Connecticut Mortgages – CT Contra http://ctcontra.com/ Sat, 08 Jan 2022 11:21:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://ctcontra.com/wp-content/uploads/2021/05/default-141x136.png Connecticut Mortgages – CT Contra http://ctcontra.com/ 32 32 What’s new with cannabis stocks for the week ending 07/01/22 – New Cannabis Ventures https://ctcontra.com/whats-new-with-cannabis-stocks-for-the-week-ending-07-01-22-new-cannabis-ventures/ Fri, 07 Jan 2022 21:30:00 +0000 https://ctcontra.com/whats-new-with-cannabis-stocks-for-the-week-ending-07-01-22-new-cannabis-ventures/ Navigate the rapidly evolving cannabis industry with 420 Investor, a premium service that sends out real-time alerts and explanations on the news below and much more. Summary BDSA data suggests November cannabis sales edged down December was a record month for legal cannabis sales in Illinois 420 model investor portfolios have returned -4.4% to -1.9% […]]]>

Navigate the rapidly evolving cannabis industry with 420 Investor, a premium service that sends out real-time alerts and explanations on the news below and much more.

Summary

  • BDSA data suggests November cannabis sales edged down
  • December was a record month for legal cannabis sales in Illinois
  • 420 model investor portfolios have returned -4.4% to -1.9% year-to-date, while the Global Cannabis Stock Index has lost 2.9%

Review

Illinois cannabis sales in December rose sharply from November to a record $ 173 million, up 14% from November and 43% from a year ago. BDSA data for November showed stagnant growth in most of the markets it covers.

Over the week, I shared this information with 420 Investor subscribers:

  • Composition of the model portfolio 12/31/21
  • Cannabis Sub-Sector Review – 12/31/21
  • Hifyre’s December Canadian Retail Estimates
  • Prepare for Strategic Investments in U.S. Cannabis Companies
  • Snapshots of the next Organigram and Tilray financial reports

Here are some of this week’s highlights for 420 names on the Focus Investor List:

  • The AAWH publicly berated MedMen for unilaterally terminating its binding agreement to acquire MedMen’s New York operations. He closed two previously announced dispensary acquisitions in Chicago that were previously known as Midway, giving him 8 in Illinois.
  • AYRWF announced that it has repurchased 568,000 shares under its previously announced program.
  • The CCHWF has opened its 4th dispensary in Virginia.
  • CGC has published its first ESG report.
  • CURLF has appointed a new president who was previously one of the founders of Grassroots Cannabis following the announcement of the retirement of its COO.
  • GNLN President (and former CEO) Aaron LoCascio has resigned. He also loaned the company $ 8 million at 15% for six months.
  • GRWG acquired Mobile Media and MMI Agriculture, which manufactures mobile shelving systems for agricultural businesses, for $ 9.4 million.
  • SMG announced a 40% year-over-year drop in first quarter revenue for Hawthorne and slashed the full-year growth outlook from -10% to zero from previous guidance from 8 to 12% . The company also announced two acquisitions for $ 225 million, including a lighting company and a seller of coatings and storage solutions for drying and hardening plants.
  • TCNNF introduced the brand from a Californian blunt producer to Arizona. He opened his 14th Pennsylvania dispensary.
  • TRSSF has appointed a former Parallel executive with extensive experience at Walgreens as the new President and COO.
  • UGRO pre-announced annual revenue of $ 65 million, with an order backlog growing from $ 22.5 million in the third quarter to over $ 30 million.
  • VFF investor Sundial announced an initial 7.3% stake.
  • VRNOF has appointed a new CFO with extensive CPM experience, including the Director of Supply Chain Finance and CFO of US Operations of The Kraft Heinz Company most recently.

Market performance

The Global Cannabis Stock Index began 2022 by extending the decline that began in February, declining 2.9% to 31.91:

The index, which lost 26% in 2021 after gaining 5.2% in 2020, is down 2.9% in 2022. It currently includes 38 stocks and ended 2021 at 32.85:

Model portfolios

420 Investor offers three model portfolios to underwriters, two of which are long-term focused and fully invested with the goal of beating the Global Cannabis Stock Index, 420 Opportunity and 420 Quality. Opportunity 420 ended the week at $ 89,060, down 1.9%. The model portfolio, down 13.8% in 2021 after gaining 35.6% in 2020, is down 1.9% in 2022 and has increased by 78.1% since April 2014 despite the strong loss of the index since then. 420 Quality ended the week at $ 123,532, down 2.2% for the week. It is down 2.2% in 2022 and 21.8% in 2021 after gaining 42.8% in 2020. The model was launched in March 2017 targeting long-term investors looking to invest in major stocks low turnover cannabis portfolio and has gained 147.1% since then. compared to the 60.5% decline in the index since then. Flying High, which focuses on swing trades, ended the week at $ 281,269, down 4.4%. The model portfolio gained 16.6% in 2021 and 52.7% in 2020 and is down 4.4% in 2021. The return since its inception in late 2013 has been 2713%.

Outlook

The cannabis industry has continued to evolve through several ups and downs over the past few years. 2021 started off with massive fourth-quarter gains but hit a wall in mid-February, slipping the rest of the year after the market got ahead. Disappointment with slow federal reforms or the move towards legalization was a factor, but declining growth in cannabis sales, regulatory delays in several states, and the implosion of the wholesale flower market in California have also been a factor. play a role. In Canada, while the market has continued to grow, the move towards derivatives has been slow. In addition, the biggest LPs have lost market share and have not been able to evolve so far.

