Boston, MA -- (SBWIRE) -- 09/16/2013 -- 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: (Immunomedics, Inc. (NASDAQ:IMMU), Solazyme Inc (NASDAQ:SZYM), Navios Maritime Partners L.P.(NYSE:NMM), Navios Maritime Acquisition Corp (NYSE:NNA)
Immunomedics, Inc. (NASDAQ:IMMU) shares dropped 3.04% to $6.06. The company on Sept. 3 announced the appointment of Peter P. Pfreundschuh as Vice President, Finance and CFO. Mr. Pfreundschuh replaces Gerard G. Gorman, who is retiring from the Company following a transition period.
Additionally, Research Firm R. F. Lafferty initiated coverage on IMMU stock on Sept. 10, 2013 to Buy.
How Should Investors Trade IMMU After The Recent Volatility? Get Free Report Here
Solazyme Inc (NASDAQ:SZYM) stock dropped 3.02% to $10.58. The company announced its participation in the 4th Annual Credit Suisse Small & Mid Cap Conference on Tuesday, September 17, 2013 at 12:50 p.m. PT (3:50 p.m. ET) in The Waldorf Astoria in New York, NY.
Additionally, the company on Sept. 5 announced the election of James R. Craigie to the company's Board of Directors. Since 2007, Mr. Craigie has held the position of Chairman and CEO of Church & Dwight Co., Inc., and has been CEO since 2004. Church & Dwight Co. is a leading developer, manufacturer and marketer of consumer and specialty products, including well-known brands such as Arm & Hammer, OxiClean and Orajel.
How Should Investors Trade SZYM After The Recent Volatility? Get Free Report Here
Navios Maritime Partners L.P.(NYSE:NMM) shares declined 3.02% to $14.43. The company on Sept. 3 announced that it has chartered out the Navios Joy, a newbuilding Capesize vessel for three years. The Navios Joy has been chartered out to an investment grade counterparty for three years at a rate of $19,000 net per day ($20,000 gross). The charterer has been granted an option to extend the charter for two optional years, the first at $22,325 (net) per day and the second at $25,650 (net) per day.
Is NMM A Good Buy After The Recent Price Movement? Find Out Here
Navios Maritime Acquisition Corp (NYSE:NNA) shares declined 3.02% and closed at $3.85. The company will begin trading ex-dividend on September 16, 2013. A cash dividend payment of $0.05 per share is scheduled to be paid on October 03, 2013. Shareholders who purchased NNA stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the company on Sept. 11 announced the placement of a total of 25,974,026 shares of its common stock, at a price of $3.85 per share, representing gross proceeds of approximately $100.0 million. The placement included a registered direct offering of 12,987,013 shares of common stock which will raise approximately $50.0 million of gross proceeds and a placement of 12,987,013 common shares to Navios Maritime Holdings Inc. which will raise approximately $50.0 million of gross proceeds. Both placements are expected to close on September 16, 2013.
Is NNA Strong Buy? Get Advantage Of Our Free Trend Analysis Here
Here at Winston 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. We focus on companies that we feel are trading at a discount to the market for various reasons. Enter your email and track our performance! We are sure you won’t sure you won’t be disappointed.
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