-quarter earnings report. The company reported a net income of $44.1 million for the quarter, compared to a net income of $46.1 million for the same quarter last year.

President and CEO Edward A. Pesicka sold 56,641 shares at about $41 per share for a total of $2.3 million. Pesicka directly owns 1.3 million shares of common stock.

Performance Food Group (PFGC)

The Goochland-based foods distributor filed its earnings report for the first quarter of its fiscal year 2022. The company reported a net income of $4.7 million for the period, compared to a net loss of $700,000 for the same period the previous year.

Patrick T. Hagerty sold 500 shares at about $45 per share for a total of $22,500. Hagerty directly owns 149,033 shares of common stock.

Village Bank and Trust Financial (VBFC)

The bank declared its first ever cash dividend of $0.14 per share of common stock, payable Nov. 22, to shareholders of record at the close of business on Nov. 8. Village was founded in 2003.

Altria (MO)

The tobacco giant filed its third quarter earnings report. The company reported $6.8 billion in net revenue for the period, down 4.7 percent compared to the same period last year.

Apple Hospitality REIT (APLE)

The hotel-focused real estate investment trust filed its third quarter earnings report. The company reported a net income of $31.8 million for the quarter, compared to a net loss of $40.9 million during the same period last year.

The company uploaded a new investors presentation to its website, which can be found here.

Director Kristian M. Gathright sold 30,657 shares at about $17 per share for a total of about $521,000. Gathright directly owns 970,274 shares of common stock.

Atlantic Union Bank (AUB)

The company declared a quarterly dividend of $0.28 per share of common stock, payable on Nov. 26 to common shareholders of record as of Nov. 12. The company also declared a quarterly dividend on the outstanding shares of its 6.875% Perpetual Non-Cumulative Preferred Stock, Series A. The dividend of $171.88 per share is payable on Dec. 1 to holders of record as of Nov. 16.

The bank posted an investor slideshow here.

C&F Financial (CFFI)

The company voluntarily terminated a long-running $50 million line of credit it had with Wells Fargo. It said it no longer had a need for the extra credit in light of other sources of liquidity.

CarLotz (LOTZ)

The used car retailer reported its third quarter earnings, posting a loss of $3.5 million. Click here for the full report.

Dominion (D)

The power utility filed its third-quarter earnings report. The company reported a net income of $654 million for the period, compared to a net income of $356 million for the same period last year.

Genworth Financial (GNW)

General Counsel Ward Bobitz will resign from Genworth effective Dec. 31. He’ll remain employed with the company in an advisory role through June 30, 2022. The company said it expects Gregory Karawan, currently a vice president at Genworth, will be appointed to replace Bobitz.

The company also announced that Pamela Harrison, chief human resources officer, will resign effective Dec. 31. It is expected that Melissa Hagerman, currently a leader in the company’s HR department, will replace Harrison.

The company posted its third quarter financial results here, its first quarter’s end since the IPO spinoff of its mortgage insurance division, now known as Enact Holdings.

Hamilton Beach Brands (HBB)

The electrical products supplier filed its quarterly earnings report for the third quarter. The company reported a net income of $5.7 million for the quarter, compared to a loss of $2 million for the same period last year.

Kinsale Capital Group (KNSL)

The insurer released its third quarter earnings, posting net income of $36.6 million, up from $14.9 million in the same period last year. Click here for the full report.

LL Flooring (LL)

The flooring retailer posted its third quarter earnings with net income of $8.7 million, down from $15 million a year ago. Click here for the full report.

Markel (MKL)

The insurance underwriter filed its earnings report for the third quarter. The company reported a net income of $189.7 million for the period, compared to a net income of $454 million for the same period last year.

Medalist Diversified REIT (MDRR)

The commercial real estate-focused REIT announced it and an unaffiliated company closed on the $7.3 million purchase of the Parkway Center, a 64,000-square-foot office and industrial park in Virginia Beach. Full announcement here.

Owens & Minor (OMI)

The healthcare logistics company filed its third-quarter earnings report. The company reported a net income of $44.1 million for the quarter, compared to a net income of $46.1 million for the same quarter last year.

President and CEO Edward A. Pesicka sold 56,641 shares at about $41 per share for a total of $2.3 million. Pesicka directly owns 1.3 million shares of common stock.

Performance Food Group (PFGC)

The Goochland-based foods distributor filed its earnings report for the first quarter of its fiscal year 2022. The company reported a net income of $4.7 million for the period, compared to a net loss of $700,000 for the same period the previous year.

Patrick T. Hagerty sold 500 shares at about $45 per share for a total of $22,500. Hagerty directly owns 149,033 shares of common stock.

Village Bank and Trust Financial (VBFC)

The bank declared its first ever cash dividend of $0.14 per share of common stock, payable Nov. 22, to shareholders of record at the close of business on Nov. 8. Village was founded in 2003.

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