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Ebix Inc (EBIX.OQ)

EBIX.OQ on NASDAQ Stock Exchange Global Select Market

61.70USD
28 Apr 2017
Change (% chg)

$0.05 (+0.08%)
Prev Close
$61.65
Open
$61.90
Day's High
$61.90
Day's Low
$61.15
Volume
42,510
Avg. Vol
53,057
52-wk High
$65.10
52-wk Low
$44.27

Latest Key Developments (Source: Significant Developments)

Ebix says expanding existing credit facility to $400 mln from $240 mln
Monday, 20 Jun 2016 07:27am EDT 

Ebix Inc : Says expansion of its existing credit facility from $240 million to $400 million, to fund its growth and share repurchase initiatives . Now has access to total funds of about $250 million to fund any of its working capital or any other growth and share repurchase initiatives . Says new credit facility also allows for up to $100 million of incremental facilities .Ebix increases credit facility to $400 million with the ability to upsize to $500 million via an accordian option.  Full Article

Ebix offers to buy Patriot National for $9.50 per share
Wednesday, 15 Jun 2016 07:27am EDT 

Ebix Inc : Ebix offers to acquire insurance technology solutions provider, Patriot National Inc, for $9.50 per share . Expects transaction to be immediately accretive to earnings per share for Ebix shareholders . Intends to pay for at least 55% of purchase in cash and balance (45%) in cash or stock, as mutually agreed upon . Has postponed plans for a 3-for-1 stock split and related special shareholders meeting until further notice . Offer contemplates assumption of patriot national's receivables, cash, other assets as well as current and long-term liabilities . Has retained investment banking advisory firm sherman & company of New York to assist Ebix with its offer .Sent a letter to board of patriot national, inc outlining its offer to acquire 100% of outstanding stock of patriot national.  Full Article

Ebix announces 3 for 1 stock split
Monday, 23 May 2016 07:26am EDT 

Ebix Inc : Ebix announces 3 for 1 stock split .Stock split would represent third 3-for-1 stock split.  Full Article

Ebix Declares 7.5 Cent Per Share Quarterly Dividend
Friday, 20 Nov 2015 07:54am EST 

Ebix, Inc:declared a quarterly dividend of 7.5 cents per common share.dividend is payable on December 15, 2015, to shareholders of record, at the close of business as of November 30th, 2015.  Full Article

Ebix Inc increases credit facility to $240 million
Wednesday, 14 Oct 2015 07:30am EDT 

Ebix Inc:Announced expansion of existing credit facility from $190.0 million to $240 million, to fund its growth and share repurchase initiatives.Says increase in total commitments was executed under the accordion feature of the credit facility.Says credit facility originally closed August 5, 2014 and all other terms remain substantially unchanged.Says $50.0 million increase in the bank line was the result of members of the existing bank group expanding its share of the credit facility.  Full Article

Ebix Inc declares quarterly dividend
Friday, 21 Aug 2015 07:30am EDT 

Ebix Inc:Says it has declared a quarterly dividend of 7.5 cents per outstanding share of the Company's common stock.Says the dividend is payable Sept. 15, to shareholders of record at the close of business on Aug. 31.  Full Article

Ebix Inc announces new $100 million share repurchase plan
Wednesday, 19 Aug 2015 07:30am EDT 

Ebix Inc:Announces that its Board of Directors has approved a new $100 million share repurchase plan.Says this new share repurchase plan is in addition to the previously authorized $100 million share repurchase plan which is nearing full utilization.  Full Article

Ebix Inc declares quarterly dividend of 7.5 cents per share
Friday, 15 May 2015 07:30am EDT 

Ebix Inc:Declares quarterly dividend of 7.5 cents per share.Says dividend is payable June 15, 2015, to shareholders of record at the close of business on May 29, 2015.  Full Article

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BRIEF-Ebix Q4 earnings per share $0.76

* Ebix reports record quarterly results with operating cash flow of $30.7 million, revenues of $80.0m and diluted eps of $0.76; full year revenues rose 12% to $298.3m and diluted eps rose 25% to $2.86