The bull market that began in March 2020 after the pandemic and capital crunch that followed the vaping crisis in 2019 appears to be intact for U.S. cannabis operators, who continue to trade significantly higher than where they traded at summer 2020 despite sharp declines since the peak in February. Looking ahead, the outlook looks strong, with major companies moving towards positive operating cash flow and increased access to non-dilutive capital, including debt, mortgages and sale-leasebacks. Several states will switch from medical-only to adult use, including New Jersey, New Mexico, Vermont and Connecticut in 2022, New York in 2023, and Virginia in 2024. Several other states may also switch to legalization of adult use, including Delaware, Florida, Maryland, Minnesota, New Hampshire, Pennsylvania, and Rhode Island. Several states are also expanding their programs, with additional dispensaries coming to Illinois. The medical-only state of Minnesota will add flowers and edibles in 2022, and Ohio is expanding its program as well. Growing competition in some state markets weighing on profitability will likely remain a challenge. Also, while many see federal legalization as a positive, in my opinion it remains a potential risk factor.

While shares of U.S. cannabis companies continue to be held primarily by retail investors, 2021 has seen an increase in institutional investment. Another big development has been the growth of AdvisorShares Pure US Cannabis ETF (MSOS), which has broadened access to cannabis companies for investors who do not trade stocks over-the-counter. Additionally, a number of ancillary companies have gone public and trade on higher stock exchanges, providing institutional investors with a way to invest in the sector. We have seen several investments in U.S. cannabis companies, mostly by Canadian production companies, but in the future, strategic investments through creative financial structures will likely extend to CPG companies in 2022.

At the federal level, the FDA (or Congress) could clarify the regulation of CBD. When it comes to THC, Democrats (Cannabis Administration and Opportunity Act) and Republicans (States Reform Act) are pushing forward legislation to legalize cannabis. While this is in my opinion a long process due to the complexity (varying state regulations, role of the FDA, social fairness, taxation), it is very different from what the developing cannabis industry has faced there. Just a few years ago: potential crackdowns on state legalization. I remain hopeful that Congress can push forward with small reforms, including expanded research and SAFE Banking. Stronger financial reform that would explicitly allow companies operating in state-legal cannabis to trade on higher exchanges would be hugely positive.

Beyond America, the legalization of cannabis continues to proliferate. Although Canada remains the largest market for legal cannabis federally, many other countries have medical programs, including Argentina, Chile, Colombia, Ecuador, Peru, and Uruguay (fully legal) in South America. Mexico has legalized possession but does not yet have a regulated program, and it may legalize adult use as well. Australia’s medical program was slow to start but has gained ground. New Zealand also has a medical program. In Africa, several countries have legalized medical cannabis. Europe, of course, has seen the widespread adoption of medical cannabis. Germany has been slow to develop but could move towards legalization for use by adults. Other markets where there is medical cannabis are Denmark, Greece, Italy, the Netherlands, Poland and Portugal. The UK and Israel have medical cannabis, and Israel may move towards legalization for adult use. Of course, let’s not forget Jamaica!

Get ahead by signing up to 420 Investor, the largest and most comprehensive premium subscription service for cannabis traders and investors since 2013.

Alan Brochstein, CFA

Based in Houston, Alan puts his experience as the founder of the online community to good use. 420 Investor, the first and still the largest publicly traded equity-focused due diligence platform in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. AT New cannabis companies, he is responsible for content development and strategic alliances. Prior to focusing on the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as a freelance research analyst after more than two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 on In search of the alpha, where he has 70,000 subscribers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, The Wall Street Journal, Fox Business and Bloomberg TV. Contact Alain: Twitter | Facebook | LinkedIn | E-mail

Receive our Sunday newsletter




Source link

]]>
Global stocks tumble after Fed signals faster rate hikes https://ctcontra.com/global-stocks-tumble-after-fed-signals-faster-rate-hikes/ Thu, 06 Jan 2022 09:00:00 +0000 https://ctcontra.com/global-stocks-tumble-after-fed-signals-faster-rate-hikes/ BEIJING (AP) – Global stocks and Wall Street futures fell on Thursday after investors saw minutes of a Federal Reserve meeting as a sign that the US central bank could raise interest rates faster to calm inflation. The benchmarks in London and Frankfurt opened down more than 1% while Tokyo lost nearly 3%. Notes from […]]]>

BEIJING (AP) – Global stocks and Wall Street futures fell on Thursday after investors saw minutes of a Federal Reserve meeting as a sign that the US central bank could raise interest rates faster to calm inflation.

The benchmarks in London and Frankfurt opened down more than 1% while Tokyo lost nearly 3%.

Notes from the Fed’s meeting last month showed policymakers believe the U.S. labor market is almost healthy enough that ultra-low rates are no longer necessary. Traders took this as a sign that the Fed could be more aggressive in reversing the stimulus measures that are pushing stock prices up.

The report “pummeled the markets” by upsetting expectations that the Fed’s earlier plans were stalled, Mizuho Bank’s Vishnu Varathan said in a report.


Early in the session, the London FTSE 100 lost 1.1% to 7,435.95. The Frankfurt DAX fell 1.4% to 16,046.83 and the CAC 40 in Paris fell 1.6% to 7,255.16.

On Wall Street, the future of the benchmark S&P 500 was down 0.3% and that of the Dow Jones Industrial Average was down 0.2%.

On Wednesday, the S&P 500 slipped 1.9% and the Dow fell 1.1%. The Nasdaq composite fell 3.3% in its largest single-day decline in 11 months.

