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Closing Bell Events. The After Market Hours Social Events Calendar and Society Page.
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Upgrades & Downgrades: HPQ, RTP, VALE
Upgrades
Company Symbol Brokerage Firm Upgrade From To (Target Price) Hewlett-Packard HPQ JMP Securities Mkt Perform Mkt Outperform ($50) Rio Tinto PLC RTP RBC Capital Mkts Sector Perform Outperform
Downgrades
Calavo Growers, Inc. (Nasdaq: CVGW) Earnings Review: Posts Record Fiscal 2010 Third Quarter Results
Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in avocado marketing and an expanding provider of other perishable items and prepared foods, reported that fiscal 2010 third quarter net income advanced 141 percent on an eight percent increase in revenues. Eclipsing the previous all-time highs set last quarter, the record results reflect higher fresh and prepared avocado product sales, as well as growth in diversified perishable produce.
Harleysville Group Inc. (Nasdaq: HGIC) Cash Dividend
The Board of Directors of Harleysville Group Inc. (NASDAQ: HGIC) increased the company’s regular quarterly cash dividend by 11 percent to $0.36 per share from $0.325 per share, or to an annualized $1.44 per share from $1.30 per share. The dividend is payable September 30, 2010, to shareholders of record on September 15, 2010. This marks the 97th consecutive quarter Harleysville Group has paid a dividend since the company went public in 1986.*
Oxford Industries, Inc. (NYSE: OXM) Earnings Review: Reports Second Quarter Results
Oxford Industries, Inc. (NYSE: OXM) announced financial results for its fiscal 2010 second quarter, which ended July 31, 2010. Consolidated net sales were $186.5 million in the second quarter of fiscal 2010 compared to $192.9 million in the second quarter of fiscal 2009. Last year's sales included $13.4 million of sales from businesses the Company has exited. Diluted net earnings per share were $0.44, exceeding both the Company's previously issued guidance of $0.30-$0.35 and a loss of $0.01 per share in the second quarter of fiscal 2009.
Golub Capital BDC, Inc. (Nasdaq: GBDC) Cash Dividend
Golub Capital BDC, Inc. (Nasdaq: GBDC) board of directors declared a quarterly dividend of $0.31 per share payable on September 30, 2010 to holders of record as of September 10, 2010.*
Regal Beloit Corporation (NYSE: RBC) M & A Review: Regal Beloit Acquires Rotor B.V.
Regal Beloit Corporation (NYSE: RBC) announced that it has acquired Rotor B.V. headquartered in Eibergen, the Netherlands.
Rotor sells standard and special electric motors to a variety of industries including the marine industry, ship building and offshore oil and gas. In addition to the Netherlands, Rotor also sells throughout Europe, the UK and Japan. The management of Rotor will continue to lead the company following the acquisition.
Cash Dividend: MCG Capital Corporation (Nasdaq: MCGC) Dividend
MCG Capital Corporation (Nasdaq: MCGC) board of directors declared a dividend of $0.12 per share. The dividend is payable as follows:*
Record date: September 7, 2010
Payable date: October 4, 2010
