Boston, MA -- (SBWIRE) -- 09/10/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (Amkor Technology, Inc. (NASDAQ:AMKR), Northstar Realty Finance Corp. (NYSE:NRF), Goodrich Petroleum Corporation (NYSE:GDP), GT Advanced Technologies Inc(NASDAQ:GTAT)
Amkor Technology, Inc. (NASDAQ:AMKR) shares gained 1.79% to $4.28. The company on July 29 announced financial results for the second quarter ended June 30, 2013, with net sales of $746 million, net income of $30 million, and earnings per diluted share of $0.14. Cash and cash equivalents were $636 million, and total debt was $1.7 billion, at June 30, 2013.
Looking forward, the company expects third quarter 2013 net sales of $715 million to $765 million, down 4% to up 3% from the prior quarter and net income of $8 million to $30 million, or $0.04 to $0.13 per diluted share.
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Northstar Realty Finance Corp. (NYSE:NRF) shares gained 1.94% to $8.93. The company, on August 16, announced that NorthStar Real Estate Income Trust, Inc., its first sponsored non-traded REIT, successfully priced a $531.5 million non-recourse, floating-rate CMBS transaction at a weighted average coupon of LIBOR + 2.68%. The CMBS transaction will initially be collateralized by $425.2 million of commercial real estate loans with the flexibility to contribute up to $106.3 million of additional commercial real estate loans within six months of closing.
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Goodrich Petroleum Corporation (NYSE:GDP) shares increased 4.05% to $25.94. The company on August 27 announced it has closed on the previously announced acquisition of a 66.7% working interest in 277,000 gross acres and 750 barrels of oil per day effective March 1, 2013. The closing price after purchase price adjustments was $23.7 million, which was funded with available cash. At closing the Company's borrowing base increased to $243 million, with nothing currently drawn. The Company intends to spud its initial well on the acquired acreage in October 2013.
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GT Advanced Technologies Inc(NASDAQ:GTAT) shares increased 1.91% to $6.93. Research analysts at Gilford Securities boosted their target price on shares of GTAT from $6.40 to $10.00 in a report released on August 22. The firm currently has a “buy” rating on the stock.
Additionally, the company on August 5 reported results for the second quarter of fiscal year 2013, which ended June 29, 2013. Revenue for the second quarter came in at $168.3 million. Non-GAAP net income was $18.1 million in the second quarter, compared to a non-GAAP net loss of $8.9 million in the first quarter and non-GAAP net income of $19.3 million for the second quarter of calendar 2012.
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