In Asia, the Nikkei 225 in Tokyo lost 2.9% to 28,487.87 and the Shanghai Composite Index lost 0.2% to 3,586.08. The Hang Seng in Hong Kong ended up 0.7% at 23,072.86 after a rally late in the session.


Source link

]]>
Connecticut Sports Betting: Best CT Betting Sites – January 2022 https://ctcontra.com/connecticut-sports-betting-best-ct-betting-sites-january-2022/ Tue, 04 Jan 2022 13:00:00 +0000 https://ctcontra.com/connecticut-sports-betting-best-ct-betting-sites-january-2022/ Find out everything you need to know about sports betting in Connecticut. Mandatory Credit: Troy Taormina-USA TODAY Sports Online sports betting in Connecticut has been legal since October 2021, so with that in mind, we’ve listed the best betting sites and apps to use for betting on sports in CT. Connecticut’s Best Sports Betting Sites […]]]>
Find out everything you need to know about sports betting in Connecticut. Mandatory Credit: Troy Taormina-USA TODAY Sports

Online sports betting in Connecticut has been legal since October 2021, so with that in mind, we’ve listed the best betting sites and apps to use for betting on sports in CT.

Connecticut’s Best Sports Betting Sites

FanDuel Sportsbook Logo Get a risk-free bet of $ 1,000 Claim this offer 21+. New customers only. AZ, CO, CT, IA, IL, IN, MI, NJ, PA, TN, VA, WV only. General conditions apply
Sugar House Sportsbook Logo 100% match up to $ 250 Claim this offer Claim your qualifying bonus from the account after logging in as per the promotion instructions. Either way, get a 100% match up to $ 250 on your first deposit. Only one code can be used. The first deposit bonus can only be claimed once per person. Must be 21 and over. NJ, CT only. Full terms and conditions apply.

Sports betting in Connecticut

Online and retail sports betting is now online and legal in CT. Retail operations began accepting bets in September, while the state’s top three online betting sites went live on Tuesday, October 19, after a successful smooth launch the week before.

It happened after Governor Ned Lamont enacted HB6451 in May 2021, a bill that allowed retail and online sports betting to become legal in the state.

DraftKings and FanDuel are the two retail sports betting to have launched in the state so far, with these retail sports betting launching at Foxwoods Resort Casino and Mohegan Sun respectively, and more are expected to follow as CT opens up to the idea of ​​sports betting.

FanDuel’s betting site is also now open for business in Connecticut, with Play SugarHouse. Other new sites are expected to follow. Learn more about the best CT betting sites below.

Connecticut Sports Betting FAQs

Online Paris Yes
Mobile paris Yes
Retail Paris Yes
Minimum age 18+
Is Sports Betting Legal In Connecticut?

Sports betting is fully legal and licensed in the state of Connecticut, with retail sports betting launching in September 2021 and online launch in October 2021.

This became the case after the enactment of Law HB6451 in May 2021, with Connecticut only taking a few months to launch both retail and online sales in the state following this.

Who governs sports betting in Connecticut?


The Department of Consumer Protection’s gaming division regulates all forms of legalized gambling in Connecticut, since sports betting was legalized in CT in May 2021.

Where can I bet on sports in Connecticut?

There are currently a handful of retail sportsbooks available throughout Connecticut, with these located in select casinos.

In addition, you can also bet on online sports in CT, with a number of online sportsbooks available to bet for those in the constitutional state.

How old do you have to be to bet in Connecticut?


To bet on sports in Connecticut, you must be at least 21 years old, and you must also be within CT state limits in order to place bets and collect your winnings.

What sports can I bet on in Connecticut?

When it comes to sports betting on CT, you can bet on a wide variety of different sports, from soccer and hockey to tennis and boxing, as well as a number of other popular and niche sports.

However, it’s important to note that those at CT cannot bet on college games involving college teams from Connecticut, so you’ll have to look elsewhere if you want to bet on the UConn Huskies this season.

Despite the launch of sports betting just a few days ago, CT already has a handful of sportsbooks ready and available in time for the remainder of the NFL season and the start of the NBA and NHL seasons. .

With that in mind, we’ve reviewed and ranked the sportsbooks currently online in the state, offering our analysis on what makes them worth a try.

Our favorite CT sports betting sites

Sugar house Connecticut



100% deposit match up to $ 250

To be eligible, you must be at least 21 years old and playing in the state of New Jersey. New account holders will be able to use the bonus code 250MATCH on their first deposit. The offer is to deposit and receive 100% up to $ 250 in bonus money with a 1X wagering requirement. Use bonus code 250MATCH on your first deposit. Minimum deposit of $ 10. Bet with your head, not on it. Game problem? Call 1-800-GAMBLER.
Visit the site

From their live streaming services to their great options and odds in the sports market, Connecticut residents couldn’t have wished for better sportsbooks than SugarHouse to launch first in the state.

With a solid signup offering and an easy account creation process to get started, SugarHouse is easily one of the best sportsbook around.

FanDuel Connecticut



Claim your $ 1,000 Risk-Free Bet

21+. New customers only. AZ, CO, CT, IA, IL, IN, MI, NJ, PA, TN, VA, WV only. General conditions apply
Visit the site

While providing great deals and promotions for new and existing customers and a wide range of parlay betting markets, FanDuel also has one of the best Daily Fantasy Sports betting sections in the country.

With an excellent live streaming service and a range of sports markets on offer as well, FanDuel has one of the most comprehensive sports betting on the market.

