Last $2.45 USD
Change Today -0.01 / -0.41%
Volume 43.7K
FMD On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

first marblehead corp/the (FMD) Snapshot

Open
$2.50
Previous Close
$2.46
Day High
$2.53
Day Low
$2.40
52 Week High
10/29/13 - $10.30
52 Week Low
10/8/14 - $2.29
Market Cap
28.2M
Average Volume 10 Days
39.7K
EPS TTM
$-3.24
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.

281 Employees
Last Reported Date: 09/10/14
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 Fourth Quarter and Full Fiscal Year Ended June 30, 2014

The First Marblehead Corporation announced unaudited consolidated financial results for the fourth quarter and full fiscal year ended June 30, 2014. For the quarter, the company reported total revenues of $7,538,000 compared with $6,702,000 for the same period a year ago. Loss from continuing operations, before income taxes was $12,261,000 compared with $14,337,000 for the same period a year ago. Net loss from continuing operations was $12,519,000 or $1.11 per basic and diluted share compared with $15,555,000 or $1.39 per basic and diluted share for the same period a year ago. Net loss was $13,252,000 or $1.17 per basic and diluted share compared with $15,193,000 or $1.36 per basic and diluted share for the same period a year ago. Non-GAAP net cash used in operating activities was $8,046,000 compared with $10,124,000 for the same period a year ago. For the full year, the company reported total revenues of $44,156,000 compared with $39,974,000 for the same period a year ago. Loss from continuing operations, before income taxes was $38,940,000 compared with $48,832,000 for the same period a year ago. Net loss from continuing operations was $40,065,000 or $3.55 per basic and diluted share compared with $51,127,000 or $4.77 per basic and diluted share for the same period a year ago. Net loss was $37,567,000 or $3.33 per basic and diluted share compared with $50,197,000 or $4.68 per basic and diluted share for the same period a year ago. Non-GAAP net cash used in operating activities was $28,396,000 compared with $42,485,000 for the same period a year ago. The increase in revenues included a $2.2 million increase in fee income from Cology LLC, which completed its acquisition of a substantial portion of the operating assets of Cology Inc. and its affiliates in October 2012, an increase of $1.6 million in Monogram-based fee revenues, an increase of $1.5 million in revenues from Tuition Management Systems LLC and an increase of $1.2 million in fee income for portfolio management services. These increases were partially offset by $2.0 million in lower revenues from special servicing activities that were transferred to a third party in November 2012. These revenue increases, coupled with a $7.4 million reduction in expenses as loan acquisition costs fell $3.3 million and special servicing costs declined $1.6 million, contributed to a $14.1 million, or 33% decline, in net operating cash usage, a non-GAAP financial measure, for the fiscal year ended June 30, 2014.

The First Marblehead Corporation to Report Q4, 2014 Results on Sep 10, 2014

The First Marblehead Corporation announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Sep 10, 2014

The First Marblehead Corporation, Q4 2014 Earnings Call, Sep 10, 2014

The First Marblehead Corporation, Q4 2014 Earnings Call, Sep 10, 2014

 

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Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 0.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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