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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Jan. 31, 3:32 AM

Slide #6. Performant Financial Corporation Secondary Offering

Company: Performant Financial Corporation (NASDAQ:PFMT)
Date announced: 1/28/2015
Secondary Offering Details: Performant Financial Corporation (Nasdaq:PFMT) ("Performant") announced today that it intends to offer, subject to market and other conditions, $80 million aggregate principal amount (or up to an aggregate of $92 million aggregate principal amount if the underwriters named below exercise their over-allotment option in full) of convertible senior notes due 2020 (the "Notes") and $50 million of Performant common stock (or up to $57.5 million of common stock if the underwriters exercise their over-allotment option in full) in separate registered public offerings (the "Offerings"). Morgan Stanley & Co. LLC, and SunTrust Robinson Humphrey, Inc. will act as joint book-running managers for each of the Offerings.

Performant Financial provides technology-enabled recovery and related analytics services. Co.'s services help identify and recover delinquent or defaulted assets and improper payments for both government and private clients in a range of markets. Co. uses its technology-enabled services platform to provide recovery and analytics services in a range of markets for the identification and recovery of student loans, improper healthcare payments and delinquent state tax and federal treasury receivables. The components of Co.'s platform include its data management service, analytics capabilities and technology-based workflow processes.
Open the PFMT Page at The Online Investor »

Company Name:  Performant Financial Corp
Sector:  Communications Services
Number of ETFs Holding PFMT:  15
Total Market Value Held by ETFs:  $3.89M
Total Market Capitalization:  $291.00M
% of Market Cap. Held by ETFs:  1.34%

Open the PFMT Page at The Online Investor (in a new window) »

January 31, 2015    3:32 AM Eastern
Quotes delayed 20 minutes

Buy (2.70 out of 4)
28th percentile
(ranked lower than approx. 72% of all stocks covered)
Based on Zacks ABR data;
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