Connecticut Retail Sportbooks

After going live in September 2021, you might not be surprised to learn that there are currently only a handful of retail sportsbooks available in Connecticut, with these sportsbooks listed below. below.

sport bets Site
DraftKings Foxwoods Resort and Casino
FanDuel Mohegan Sun Casino

Latest Connecticut Sports Betting News

With online sports betting now launched in Connecticut, forecasters expect the industry to bring in about $ 40 million to the state in tax revenue in the first two years of trading, with that number set to increase. as more and more bookies are opening their doors in the state. .

The handful of sports betting ended up grossing $ 54.7 million in the first 20 days of legal online sports betting in CT, with residents of the state clearly appreciating the fact that they can now legally bet on one. multitude of kinds.

A new permanent retail bookie FanDuel is slated to open this winter in CT, with this set to be placed where the Mohegan Sun Race Book previously stood.

Connecticut Sports Betting History

The conversation regarding the legalization of sports betting began in March 2020 after Governor Ned Lamont made known his support for the legalization of sports betting.

This conversation lasted for several months until January 2021, a month that saw CT lawmakers introduce a bill that would allow two tribes to offer sports betting within their casinos.

The next big step came in May 2021, when the Connecticut Lottery asked four sportsbook to apply to become its official online betting partner, with Bill HB6451 passed by the Senate and later enacted in the month.

On September 30, 2021, residents of CT were then able to bet on the sport for the first time, as DraftKings and FanDuel opened to the public at two casinos.

October 7 then saw the launch of online sports betting in CT, with a number of sports betting launching their online platforms on that date, signaling the full introduction of sports betting into the constitutional state.

Connecticut sports teams to bet on

Despite being home to cities like Hartford and Stanford, Connecticut unfortunately doesn’t have any major league sports teams to bet your money on.

They have a number of varsity teams, but the ones at CT can’t bet on varsity teams from Connecticut like the UConn Huskies for example, so we picked some of the bigger teams from neighboring states that those from CT came in. to support over the years.

New England Patriots

The Patriots have been one of the most recognizable teams in the NFL for quite some time now, which is mainly because Tom Brady guided them to their six Super Bowl wins, the best of any team in the league. .

With the 2021 NFL season well under way, you can bet on every Patriots game for the regular season, as well as New England to make the playoffs, win the AFC East and win the Super Bowl.


Boston Red Sox

The Red Sox have won nine World Series titles in their history, only two most successful teams in league history, with their most recent victory coming in 2018.

You can bet on all of their remaining matches for the current season, as well as whether or not you think Boston will win the World Series.

Boston Celtics

The Celtics have won 17 NBA titles in their history, the most common with the LA Lakers, with Boston’s last title being over a decade ago in 2008.

You can bet on every Celtics game this season, as well as Boston to make the playoffs, win the Eastern Conference and the NBA title.

Boston Bruins

The Bruins have reached 20 Stanley Cup Finals in their history, winning just six, their most recent victory coming in the 2011 season, with Boston having reached and lost the final twice since then.

Markets such as Boston to win the Stanley Cup, make the playoffs, and win the Atlantic Division are all available to bet, as are all of the Bruins’ games for the current season.

New England Revolution

The Revolution has made the MLS Cup final five times, but despite that, they have yet to get their hands on the trophy, losing all of their appearances in the final, including her most recent appearance in 2014.

All New England games for the current season can be bet, as well as markets such as New England to win the MLS Cup, win the Eastern Conference and advance to the playoffs.

Note to readers: we may earn a commission on the offers and links on this page.


Source link

]]>
Mortgage rates rise but remain low in the final days of 2021 https://ctcontra.com/mortgage-rates-rise-but-remain-low-in-the-final-days-of-2021/ Thu, 30 Dec 2021 15:14:48 +0000 https://ctcontra.com/mortgage-rates-rise-but-remain-low-in-the-final-days-of-2021/ SILVER SPRING, Maryland (AP) – Average long-term mortgage rates in the United States rose slightly in the last week of 2021. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark, the 30-year home loan, climbed to 3.11% this week from 3.05% last week. A year ago, the 30-year rate stood at […]]]>

SILVER SPRING, Maryland (AP) – Average long-term mortgage rates in the United States rose slightly in the last week of 2021.

Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark, the 30-year home loan, climbed to 3.11% this week from 3.05% last week. A year ago, the 30-year rate stood at 2.67%.

The average rate on 15-year fixed-rate mortgages, popular among those refinancing their homes, rose to 2.33% from 2.3% last week. It was 2.17% a year ago.

Many economists expect rates to rise next year after the Federal Reserve announced earlier this month that it would start cutting back on its monthly bond purchases – which are aimed at lowering rates in the long run. term – to combat the acceleration of inflation. But even with the three rate hikes expected next year, the Fed’s benchmark rate would still be below 1%.

Despite historically low interest rates, many potential buyers have missed out due to a low supply of available housing which seems to be getting more expensive day by day. Median home prices are nearly 20% higher than a year ago, with no sign of relief for frustrated house hunters looking for more space since the pandemic erupted nearly two years.

In addition to lack of supply and skyrocketing prices, virus supply chain outages are forcing builders to delay projects and struggle to meet demand.


