Fin Stocks News! Berkshire Hathaway Inc. (BRK.B), Colony Capital Inc (CLNY)

Shares of Berkshire Hathaway Inc. (NYSE:BRK.B) ended Wednesday session in green amid volatile trading. The shares closed up +3.49 points or 2.36% at $151.28 with 8.69 million shares getting traded. Post opening the session at $146.10, the shares hit an intraday low of $145.10 and an intraday high of $151.64 and the price vacillated in this range throughout the day. The company has a market cap of $374.13 billion and the numbers of outstanding shares have been calculated to be 1.29 billion shares.

Berkshire Hathaway Inc. (BRK.B) engaged in various business activities. The Company conducts insurance businesses on both a primary basis and a reinsurance basis, a freight rail transportation business and a group of utility and energy generation and distribution businesses. Its segments include GEICO, General Re Corporation (General Re), Berkshire Hathaway Reinsurance Group (BHRG), Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, Manufacturing, McLane Company, Service and retailing, and Finance and financial products. Its insurance and reinsurance business activities are conducted through various domestic and foreign-based insurance entities. Its insurance businesses provide insurance and reinsurance of property and casualty risks, and also reinsure life, accident and health risks across the world.

Shares of Colony Capital Inc (NYSE:CLNY) ended Wednesday session in red amid volatile trading. The shares closed down -0.63 points or -3.23% at $18.90 with 2.08 million shares getting traded. Post opening the session at $19.10, the shares hit an intraday low of $18.82 and an intraday high of $19.27 and the price vacillated in this range throughout the day. The company has a market cap of $2.14 billion and the numbers of outstanding shares have been calculated to be 113.26 million shares.

Colony Capital Inc (CLNY) recently declared financial results for the third quarter ended September 30, 2016 and declared a dividend of $0.40 per share of Class A and Class B common stock for the fourth quarter of 2016.

Third Quarter 2016 Highlights

Net income attributable to common stockholders of $22.9 million, or $0.20 per basic share.

Core funds from operations (“Core FFO”) of $70.0 million, or $0.52 per basic share; Funds from operations (“FFO”) of $47.0 million, or $0.35 per basic share.

Declared and paid a third quarter dividend of $0.40 per share of Class A and Class B common stock.

Held a closing for the Company’s first open-end fund (“CIF”) which invests in the U.S. industrial market with total callable capital commitments of about $258 million on September 30, 2016; CIF conpresently attained an investment interest at fair value in the approximate $2 billion Colony Light Industrial Platform (“CLIP”) portfolio.

 

 

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