Jefferies Financial Group Stock Price, News & Analysis

Leucadia Asset Management, a division of Jefferies (NYSE: JEF), has announced a strategic partnership with Catenary Alternatives Asset Management, a New York and Miami-based multi-manager equity long/short platform. Leucadia will provide seed capital to Catenary, which was founded in 2012 by Eli Cohen. This collaboration aims to meet growing investor demand for multi-manager platforms that deliver uncorrelated alpha. The leadership teams expressed enthusiasm about the partnership, emphasizing Catenary's distinct approach and strong track record in the equity markets.

Danimer Scientific (NYSE: DNMR) announced the completion of a $130 million senior secured term loan to enhance liquidity and support its growth strategy. The loan will provide a net increase of $86.1 million in liquidity, vital for corporate operations. The company's preliminary results for 2022 show revenues of $53.2 million, down from $58.7 million in 2021, resulting in a net loss of $(180) million, which included a $(63) million goodwill impairment. The firm will report its detailed financial results on March 28, 2023.

Jefferies Financial Group Inc. (NYSE: JEF) has announced its upcoming release of first-quarter financial results, scheduled for Tuesday, March 28, 2023, following market closure. As a prominent global investment banking and capital markets firm, Jefferies offers a wide range of services including advisory, trading, research, and asset management across over 40 offices worldwide. This report will provide stakeholders with insights into the company’s financial performance and market positioning.

Jefferies Financial Group Inc. (NYSE: JEF) announced that Massachusetts Mutual Life Insurance Company (MassMutual) has converted 125,000 Series A Cumulative Convertible Preferred Shares into 4,654,362 shares of Jefferies common stock. This conversion reflects a significant milestone in the longstanding relationship between the two firms, as expressed by Jefferies' CEO Rich Handler and President Brian Friedman, who view this as a testament to their successful partnership. MassMutual's Chairman, Roger Crandall, also highlighted the growth of Jefferies as a leading financial services firm and the desire to explore further collaborative opportunities.

StemPoint Capital, specializing in life sciences investment, has formed a strategic partnership with Leucadia Asset Management, a subsidiary of Jefferies Financial Group (NYSE:JEF). This collaboration includes Leucadia acquiring a minority interest in StemPoint, which aims to leverage investment opportunities in biotechnology and pharmaceuticals. Michelle Ross, StemPoint's Chief Investment Officer, expressed optimism about the partnership's potential to enhance their business strategy and execution in these sectors. Leucadia's leadership emphasized their commitment to supporting StemPoint's growth, citing their extensive industry experience.

Jefferies Financial Group Inc. (NYSE: JEF) has successfully spun off Vitesse Energy, Inc. (NYSE: VTS) into an independent publicly traded company. The distribution took place on January 13, 2023, where Jefferies shareholders received one share of Vitesse Common Stock for every 8.49668 Jefferies shares held. Approximately 26.6 million shares were distributed, constituting around 94.37% of Vitesse's total shares. Vitesse focuses on non-operated oil and gas properties in the U.S., primarily in the Bakken and Three Forks formations. Trading for both companies commenced on January 17, 2023.

Jefferies Financial Group reported Q4 2022 net earnings of $140 million, or $0.57 per diluted share, with annualized return on adjusted tangible equity at 7.2%. Total net revenues reached $1.44 billion, driven by Investment Banking revenues of $568 million and Capital Markets revenues of $478 million. Despite being 38% lower than 2021, the firm ranked #6 in global M&A and equity capital markets. The company repurchased 3.9 million shares for $121 million and announced a dividend of $0.30 per share, payable on February 24, 2023.

Jefferies Financial Group Inc. (NYSE:JEF) announced the distribution date for Vitesse Energy, Inc. common stock as January 13, 2023, with a record date of December 27, 2022. Shareholders will receive one share of Vitesse for every 8.49668 shares of Jefferies held. An Information Statement detailing the spin-off will be provided to shareholders. The distribution aims to be tax-free for U.S. federal tax purposes, except for cash received for fractional shares. Trading for Vitesse Common Stock begins on a 'when-issued' basis on or about January 10, 2023.

Jefferies Financial Group Inc. (NYSE: JEF) will announce its fourth-quarter and annual 2022 financial results on Monday, January 9, 2023, after market close. Established 60 years ago, Jefferies is a leading independent global investment banking firm, offering a comprehensive suite of services including investment banking, advisory, sales and trading, research, and wealth management across the Americas, Europe, and Asia. The firm is also involved in alternative asset management through its Leucadia Asset Management division.