Source link

]]>
Bankwell Financial Group (NASDAQ: BWFG) cut to “hold” at Zacks Investment Research https://ctcontra.com/bankwell-financial-group-nasdaq-bwfg-cut-to-hold-at-zacks-investment-research/ Wed, 29 Dec 2021 00:11:19 +0000 https://ctcontra.com/bankwell-financial-group-nasdaq-bwfg-cut-to-hold-at-zacks-investment-research/ Bankwell Financial Group (NASDAQ: BWFG) has been downgraded from Zacks investment research from a “buy” note to a “keep” note in a research note issued to investors on Tuesday, Zacks.com reports. According to Zacks, “Bankwell Financial Group, Inc. is a commercial bank that serves residents and businesses primarily in Fairfield and New Haven, CT counties. […]]]>

Bankwell Financial Group (NASDAQ: BWFG) has been downgraded from Zacks investment research from a “buy” note to a “keep” note in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Bankwell Financial Group, Inc. is a commercial bank that serves residents and businesses primarily in Fairfield and New Haven, CT counties. loan products as well as electronic banking and online banking services. Bankwell Financial Group, Inc. is headquartered in New Canaan, Connecticut. “

BWFG shares traded down $ 0.22 during the midday session Tuesday, reaching $ 31.91. The company had a trading volume of 42,874 shares, compared to its average volume of 28,212. The company has a 50-day moving average of $ 31.06. The company has a current ratio of 1.03, a quick ratio of 1.03, and a debt to equity ratio of 0.49. Bankwell Financial Group has a one-year low at $ 18.22 and a one-year high at $ 33.99. The company has a market cap of $ 250.27 million, a PE ratio of 13.24 and a beta of 0.84.

Bankwell Financial Group (NASDAQ: BWFG) last reported its results on Tuesday, October 26. The bank reported earnings per share (EPS) of $ 0.87 for the quarter, beating the consensus estimate of $ 0.82 by $ 0.05 by Thomson Reuters. Bankwell Financial Group had a net margin of 22.73% and a return on equity of 10.17%. The company posted revenue of $ 19.16 million for the quarter, compared to analysts’ expectations of $ 18.60 million. Research analysts predict that Bankwell Financial Group will post earnings per share of 3.26 for the current year.

(A d)

It could be the highest grossing event in crypto history. And that only happens once. If you miss it, there is no second chance.

In other Bankwell Financial Group news, Director Lawrence B. Seidman acquired 7,186 shares of the company in a trade on Monday, November 29. The stock was purchased at an average price of $ 31.00 per share, for a total value of $ 222,766.00. The purchase was disclosed in a legal file with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Mcneill acquired 11,070 shares of the company in a transaction on Tuesday, November 9. The stock was acquired at an average cost of $ 31.12 per share, for a total value of $ 344,498.40. Disclosure of this purchase can be found here. Insiders bought 21,604 shares of the company worth $ 670,931 in the last quarter. Insiders hold 26.45% of the shares of the company.

A number of institutional investors have recently changed their holdings in the company. Russell Investments Group Ltd. acquired a new stake in Bankwell Financial Group during the second quarter for a value of approximately $ 30,000. Public Employees Retirement System of Ohio strengthened its position in Bankwell Financial Group by 81.8% in the second quarter. The Ohio Public Employee Retirement System now owns 2,000 shares of the bank worth $ 55,000 after purchasing an additional 900 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Bankwell Financial Group during the third quarter valued at approximately $ 55,000. UBS Group AG increased its equity stake in Bankwell Financial Group by 23.3% in the third quarter. UBS Group AG now owns 2,428 shares of the bank valued at $ 70,000 after purchasing an additional 459 shares in the last quarter. Finally, the Royal Bank of Canada increased its stake in Bankwell Financial Group shares by 42.6% in the second quarter. Royal Bank of Canada now owns 7,573 shares of the bank valued at $ 209,000 after purchasing an additional 2,263 shares in the last quarter. Hedge funds and other institutional investors hold 33.92% of the company’s shares.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc. is a banking holding company which provides financial services through its banking subsidiary, Bankwell Bank. It offers checks, savings, money market, online and mobile banking, debit cards and personal loans. The company also provides business banking solutions such as business auditing, cash management, business savings, business services, business loans and lines of credit, and commercial mortgages.

Recommended story: upside down / downside

Get a Free Copy of Zacks’ Research Report on Bankwell Financial Group (BWFG)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Bankwell Financial Group now?

Before you consider Bankwell Financial Group, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Bankwell Financial Group was not on the list.

While Bankwell Financial Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Source link

]]>
Group pays mortgages for fallen state soldier and firefighter https://ctcontra.com/group-pays-mortgages-for-fallen-state-soldier-and-firefighter/ Sun, 26 Dec 2021 13:42:12 +0000 https://ctcontra.com/group-pays-mortgages-for-fallen-state-soldier-and-firefighter/ BOSTON (AP) – A foundation that supports the families of first responders and military personnel who have died in the line of duty has paid off mortgages for a Massachusetts firefighter and soldier as part of its campaign annual Season of Hope. The Tunnel to Towers Foundation this week paid off mortgages for the families […]]]>

BOSTON (AP) – A foundation that supports the families of first responders and military personnel who have died in the line of duty has paid off mortgages for a Massachusetts firefighter and soldier as part of its campaign annual Season of Hope.

The Tunnel to Towers Foundation this week paid off mortgages for the families of Private Thomas Clardy and Newburyport firefighter Brett Burkinshaw.

Clardy, 44, was killed in March 2016 on the Massachusetts Turnpike in Charlton when he was struck by a vehicle during a traffic stop. He leaves behind a wife and six children.


“The holidays can be a difficult time for my children without their father,” his wife, Reisa, said in a statement. “Paying off the mortgage during the season of hope helps us have faith, joy and happiness during the holiday season.”

Burkinshaw, 47, died in July after a 19-month battle with work-related brain cancer. He is survived by his wife Cheryl and their daughter.

“Home is where our heart is and where we have so many happy memories with Brett. Knowing that my daughter and I will have the security of our home forever without a mortgage is impossible to express in words,” said Cheryl Burkinshaw in a statement.

