Last $1.70 USD
Change Today +0.0499 / 3.02%
Volume 3.4K
PRSG On Other Exchanges
Symbol
Exchange
OTC US
As of 10:58 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

primus guaranty ltd (PRSG) Snapshot

Open
$1.70
Previous Close
$1.65
Day High
$1.70
Day Low
$1.70
52 Week High
07/16/14 - $1.86
52 Week Low
11/14/13 - $1.09
Market Cap
37.0M
Average Volume 10 Days
8.5K
EPS TTM
$0.48
Shares Outstanding
21.8M
EX-Date
06/27/14
P/E TM
3.5x
Dividend
--
Dividend Yield
544.15%
Current Stock Chart for PRIMUS GUARANTY LTD (PRSG)

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primus guaranty ltd (PRSG) Details

Primus Guaranty, Ltd., through its subsidiaries, provides credit swaps to financial institutions. It offers protection against the risk of default on primarily investment grade corporate reference entities. The company provides credit protection on a single specified reference entity, multiple reference entities, and asset-backed securities for dealers and banks. It also manages credit swap and cash investment portfolios of its affiliates, as well as provides management, consulting, and information technology services. The company was founded in 1998 and is based in Hamilton, Bermuda.

primus guaranty ltd (PRSG) Top Compensated Officers

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primus guaranty ltd (PRSG) Key Developments

Primus Guaranty, Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Primus Guaranty, Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $3,528,000 compared to $18,321,000 a year ago. Income from continuing operations before provision for income taxes was $2,303,000 compared to $16,807,000 a year ago. Net income available to common shares was $2,316,000 or $0.11 basic and diluted per share compared to $16,383,000 or $0.65 basic and diluted per share a year ago. For the six months period, the company reported total revenues of $6,958,000 compared to $41,094,000 a year ago. Income from continuing operations before provision for income taxes was $4,180,000 compared to $36,420,000 a year ago. Net income available to common shares was $4,183,000 or $0.19 basic and diluted per share compared to $35,289,000 or $1.38 basic and diluted per share a year ago. GAAP book value per common share was $1.82 at June 30, 2014, compared with GAAP book value per common share of $8.89 at December 31, 2013. The June 30, 2014 GAAP book value per common share reflects the $7.25 distribution per common share that was paid to shareholders in the second quarter 2014.

Primus Guaranty, Ltd. Declares Common Distribution, Payable on June 26, 2014

Primus Guaranty, Ltd. announced that its Board of Directors has declared a distribution of $7.25 per common share, payable on June 26, 2014 to shareholders of record at the close of business on June 17, 2014. The aggregate distribution will total approximately $158 million based on 21,786,187 common shares outstanding on June 5, 2014.

Primus Guaranty, Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Primus Guaranty, Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company's total revenues were $3,430,000 against $22,773,000 a year ago. Income from continuing operations before provision for income taxes was $1,877,000 against $19,613,000 a year ago. Income from continuing operations, net of tax was $1,854,000 or $0.09 basic and diluted per share against $19,594,000 or $0.72 basic and diluted per share a year ago. Net income was $1,867,000 against $19,678,000 a year ago. Net income available to common shares was $1,867,000 or $0.09 basic and diluted per share against $18,906,000 or $0.72 basic and diluted per share a year ago. Economic results was $2,232,000 or $0.10 diluted per share against $3,024,000 or $0.12 diluted per share a year ago. Economic Results book value per share issued and outstanding was $8.92 against $8.82 a year ago. GAAP book value per share issued and outstanding was $8.97 against $8.89 a year ago.

 

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Valuation PRSG Industry Range
Price/Earnings 1.8x
Price/Sales 1.3x
Price/Book 0.9x
Price/Cash Flow 1.7x
TEV/Sales 0.6x
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