Tag - TCHC

Advisory Board Co (Nasdaq:ABCO), 21st Century Holding Co (Nasdaq:TCHC) and Sinclair Broadcast Group Inc (Nasdaq:SBGI) are among the new 52-week lows in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Britannia Bulk Holdings Inc (Nasdaq:DWT), NetSuite Inc (Nasdaq:N), ACCO Brands Corp (Nasdaq:ABD), Radware Ltd (Nasdaq:RDWR), inVentiv Health Inc (Nasdaq:VTIV) and First Mercury Financial Corp (Nasdaq:FMR).

Here are the new 52-week lows among small caps:

Multi-Fineline Electronix Inc (Nasdaq:MFLX), Advisory Board Co (Nasdaq:ABCO) and Pacer International Inc (Nasdaq:PACR) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: National Financial Partners Corp (Nasdaq:NFP), ACCO Brands Corp (Nasdaq:ABD), 21st Century Holding Co (Nasdaq:TCHC), Smith Micro Software Inc (Nasdaq:SMSI), Cambrex Corp (Nasdaq:CBM) and Kulicke & Soffa (Nasdaq:KLIC).

Here are the biggest percentage losers among small caps:

Shares of 21st Century Holding Company (Nasdaq: TCHC) fell sharply on news after the start of trading that third-quarter profit suffered a sharp decline.

The Lauderdale Lakes, Fla.-based insurance holding company reported that net income for the third-quarter was $1.87 million, or $0.24 per share, a decline of 38% compared with a net income of $3.03 million, or $0.40 per share during the same period in 2006.

Total revenues advanced 19.4% to $29.6 million from $24.8 million during the same period in 2006.

21st Century, which underwrites insurance in the state of Florida, attributed the decline in profit to a charge of $2.8 million, or $0.22 per share, imposed by the Florida Insurance Guarantee Association. The charge is related to the company’s requirement to participate in funding for the insolvency of other property and casualty insurance carriers operating in the state. The money will be recouped over a future 12-month period.

“Even with this charge to earnings, we believe our fourth quarter will be significantly more profitable and we are hereby reiterating guidance that the company will report earnings of approximately $2.50 per share for calendar year 2007,” said chairman and CEO Edward Lawson.

That’s an increase of 36% compared with earnings of $1.84 per share during 2006.

Lawson also said that 21st Century is now free of debt for the first time in its history.

At 3:43 p.m. ET, shares of 21st Century Holding Company (TCHC) were down $2.13, or 13%, to $13.88. The 52-week low of $9.74 was touched on May 8, while the 52-week high of $29.00 was reached on Nov. 15, 2006.

Gevity HR, Inc. (Nasdaq: GVHR), Somaxon Pharmaceuticals, Inc. (Nasdaq: SOMX) and Glu Mobile Inc. (Nasdaq: GLUU) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage losers:

Stock indices appreciated for the fourth time this week as speculation of a possible deal between Yahoo! Inc. (Nasdaq: YHOO) and Microsoft Corp. (Nasdaq: MSFT) overshadowed news of slow U.S. job growth.  Among small caps, shares of EasyLink Services Corp. (Nasdaq: EASY) moved up on news of a buyout, while 21st Century Holding Company (Nasdaq: TCHC) fell sharply.

The Russell 2000 added 4.01 points, or 0.48 percent, to 832.88, less than a point below its record close on April 26.  The Dow Jones Industrial Average closed in record territory for the fourth day on a row, adding 23.24 points, or 0.18 percent, to 13,264.62.

These are the biggest percentage losers among companies with market capitalizations under $500 million:

Wall Street is bullish this morning amid reports Microsoft Corp. is looking to acquire Yahoo! Inc. and despite news of slow U.S. job growth.  In small cap action, shares of Shutterfly, Inc. (Nasdaq: SFLY) got a lift on news of a narrowed quarterly loss, while Voxware, Inc. (Nasdaq: VOXW) regained listing compliance.

At 11:14 a.m. ET the Russell 2000 had added 2.60 points, or 0.31 percent, to 831.47.  The Dow Jones Industrial Average was up 30.06 points, or 0.23 percent, to 13,271.44.

Stocks are trading in positive territory shortly after the opening bell, following a published report of a possible collaboration between Microsoft Corp. and Yahoo! Inc., and after this morning's report of slower-than-expected U.S. job growth.

At 9:47 a.m. ET the Russell 2000 had added 1.47 points, or 0.18 percent, to 830.34. The Dow Jones Industrial Average was up 5.36 points, or 0.04 percent, to 13,246.74.

In business news, rumors are abuzz that computer giant Microsoft Corp. (Nasdaq: MSFT) and search engine Yahoo! Inc. (Nasdaq: YHOO) are in the early stages of talks to hammer out some sort of partnership or merger, according to a report in the New York Post.

The following are the most actively traded companies in pre-market trading among those with market capitalizations under $500 million:

Investors reacted swiftly and decisively late today to 21st Century Holding Co.’s (Nasdaq: TCHC) reporting a significantly lower first quarter earnings and lowering its guidance for 2007.

Shares plunged in after-hours trading -- by $8.69, or 43.5%, to $11.30 as of 6:17 pm ET. The stock has traded between $12.19 (on July 24) and $33.75 (on Oct. 26) in the past year.

Volume was heavy, with more than 340,000 shares changing hands, compared with an average three-month daily volume of 87,080 shares.

For the quarter ended March 31, the Lauderdale Lakes, Fla.-based insurance carrier posted net income of $842,805, or $0.11 per share, on revenue of $25.6 million, compared with net income of $6 million, or $0.88 per share, on revenue of $25.1 million in the year-ago period.

Avanex Corp.’s (Nasdaq: AVNX) stock rose by $0.04, or 2.4%, to $1.69 in heavy trading today despite the Fremont, Calif.-based fiber-optic networking company predicting fiscal fourth-quarter revenue below analysts’ estimates. For the quarter ended March 31, Avenex reported a non-GAAP net loss of $3 million, or $0.01 per share, on revenue of $55.1 million. Looking ahead, Avanex estimated that it would see revenue in the range of $47 million and $52 million in the fourth quarter. Six analysts had estimated a net loss of $0.01 on revenue of $56 million for the fiscal third quarter, and earnings per share of $0.00 on revenue of $56.3 million for the fiscal fourth quarter.

Shares of Jones Soda Co. (Nasdaq: JSDA) plunged by $3.40, or 13.8%, to $21.72 in after-hours trading after the company posted disappointing first-quarter earnings and revenue. For the three-months ended March 31, Jones Soda posted earnings of $58,312, or $0.00 per share, on revenue of $9.2 million, compared with $2,542, or $0.00 per share, on revenue of $8.8 million in the prior-year quarter. Five analysts polled by Thomson First Call had estimated earnings per share of $0.03 on revenue of $13.2 million. The Seattle-based beverage distributor said it spent a lot of money during the quarter on investments in its infrastructure, primarily sales personnel, and increased compliance costs to support its aggressive expansion plans and several new promotional programs.