Families of Little Rock, Arkansas, Fire Battalion Chief Edward Louis Karriem; Detroit Police Officer Myron Anthony Jarrett; and Kalamazoo, Mich., Deputy Sheriff Ryan Proxmire, also had their mortgages paid.


Source link

]]>
The Day – The family of a man shot by a soldier sues West Haven https://ctcontra.com/the-day-the-family-of-a-man-shot-by-a-soldier-sues-west-haven/ Sat, 25 Dec 2021 02:58:49 +0000 https://ctcontra.com/the-day-the-family-of-a-man-shot-by-a-soldier-sues-west-haven/ WEST HAVEN (AP) – The family of a 19-year-old who was shot dead by police in January 2020 in a car chase sued the town of West Haven, town police and soldiers from the State involved in the case. Attorney Mark Arons filed a lawsuit Tuesday in New Haven Superior Court, the New Haven Register […]]]>

WEST HAVEN (AP) – The family of a 19-year-old who was shot dead by police in January 2020 in a car chase sued the town of West Haven, town police and soldiers from the State involved in the case.

Attorney Mark Arons filed a lawsuit Tuesday in New Haven Superior Court, the New Haven Register reported on Friday. He said the lawsuit was necessary to preserve the two-year statute of limitations for negligence claims against the police.

The lawsuit seeks compensatory and punitive damages, attorney fees and costs, and any other relief the court may deem appropriate. The family had already filed a claim in February 2020, saying they would seek $ 10 million in undue damages from state and local police.

Brian Foley, spokesperson for the State Department of Emergency Services and Public Protection, which includes Connecticut State Police, said the trial “involves civil court proceedings, over which we cannot no comment at this point “.

City offices were closed on Friday. West Haven attorney Lee Tiernan has previously said the city’s policy is not to comment on pending litigation.

Mubarak Soulemane was shot dead as a result of the car chase while sitting in the driver’s seat of a car in West Haven. His relatives and civil rights groups have called on a state prosecutor to complete the investigation and charge Private Brian North, who fired seven shots at Soulemane.

The investigation into the rare fatal shootings of a Connecticut state soldier lasted months longer than other investigations into the fatal shootings of Connecticut officers. Arons said while loved ones are frustrated, he would rather see a thorough review than a rushed review.


Source link

]]>
Habitat families grateful to be home for the holidays | Winchester Star https://ctcontra.com/habitat-families-grateful-to-be-home-for-the-holidays-winchester-star/ Fri, 24 Dec 2021 05:00:00 +0000 https://ctcontra.com/habitat-families-grateful-to-be-home-for-the-holidays-winchester-star/ WINCHESTER – Nobody appreciates the expression “There is no place like home for the holidays” better than a person who did not always know if they would have a house for Christmas. Take, for example, Karen Burrough, a single woman raising four children in a rented house her owner is eager to sell. Or Jasmine […]]]>

WINCHESTER – Nobody appreciates the expression “There is no place like home for the holidays” better than a person who did not always know if they would have a house for Christmas.

Take, for example, Karen Burrough, a single woman raising four children in a rented house her owner is eager to sell.

Or Jasmine Edwards, the mother of two boys who was once forced to live out of her car because she couldn’t afford a house.

Or Liliya El Abani, a lawyer who fled war-torn Libya with her family and had to start over in the United States.

Fortunately, the Winchester-based nonprofit Blue Ridge Habitat for Humanity was there to help these three women build a better future by providing them with affordable, quality housing.

Today, a few hours before Christmas, Karen, Jasmine and Liliya reflect on their difficult journey, from unstable housing to owning a home for the holidays.

Karen

Karen Burrough has yet to move into her own home, but she already knows how she will decorate it for her first Christmas.

“We’re going to have a real tree, nothing artificial, because I want the smell of Christmas,” she said. “And I will definitely decorate every year. My stepfather was an electrician, so he has a large ladder that can reach the roof. He’s going to be tricked out, that’s for sure.

In just over a year, Karen will be moving into a new home to be built in Norris Village II, a conglomerate of homes built by Habitat along West Lane in Winchester’s North End. Even though her house isn’t expected to be ready until 2023, she is already putting in place her “sweat equity” – a Habitat requirement that requires clients to help build their own home.

In some cases, including Karen’s, it may not always be possible for clients to participate in the construction process. For example, Karen takes financial management classes, helps build another Habitat home in Strasbourg, attends events offering advice on home repairs and improvements, and prepares a will to ensure that the timing is right. come, his house will be adopted. up to his children.

“I have almost 100 hours already,” she said of her sweat equity.

Karen, a single mom raising four children aged 3 to 12, came to Habitat because she couldn’t buy a house on her own. She had applied for traditional mortgages but, although she was earning a stable income, she was refused due to her student loan debt.

Karen and her children currently live in a rented house in Strasbourg. It’s a very nice house, but her owners want to sell it and she can’t buy it. Fortunately, her owners understand her situation and have agreed to let her stay there until she can move into her new Habitat home in Winchester.

Karen said she can’t wait to celebrate her first Christmas at a house named after her on the mortgage.

“The tree will go through the front window,” she said. “I already know where it’s going to go.”

Jasmine

Jasmine Edwards, a single mother with two boys aged 3 and 17, makes a lot of money as a restaurant waitress, but most of her income comes from tips. When she tried to get a mortgage to buy a house, financiers only considered her hourly wage of $ 2.13 and did not approve her for a loan.

