Allied Capital Advisers Inc. reports third quarter earnings of 5 cents per share.WASHINGTON--(BUSINESS WIRE)--Nov. 14, 1994-- Allied Capital Advisers Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALLA) reported third quarter earnings Monday. For the three months ended Sept. 30, 1994, net income totalled $461,000, or 5 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , a 366% increase from net income of $99,000, or 1 cent per share, for the third quarter of 1993. Net income for the nine months ended Sept. 30, 1994 increased by $819,000 to $931,000, or 10 cents per share, from the $112,000, or 1 cent per share, reported for the comparable period in the prior year. At the end of the third quarter of 1994, Allied Capital Advisers Inc. had approximately $549 million in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , with $450 million or 82% of this placed in long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. investments. This represents an increase of $44 million, or 11%, in invested assets during the third quarter. -0-
(dollars in thousands) 3 mos. ended 9 mos ended
Sept. 30 Sept. 30
1994 1993 1994 1993
Revenue $3,318 $2,263 $8,893 $6,058
Expenses 2,672 2,018 7,393 5,791
Net income 461 99 931 112
Net income per share $ 0.05 $ 0.01 $ 0.10 $ 0.01
Average shares
outstanding 9,494,060 9,584,032 9,527,953 9,392,661
-0- Allied Capital Advisers Inc. is a publicly traded investment adviser located in Washington, D.C. The stock is traded on Nasdaq, symbol ALLA. A recent bid was $3.50. Market makers in the stock include Ferris, Baker Watts Watts, residential section of south central Los Angeles. Named after C. H. Watts, a Pasadena realtor, the section became part of Los Angeles in 1926. Artist Simon Rodia's celebrated Watts Towers are there. ; Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Inc.; Van Kasper & Co.; Folger, Nolan, Fleming, and Douglas; and Herzog, Heine & Geduld. There are 8,854,288 shares outstanding. Currently Allied Capital Advisers manages assets totalling approximately $549 million. For further information or a copy of the company's 1993 annual report, please contact Allied's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 202/331-1112, or fax to 202/659-2053. CONTACT: Allied Capital, Washington Suzanne Sparrow, 202/331-1112 |
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