Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust announced it recently entered into an amendment and restatement to increase borrowing capacity and extend maturity dates for its $850 million unsecured credit facility. Full announcement here.
Atlantic Union Bankshares (AUB)
The parent of Atlantic Union Bank posted its second quarter earnings, citing net income of $59.3 million. That’s down from $99 million in the same period last year. Click here for the full report.
The bank also posted an investor slideshow here.
Director Ronald Tillett sold 2,500 shares at $34.47 per share for a total $86,000. He still directly owns more than 27,000 shares of AUB stock.
C&F Financial (CFFI)
The parent of C&F Bank reported its second quarter earnings, citing net income of $6.8 million. That’s down from $12.5 million in the same period last year. Click here for the full report.
Director Julie Agnew will resign from the company’s board effective Aug. 16. The company said her resignation is the result of her accepting a new job with an investment manager that prevents her from serving as a director for any publicly traded company. She had been on the board since 2016.
CarMax (KMX)
EVP Mohammad Shamim sold 3,456 shares at about $94 per share for a total of $324,864. Shamim directly owns 8,769 shares of common stock.
EVP and General Counsel Diane Cafritz sold 15,555 shares at about $95 per share for a total of about $1.5 million and sold 18,092 shares at about $91 per share for a total of about $1.6 million. Cafritz directly owns 4,988 shares of common stock.
The used car retailer held its annual shareholders meeting in late June. A summary of actions taken at the meeting, including elections for the board of directors, can be found here.
Dominion (D)
The power utility’s board of directors recently announced the election of Kristin Lovejoy to the board effective Aug. 1.
Dynex Capital (DX)
The mortgage REIT’s board of directors approved the appointment of Robert Colligan as executive vice president, CFO, secretary and principal financial officer effective at the close of business Aug. 5. Stephen Benedetti plans to end his run as company executive vice president, CFO, COO, secretary and principal financial officer at the close of business Aug. 5. Benedetti will remain employed with Dynex through Aug. 31 to assist with the transition.
The REIT reported its second quarter 2022 earnings report. The company reported net interest income of $14.1 million for the three-month period that ended June 30.
Medalist Diversified REIT (MDRR)
The commercial real estate-focused REIT received a deficiency letter in early July from the Nasdaq Listing Qualifications Department because the closing bid price for the company’s common stock has been below $1 per share for the previous 30 business days. Full announcement here.
Alfred Finley, a 10 percent owner, bought 209,236 shares at about 88 cents per share for a total of approximately $184,128. Finley directly owns nearly 2 million shares of common stock.
ALF Operating Partners, an entity tied to a firm where Finley is president, bought 5,000 shares for about $1 per share for a total of about $5,000 in May. ALF Operating Partners directly owns 125,000 shares of common stock.
Owens & Minor (OMI)
Director Robert Henkel bought 1,000 shares at about $32 per share for a total of about $32,000. Henkel directly owns 27,000 shares of common stock.
COO Jeffrey Jochims sold 8,000 shares at about $31 per share for a total of $248,000. Jochims directly owns 195,956 shares of common stock.
Carissa Rollins has been elected to the board of directors effective July 12, the company announced. Rollins is CIO of Illumina. Mark McGettrick resigned from the board effective the same day. A full announcement can be found here.
Performance Food Group (PFGC)
Executive Vice President Patrick Hagerty sold 500 shares at about $46 per share for a total of $23,000. Hagerty directly owns 146,825 shares of common stock.
Tredegar (TG)
The plastic and aluminum parts manufacturer in late June entered into a second amended and restated credit agreement with JP Morgan Chase Bank and other lenders. The lenders have committed to provide Tredegar with a $375 million, five-year secured revolving credit facility, the company announced. Full announcement here.
Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust announced it recently entered into an amendment and restatement to increase borrowing capacity and extend maturity dates for its $850 million unsecured credit facility. Full announcement here.
Atlantic Union Bankshares (AUB)
The parent of Atlantic Union Bank posted its second quarter earnings, citing net income of $59.3 million. That’s down from $99 million in the same period last year. Click here for the full report.
The bank also posted an investor slideshow here.
Director Ronald Tillett sold 2,500 shares at $34.47 per share for a total $86,000. He still directly owns more than 27,000 shares of AUB stock.
C&F Financial (CFFI)
The parent of C&F Bank reported its second quarter earnings, citing net income of $6.8 million. That’s down from $12.5 million in the same period last year. Click here for the full report.
Director Julie Agnew will resign from the company’s board effective Aug. 16. The company said her resignation is the result of her accepting a new job with an investment manager that prevents her from serving as a director for any publicly traded company. She had been on the board since 2016.
CarMax (KMX)
EVP Mohammad Shamim sold 3,456 shares at about $94 per share for a total of $324,864. Shamim directly owns 8,769 shares of common stock.
EVP and General Counsel Diane Cafritz sold 15,555 shares at about $95 per share for a total of about $1.5 million and sold 18,092 shares at about $91 per share for a total of about $1.6 million. Cafritz directly owns 4,988 shares of common stock.
The used car retailer held its annual shareholders meeting in late June. A summary of actions taken at the meeting, including elections for the board of directors, can be found here.
Dominion (D)
The power utility’s board of directors recently announced the election of Kristin Lovejoy to the board effective Aug. 1.
Dynex Capital (DX)
The mortgage REIT’s board of directors approved the appointment of Robert Colligan as executive vice president, CFO, secretary and principal financial officer effective at the close of business Aug. 5. Stephen Benedetti plans to end his run as company executive vice president, CFO, COO, secretary and principal financial officer at the close of business Aug. 5. Benedetti will remain employed with Dynex through Aug. 31 to assist with the transition.
The REIT reported its second quarter 2022 earnings report. The company reported net interest income of $14.1 million for the three-month period that ended June 30.
Medalist Diversified REIT (MDRR)
The commercial real estate-focused REIT received a deficiency letter in early July from the Nasdaq Listing Qualifications Department because the closing bid price for the company’s common stock has been below $1 per share for the previous 30 business days. Full announcement here.
Alfred Finley, a 10 percent owner, bought 209,236 shares at about 88 cents per share for a total of approximately $184,128. Finley directly owns nearly 2 million shares of common stock.
ALF Operating Partners, an entity tied to a firm where Finley is president, bought 5,000 shares for about $1 per share for a total of about $5,000 in May. ALF Operating Partners directly owns 125,000 shares of common stock.
Owens & Minor (OMI)
Director Robert Henkel bought 1,000 shares at about $32 per share for a total of about $32,000. Henkel directly owns 27,000 shares of common stock.
COO Jeffrey Jochims sold 8,000 shares at about $31 per share for a total of $248,000. Jochims directly owns 195,956 shares of common stock.
Carissa Rollins has been elected to the board of directors effective July 12, the company announced. Rollins is CIO of Illumina. Mark McGettrick resigned from the board effective the same day. A full announcement can be found here.
Performance Food Group (PFGC)
Executive Vice President Patrick Hagerty sold 500 shares at about $46 per share for a total of $23,000. Hagerty directly owns 146,825 shares of common stock.
Tredegar (TG)
The plastic and aluminum parts manufacturer in late June entered into a second amended and restated credit agreement with JP Morgan Chase Bank and other lenders. The lenders have committed to provide Tredegar with a $375 million, five-year secured revolving credit facility, the company announced. Full announcement here.