This left Jasmine with no choice but to rent, and her monthly rent payments were so high that she couldn’t save any money. At some point before the birth of her second son, Zachary, she and her eldest, Marquise, were between two apartments and had to live in their car for several weeks.

Fortunately, Jasmine connected with Blue Ridge Habitat for Humanity and moved into her own house next to Norris Village II last year. It will be her second Christmas there with the kids.

“It will be just us,” Jasmine said. “We will be spending the whole day at home.

She will be waiting for the boys downstairs on Christmas morning, impatient to see them open the presents that Santa Claus will leave for them under the tree.

“Then we’re going to bake cookies and watch Christmas movies,” Jasmine said. “And I have a closet full of board games so we can play all day.”

Zachary said he hoped for snow so he could see a snowman on Christmas Day. When asked if the 3-year-old would go outside to build his own snowman in the garden, he replied, “No, it’s cold. “

Liliya

Liliya El Abani was a lawyer in her native Bulgaria who fell in love with a Middle Eastern man named Wyle El Abani. They were raising a family in Libya but had to flee in 2011 when a civil war that ultimately toppled dictator Muammar Gaddafi made the country too dangerous for children.

The El Abani ended up in Winchester, but because Liliya’s law degree was European, she could not practice law in the United States. Instead, she accepted a job in retail at TJ Maxx department store in Winchester while her husband started a transport company, Win Transport Corp.

“He was a really nice husband, the best you can imagine,” Liliya said of Wyle. “He always took care of us.

Just as their fledgling family business was starting to turn a profit, Wyle was diagnosed with cancer. He passed away on December 29, 2018, leaving his heartbroken wife to raise their three children on her own in a foreign country.

“When I lost him, it was like I was dead,” Liliya said. “I had $ 350 in my bank account, but I had to fight for them to have a good future. As parents, we must be a good example for our children.

The transport company had gone out of business during Wyle’s battle with cancer, so Liliya’s only source of income was the weekly paycheck from her full-time job at TJ Maxx.

Last year, a friend encouraged her to contact Blue Ridge Habitat for Humanity to see if the nonprofit could help her buy a house with a lower monthly mortgage payment than she paid in rent. .

“I said, ‘OK, let me try,’” Liliya said. “For me, a house is stability. This is where your children feel safe.

June 12, 2020 – her husband’s birthday – Liliya learned that she had been accepted into Habitat’s home ownership program. The news was so good and the timing so perfect that her children feared she had misunderstood what the Habitat representative said and insisted on accompanying her when she signed the documents.

Liliya immediately began to dedicate her sweaty hours to fairness, working in the Habitat outlet, Restore at 400 Battaile Drive in Winchester, and helped build her new home on Baker Lane, right across from Jasmine and one block from where Karen will live in 2023.

“I loved working with the guys [on the construction crew]”Liliya said.” They were so nice. They taught me a lot of things.

This knowledge came in handy when Liliya and her children moved into the house in August. With the help of her father, who came from Bulgaria with his wife to be with their daughter and grandchildren, Liliya installed an electric fireplace with a stone mantel and a decorative backsplash on the kitchen walls.

The fireplace is currently adorned with holiday decorations. Next to it is a large and beautiful Christmas tree that sparkles with brilliant white lights.

On Christmas Day, Liliya said that her parents would come and that she, the children and the Zeus family dog ​​would open presents and enjoy a holiday feast.

“It’s going to be an amazing Christmas,” she said. “I can’t believe we’ve come to this. “

Liliya always cries when she talks about her husband, but her tears dissipate whenever she thinks about the future that she has worked so hard to provide for her children.

Her eldest son, Saber, 22, studies criminal justice at Radford University; her daughter, Daliya, 18, is president of the Student Government Association at Handley High School; and her youngest son, Amir, 8, is a student at Virginia Avenue Charlotte DeHart Elementary School.

And one more thing: Daliya just received a full four-year scholarship to Yale University in Connecticut.

“It’s amazing,” Liliya said. “You can’t believe how happy I am.”


Source link

]]>
Connecticut Parents Support New Child Care Procedures https://ctcontra.com/connecticut-parents-support-new-child-care-procedures/ Wed, 22 Dec 2021 05:02:53 +0000 https://ctcontra.com/connecticut-parents-support-new-child-care-procedures/ At the height of COVID-related disruption in 2020, Chief Administrative Justice Michael A. Albis reformed Connecticut’s family court system with his daring Triage and tracking initiative. The key provisions of the new approach, the early intervention of Family Relations and the new legal procedures taking effect on October 1, 2021 (in accordance with public law […]]]>

At the height of COVID-related disruption in 2020, Chief Administrative Justice Michael A. Albis reformed Connecticut’s family court system with his daring Triage and tracking initiative. The key provisions of the new approach, the early intervention of Family Relations and the new legal procedures taking effect on October 1, 2021 (in accordance with public law 21-104) allow two able-bodied parents who meet certain conditions to take charge of their project. parenting without hiring a lawyer, without motions or pleading before a judge.

Mediation through family relations or through a mediator chosen by the parents is now encouraged by Sorting and routing. Judge Albis’ own words Explain:

This approach favors cooperative child-centered solutions rather than adversarial litigation, often discouraging separated parents from focusing on their children’s education. Sorting and route The procedures encourage parents to learn about co-parenting and parallel parenting of their children in divided households. Parents can use the money they might pay lawyers and court-ordered professionals – typically $ 15,000 and often many, many more – to benefit their children.

