CEPS’s Quiet Period Will Expire on March 17th (NASDAQ:CEPS)

CEPS’s (NASDAQ:CEPS) quiet period will expire on Tuesday, March 17th. CEPS had issued 10,000,000 shares in its initial public offering on February 5th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During CEPS’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of CEPS to a “hold” rating in a research note on Saturday, February 14th.

CEPS Stock Down 0.3%

CEPS opened at $10.11 on Tuesday. CEPS has a 52-week low of $10.10 and a 52-week high of $10.18.

Insider Activity

In related news, major shareholder Cantor Ep Holdings Vi, Llc purchased 300,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were purchased at an average cost of $10.00 per share, for a total transaction of $3,000,000.00. Following the completion of the acquisition, the insider owned 300,000 shares in the company, valued at approximately $3,000,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.