David A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment funds such as hedge funds and private credit. With over 30 years’ experience in investing, David holds a Master of Science (MS) Degree in Finance, with a concentration in Investment Analysis, from Boston University, a Certificate in Financial Planning, and ...

Investors in ARMOUR Residential REIT, Inc. (ARR) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $7.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It ...

Core Points - ARMOUR Residential REIT, Inc. announced a cash dividend of $0.24 for December 2024, with the record date set for December 16, 2024, and payment date on December 30, 2024 [2] - The company is required to distribute substantially all of its ordinary REIT taxable income to maintain its tax status as a real estate investment trust [2] - ARMOUR primarily invests in fixed rate, adjustable rate, and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises [3] Dividend Information - The December 2024 cash dividend is $0.24 per share [2] - Record date for the dividend is December 16, 2024, and payment will be made on December 30, 2024 [2] Tax Matters - ARMOUR has elected to be taxed as a REIT for U.S. Federal income tax purposes, necessitating timely distribution of taxable income [2] - Dividends exceeding current tax earnings and profits are generally not taxable to common stockholders [2] Company Overview - ARMOUR is externally managed and advised by ARMOUR Capital Management LP, which is registered with the SEC [3]

Management to Host Third Quarter 2024 Results Conference Call on Thursday, November 14, 2024 at 5:30 p.m. Eastern Time SEATTLE, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced preliminary select financial results for the third quarter ended September 30, 2024. Key Financial & Operational Highlights for the Third Quarter of 2024 Preliminary, un ...

Q3 2024 Financial Highlights1  Revenue (in $ millions) SaaS SubscriptionRecurringTotalReportedY/Y growthReportedY/Y growthReportedY/Y growth$7.415.1%$10.99.4%$16.62.1% SaaS ARR up 13% Y/Y to $29.2 million;Total ARR up 8% Y/Y to $43.6 million;SaaS NRR of 107%;Bookings up 14% Y/Y and 32% Q/Q to $8.7 million;Partner-attached Bookings up 52% Q/Q at 47% of overall Bookings;Adjusted EBITDA margin of 25.3% or $4.2 million;Gross profit margin of 60%;RPO of $32.1 million. CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSW ...

The Zacks REIT and Equity Trust industry is facing volatility in mortgage rates on several evolving factors. As the Federal Reserve lowers rates, mortgage rates are likely to decrease gradually, thus improving purchase originations and refinancing activities. The mREIT industry will likely witness book value improvement in the near term as spreads in the Agency market tighten, driving asset prices.However, the volatile scenario in MBS markets and restricted financial conditions might affect industry players ...

ARMOUR Residential REIT has been named as a Top 10 Real Estate Investment Trust (REIT), according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among REITs, ARR shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent ARR share price of $19.39 represents a price-to-book ratio of 0.8 and an annual dividend yield of 14.85% — by comparison, the average stock in Dividend Channel's coverage universe yields 3 ...

Financial Data and Key Metrics Changes - ARMOUR's Q3 GAAP net income available to common stockholders was $62.9 million or $1.21 per common share, with distributable earnings available to common stockholders at $52 million or $1 per common share [3] - The quarter-end book value increased to $20.76 per common share, up from $20.30 at June 30, representing a 2.3% increase for the quarter [5] - ARMOUR raised $129.4 million of equity capital through the issuance of 6,413,735 shares of common stock, with an additional $11.1 million raised post-quarter [4] Business Line Data and Key Metrics Changes - ARMOUR's portfolio experienced approximately 5 basis points of tightening in nominal spreads during Q3, with a portfolio duration of 0.91 years and implied leverage at 8.6x as of October 21 [9][10] - Constant prepayment rates averaged 7.5 CPR in Q3, a slight decrease from 7.7 CPR in Q2 [12] Market Data and Key Metrics Changes - The two-year and ten-year treasuries rallied by 111 basis points and 62 basis points respectively, with the two's ten spread reaching a high of positive 22 basis points [6] - The company noted that the current environment is favorable for potential book value appreciation and earnings growth due to the anticipated Fed easing cycle [7] Company Strategy and Development Direction - ARMOUR is positioned to benefit from favorable market trends, with a focus on increasing leverage to capitalize on the current environment [8] - The company maintains a diversified hedge book to dampen volatility and has a strong liquidity position, with approximately 50% of total capital available [9][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the macro environment, anticipating that the Fed's easing cycle will drive mortgage spreads and improve earnings [7][8] - The company is prepared for potential volatility due to upcoming elections but remains confident in its strategy and market positioning [10][17] Other Important Information - ARMOUR's management fee waiver of $1.65 million for Q3 continues until further notice, which offsets operating expenses [3] - The repo market remains liquid, with ARMOUR funding 40% to 60% of its MBS portfolio through its affiliate BUCKLER Securities [14] Q&A Session Summary Question: Update on current duration exposure and changes to assets or hedge composition - Management confirmed a duration of 0.91 as of October 21, with most duration positioned in the front end of the curve [16] Question: Leverage comfort level amid market volatility - Management expressed comfort with the current leverage level of 8.6, viewing it as an output of their liquidity position [17] Question: Update on book value amid rate volatility - Management indicated no plans for more frequent book value updates despite recent volatility [18] Question: Capital raising strategy going forward - The company aims to raise capital close to or above book value, considering investment opportunities and market conditions [19] Question: Current returns in terms of carry and cost of capital - Management noted production coupon ROE at 6%, with higher coupons in the high teens, indicating confidence in maintaining dividends [20] Question: Outlook on prepayments and servicing capacity - Management expects prepayments to decline in the near term but anticipates faster speeds as the Fed easing cycle deepens [21][22] Question: Tail risk outlook and hedge portfolio changes - Management is dynamically hedging their portfolio to prepare for potential volatility and changes in interest rates [25] Question: Expected equity returns in improved environment - Management indicated higher coupons could yield returns in the high teens, with expectations for overall returns to improve as market conditions stabilize [27][30]

Armour Residential REIT (ARR) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.26%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.91 per share when it actually produced earnings of $1.08, delivering a surprise of 18.68%.Over the last fou ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of Each Class Trading symbols Name of Exchange on which registered Preferred Stock, 7.00% Series C Cumulative Redeemable ARR-PRC New York Stock Exchange Common Stock, $0.001 par value ARR New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...