The National Parents ‘Organization (sharedparenting.org), in conjunction with the Sharedparenting Council of Connecticut (sharedparentinginc.org), commissioned a survey of Connecticut citizens’ perspectives on parenting children from separated households. The survey, which was conducted by well-respected independent survey firm Researchscape International in late summer 2021, found a startling consensus: strong support for Sorting and route and for the sharing of parental responsibilities as the norm when parents live apart.

When asked whether children are best served by procedures that allow them to develop a “parenting plan without hiring lawyers, filing petitions or arguing before a judge,” 80% of men and women said. answered “yes”. Should a child spend a lot of time with each able and consenting parent? Over 95% say this arrangement is extremely or very beneficial!

More than 85% of men and women support a change in Connecticut law to create “a rebuttable presumption that shared parenting is in the best interests of a child after parental separation.” And 94% of them say they would be more likely to vote for a candidate who “supports children who spend a lot of time, up to an equal number, with each parent after the parents separate or divorce.” Eighty-three percent believe that granting sole custody to a single parent increases conflict. here is a link the full results of the investigation.

What convinces Connecticut parents to support shared parenting? Well, we now have over 40 years of scientific research showing that in the vast majority of cases children are well served by a substantial sharing of parenting responsibilities by both parents provided both are able parents. On all well-being indicators, children who enjoy shared parenting do about as well as children whose parents live together. And they do much better than children raised by one parent with minimal involvement from the other parent. These conclusions are not supported by just a handful of studies, but by over 60 independent studies reviewed by Dr Linda Nielsen (Wake Forest University). (See here for Important recent research.)

The Connecticut legislature can, and should, take action to help make shared parenting the norm. Creating a legal presumption that a substantial sharing of parenting responsibilities is in the best interests of the children would help break the outdated custodial / non-custodial parent model into which too many parents fall by default. And that would reassure parents that divorce / separation doesn’t necessarily have to diminish their relationship with their children, thereby reducing the level of anxiety and trauma some parents face when faced with the prospect of being. left out of the lives of their children.

This is what the voters of Connecticut overwhelmingly want. This is what the kids of Connecticut deserve more.

John M. Clapp, PhD and Eric L. Gladstein, DMD, are respectively President and Vice-President of the Shared Parenting Council of Connecticut, Inc. The SPC Board of Directors unanimously voted to publish this commentary.


CTViewpoints welcomes rebuttals or opposing views to this and all of its comments. Read our guidelines and submit your comments here.


Source link

]]>
Hartford Hilton workers protest against condominium proposal | Connecticut News https://ctcontra.com/hartford-hilton-workers-protest-against-condominium-proposal-connecticut-news/ Tue, 21 Dec 2021 03:00:00 +0000 https://ctcontra.com/hartford-hilton-workers-protest-against-condominium-proposal-connecticut-news/ HARTFORD, CT (WFSB) – Dozens of Hartford Hilton hotel employees march ahead of a city meeting this evening. They say nearly half of them will lose their jobs, over a proposal to turn half of the Trumbull Street property into apartments. The Hilton hotel has been struggling since before the pandemic. A Hartford executive says […]]]>

HARTFORD, CT (WFSB) – Dozens of Hartford Hilton hotel employees march ahead of a city meeting this evening.

They say nearly half of them will lose their jobs, over a proposal to turn half of the Trumbull Street property into apartments.

The Hilton hotel has been struggling since before the pandemic.

A Hartford executive says it’s the only way to keep it open, but workers disagree.

The state and city of Hartford are expected to approve the proposal, which would ultimately cost $ 11 million through taxpayer dollars.

“How can you use our tax dollars to pretend that you make this place better and that half, maybe three quarters of us will lose our jobs,” said Sandra Walton, Hilton employee.

Sandra has worked at the hotel for almost fifteen years.

Dozens of Hartford Hilton hotel employees march ahead of a city meeting this evening.



She paraded downtown with other workers on Monday evening, who say their livelihoods are in danger.

“What are we going to do without work? We don’t want to be on the streets,” Walton noted.

City of Hartford Chief Operating Officer Thea Montanez said in a statement in part:

“We all wish the world hadn’t changed, that the Hilton could survive as it is, that we could save every job and every hotel room. But the reality is, without this deal, the hotel will shut down completely, every job will be lost, and the city will be stuck with an obsolete and expensive building that will likely sit vacant for years to come. Losing all the jobs when we could save a few, losing all the hotel rooms when we could save half of them, and leaving a building vacant and deteriorating when we could keep it open and operational, would not be. just not the right thing for the city to do. “

“We’re not having a happy holiday because we’re worried about our jobs,” Walton added.

The proposal is still in its early stages. Over 100 rooms would be converted.

Dozens of Hilton hotel employees marched and spoke to members of Hartford City Council on Monday.

“We are concerned that in January or February we will not have a job,” said Sandra Walton, a Hilton employee.

The city and the state plan to create more than 100 apartments, while keeping the rest of the building as a hotel.

Supporters of the proposal say it would be a much needed change.

“If it stays as it is, it’s a bane to the city. It will eventually close. The owners have tried everything over the years to make it run economically and it hasn’t worked. Shelbourne Global senior strategist said. David Schick Solutions.

Hilton employees say their jobs are in jeopardy.

“Losing these jobs will be a financial hardship for us. We have families to support, mortgages, health care to pay,” said Sally Allard, a Hilton employee.

Another employee says he feels he is not being heard.

“We are not going to be able to find another job. These are well paying, unionized jobs to which we have devoted our lives and it is not fair that we are not considered in this file,” said Kimberly Davis Employed at Hilton.

Several approvals must take place before these changes are made.

The government bonds commission must approve the taxpayer’s $ 11 million. The city council is also expected to approve the proposal.


Source link

]]>