Constellation Energy and Vistra stock surge after PJM capacity auction results
In a recent transaction, Anthony Coniglio, President and CEO of NewLake Capital Partners (WA:CPAP), Inc. (OTC:NLCP), acquired 700 shares of the company’s common stock. The shares were purchased at a price of $15.10 each, amounting to a total investment of $10,570. Following this transaction, Coniglio’s direct ownership stands at 592,786 shares. This acquisition reflects a continued commitment to the company by its executive leadership, coming at a time when the stock trades near its 52-week low of $14.90. The company maintains strong fundamentals with a healthy balance sheet, boasting more cash than debt and an impressive 11.4% dividend yield. According to InvestingPro analysis, NewLake Capital appears undervalued based on its Fair Value estimate.For investors seeking deeper insights, InvestingPro offers 10 additional investment tips for NLCP and a comprehensive Pro Research Report, part of its coverage of over 1,400 US stocks. The platform’s analysis reveals the company’s "GREAT" financial health score, providing valuable context for investment decisions.
In other recent news, Newlake Capital Partners announced its fourth-quarter 2024 earnings, reporting an earnings per share (EPS) of $0.29, which fell short of the expected $0.36. The company’s revenue also missed forecasts, coming in at $12.5 million compared to the projected $12.75 million. Despite these misses, Newlake Capital Partners reported a 6% increase in annual revenue to $50.1 million for 2024, alongside an 8% increase in its annual dividend. The company continues to face challenges within the cannabis industry, including regulatory uncertainty and market saturation. Analysts have noted the cautious outlook for 2025, with Newlake Capital Partners focusing on disciplined growth and quality investments. The company has been working on strategic expansion, completing significant construction projects and acquisitions. Additionally, Newlake Capital Partners is monitoring tenant debt maturities and plans to strategically use share buyback and ATM programs. These developments reflect the company’s ongoing efforts to navigate a challenging market environment.
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