Boston, MA 03/27/2014 (wallstreetpr) – RCS Capital Corp (NYSE:RCAP) begins trading ex-dividend today. The company announced award of cash dividend of 18 cents per share, payable to eligible shareholders on April 10. The cash dividend payout will capture shareholders who acquired or held shares of the stock before the ex-dividend date. RCAP has paid cash dividend of 18 cents in the last four consecutive quarters. In efforts to improve its business performance and maintain solid relationship with the public and investors, the company recently created a position of director for investor and public relations, and appointed Mr. Andrew G. Backman to head the unit. Shares of the stock closed $37.37, up 8.60 percent. Earlier on shares escalated to highs of $37.53, thus touching a new 52-week high. Having opened the day at $34.30, the shares of RCS Capital Corp (NYSE:RCAP) changed hands between $34.30 and $37.53 throughout Wednesday.
Liquid Holdings Group Inc (NASDAQ:LIQD, a provider of financial services software, continues to attract buying investors after its most recent quarter financial report exceeded expectation and a major shareholder boosted stake. Shares of the company jumped more than 6 percent to $4.19 by closing bell Wednesday. The heavy volume trading day saw shares shifting hands between $3.96 and $4.27 throughout the day. But even with the pattern of gains that the stock has witnessed in recent times, shares are still far below their 52-week high of $10.30. However, analysts are urging optimism given that the stock shows big room for more uplift. The move by one of the major investors in the company Allmen Douglas J. Von, to purchase more than 133,800 shares of the company has been among the support lines for the stock. When major investors return to scoop more shares, the rest of the market is left excited and Liquid Holdings Group Inc (NASDAQ:LIQD) is benefiting from this excitement.
Ever since adjusting its fourth quarter 2013 and first quarter 2014 revenue outlook, Vimicro International Corporation (ADR) (NASDAQ:VIMC) has remained an attractive stock for investors. The stock has a positive gain pattern with significant amount of shares changing hands in the past sessions. The fabless chip company announced that its revenue expectation for the fourth quarter is in the range of $21 – $22 million, up from the previous range of $13.5 – $15.5 million. The first quarter is expected to come in with $15 – $17 million revenue, above $7.9 million noted in the first quarter of 2013.