Dubroff: Tri-Counties becoming hot spot for new capital investments
Capital markets have discovered the Tri-Counties in a big way in 2017. This might be a permanent change in the way wealth is created and distributed in the region or a warning sign that markets are close to a peak. On May 23, The Trade Desk, the region’s only IPO of 2016, announced that existing Read More →
Read More →PennyMac declares dividend of 54 cents
The board of trustees for PennyMac Mortgage Investment Trust declared a dividend of 54 cents for the Westlake Village company’s stockholders May 23. The dividend will be paid on June 15 to stockholders of record June 1. • Contact Marissa Nall at mnall@pacbiztimes.com.
Read More →Westlake Village-based PizzaRev acquired
Chicago accelerator firm Cleveland Avenue acquired a majority stake in Westlake Village-based pizza chain PizzaRev. Cleveland Avenue, founded by retired McDonald’s CEO Don Thompson, invests in food and beverage businesses, including providing research and development resources. PizzaRev represented an opportunity for scale and growth, Thompson said in a news release May 22. “This is more Read More →
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Westlake Village drone business taking off
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Read More →First quarter profit up at LTC Properties
Westlake Village-based LTC Properties on May 8 reported $21.4 million in profit for the first quarter of 2017, or 54 cents per diluted share, up from $19.8 million, or 53 cents per diluted share, during the first quarter of 2016. LTC Properties is a real estate investment trust that buys facilities such as nursing homes. Read More →
Read More →PennyMac Financial Services misses analysts’ first-quarter profit estimates
Westlake Village-based PennyMac Financial Services reported first-quarter profit of $10.9 million or 47 cents per share on May 5. The results were lower than Wall Street expectations, which analysts surveyed by Zacks Investment Research had put at 63 cents per share. PennyMac Financial Services reported $62 million in pretax income for the first quarter of Read More →
Read More →Inphi revenues grow but net loss increases
Semiconductor producer Inphi, with operations in Westlake Village, reported first quarter net losses of $11.3 million May 2, compared to net income of $220,000 in the first quarter of 2016. The company brought in $93.6 million in revenue from continuing operations, up from an adjusted $54.1 million for the same period last year and $80.9 Read More →
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