Posts Tagged ‘investment’

Oil exploration company gets $400M from private equity firm

WILKINSON COUNTY — A private equity firm will invest up to $400 million to support efforts by Houston-based Halcón Resources Corp to drill for oil on the 314,000 acres that Halcón has leased in the Tuscaloosa Marine Shale of southwest Mississippi and southeast Louisiana. Halcón said yesterday that it would sell $150 million in preferred […] [...]

Investment advisor, firm fined by secretary of state

FLOWOOD — A stock brokerage and former investment adviser have been fined by the Mississippi secretary of state for advising a now-dead Greenville woman to buy into a risky and unprofitable company. In a March order announced late last week, Texas-based brokerage Sanders Morris Harris agreed to a $25,000 fine, plus $10,000 to cover investigative […] [...]

Hancock Fabrics’ board votes to go private

BALDWYN — Hancock Fabrics says it plans to stop being a publicly traded company, allowing executives to focus on improving its business. The Northeast Mississippi Daily Journal reports the change has been approved by the Hancock Fabrics board of directors and must be approved by shareholders in August. The company trades under the symbol HKFI, […] [...]

AT&T three-year infrastructure investment tops $1B

JACKSON — AT&T reports it has invested more than $1 billion in its wireless and wired networks in Mississippi between 2011 through 2013. Advancing its Project Velocity IP (VIP), an investment plan to expand and enhance its wireless and wired IP broadband networks, AT&T made 696 network upgrades statewide in 2013. Upgrades included new cell […] [...]

Hancock Holding introduces new small cap fund

GULFPORT — Hancock Holding Company has launched the Hancock Horizon U.S. Small Cap Fund as a new addition to the company’s $2-billion family of mutual funds. The fund offers investors exposure to a diverse portfolio of small cap stocks and is managed by the same team that oversees the 5-star Morningstar-rated Burkenroad Small Cap Fund. […] [...]

State receives settlement involving securities violation

JACKSON — Mississippi has received $34,070 in settlement funds from a state securities violation. Another multi-state investigation by the North American Securities Administrators Association (NASAA), of which includes Mississippi, found RBC Capital Market employees sold securities without properly registering with the Mississippi Secretary of State’s Office. “Registering investment advisors provides confidence to Mississippi citizens when […] [...]

Molpus Woodlands agrees to buy timberland in Alabama

JACKSON — The timberland investment management firm Molpus Woodlands Group, LLC has, on behalf of a client, entered into an agreement to purchase approximately 73,000 acres of timberland located north, east and west of Birmingham, Ala. The close of the purchase is set to occur in installments starting in October 2013. Terms were not disclosed. […] [...]

BancorpSouth increases dividend for first time in two years

TUPELO — The BancorpSouth Inc. board of directors has declared a quarterly cash dividend of $0.05 per common share, which is a $0.04 per share or 400 percent increase over the company’s previous quarterly dividend payment of $0.01 per common share. The dividend is payable Oct. 1 to shareholders of record at the close of […] [...]

Hosemann files brief against SEC over Morgan Keegan settlement

JACKSON — Secretary of State Delbert Hosemann has filed a brief in support of a lawsuit filed against the Securities and Exchange Commission (SEC) concerning the Morgan Keegan settlement. The case demands the SEC finally distribute millions of dollars in settlement funds to Mississippi investors. “Injured Mississippi investors have been stopped from receiving their own […] [...]

The First accounts for merger, net income down nearly 25 percent

HATTIESBURG — The First Bancshares Inc. reports net income available to common stockholders for the three months ended June 30 amounted to $706,000, or $.18 per diluted share, compared to $931,000, or $.30 per diluted share for the same quarter in 2012, a decrease of $225,000 or 24.2 percent. Net income available to common shareholders […] [...]

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