Last $5.33 USD
Change Today +0.48 / 9.90%
Volume 697.5K
FMD On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

first marblehead corp/the (FMD) Snapshot

Open
$5.05
Previous Close
$4.85
Day High
$5.35
Day Low
$4.65
52 Week High
12/30/13 - $7.50
52 Week Low
12/2/14 - $1.21
Market Cap
61.4M
Average Volume 10 Days
369.0K
EPS TTM
$-3.16
Shares Outstanding
11.5M
EX-Date
12/27/07
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FIRST MARBLEHEAD CORP/THE (FMD)

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first marblehead corp/the (FMD) Details

The First Marblehead Corporation, a specialty finance company, together with its subsidiaries, focuses on the education financing marketplace in the United States. The company provides loan programs on behalf of its lender clients for undergraduate and graduate students, as well as for college graduates seeking to refinance private education loan obligations. It also offers outsourced tuition planning, tuition billing, refund management, and payment technology services. In addition, the company designs and administers education loan programs through its Monogram platform that are designed to be marketed through educational institutions or to borrowers and their families directly, as well as to generate portfolios intended to be held by the originating lender or financed in the capital markets. Further, it offers other services, which comprise loan origination, portfolio management, and securitization services; retail banking products, including residential and commercial mortgages, time deposits, and money market demand accounts; analytical and structuring services; and loan processing and disbursement services to approximately 300 credit union and other lender clients. The company was founded in 1991 and is headquartered in Boston, Massachusetts.

282 Employees
Last Reported Date: 11/10/14
Founded in 1991

first marblehead corp/the (FMD) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $1.1M
President, Managing Director, Chief Operating...
Total Annual Compensation: $520.5K
Chief Risk Officer and Managing Director
Total Annual Compensation: $360.5K
Managing Director of Finance
Total Annual Compensation: $182.3K
Managing Director of Business Development and...
Total Annual Compensation: $450.0K
Compensation as of Fiscal Year 2014.

first marblehead corp/the (FMD) Key Developments

The First Marblehead Corporation Announces Unaudited Consolidated Financial Results for the First Quarter Ended September 30, 2014

The First Marblehead Corporation announced unaudited consolidated financial results for the first quarter ended September 30, 2014. For the quarter, the company reported total revenues of $14,117,000 compared with $12,696,000 for the same period a year ago. Loss from continuing operations, before income taxes was $10,285,000 compared with $11,698,000 for the same period a year ago. Net loss from continuing operations was $10,528,000 or $0.92 per basic and diluted share compared with $11,973,000 or $1.07 per basic and diluted share for the same period a year ago. Net loss was $13,441,000 or $1.18 per basic and diluted share compared with $11,554,000 or $1.03 per basic and diluted share for the same period a year ago. Non-GAAP net operating cash usage was $6,046,000 compared with $6,427,000 for the same period a year ago. The increase in revenues included increases of $505,000 in fair value changes to service revenue receivables, $441,000 in Monogram(R)-based fee revenues, $339,000 in tuition management fees and $216,000 in fee income from the company's subsidiary Cology LLC. These revenue increases contributed to a $381,000 or 6% improvement in net operating cash usage. The $3.3 million decline in net income was primarily attributable to a fair value write-down of $2.3 million on Union Federal's private education loan portfolio coupled with a decline in revenues principally driven by decreased interest income resulting from the sales of portfolios of private education loans to RBS Citizens, N.A. in the third and fourth quarters of fiscal 2014.

The First Marblehead Corporation - Shareholder/Analyst Call

annual meeting of stockholders

The First Marblehead Corporation to Report Q1, 2015 Results on Nov 10, 2014

The First Marblehead Corporation announced that they will report Q1, 2015 results at 5:00 PM, US Eastern Standard Time on Nov 10, 2014

 

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Valuation FMD Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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