Boston, MA -- (SBWIRE) -- 09/11/2013 -- 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: (PennyMac Mortgage Investment Trust(NYSE:PMT), Trius Therapeutics, Inc.(NASDAQ:TSRX), Sonus Networks, Inc.(NASDAQ:SONS), Apollo Investment Corp. (NASDAQ:AINV)
PennyMac Mortgage Investment Trust(NYSE:PMT) shares declined 1.29% to $20.69. The company on August 14 announced the pricing of an underwritten public offering of 11,300,000 common shares of beneficial interest. The underwriters have a 30-day option from the date of the offering to purchase up to an additional 1,695,000 shares from the Company. The underwriters have offered the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale. Settlement of the offering is subject to customary closing conditions and is expected to occur on August 19, 2013.
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Trius Therapeutics, Inc.(NASDAQ:TSRX) shares decreased 0.22% to $13.68. The company on Sept. 6 announced that results of clinical studies of its lead antibiotic candidate, tedizolid phosphate, will be presented this week at the 53rdInterscience Conference on Antimicrobial Agents and Chemotherapy (ICAAC) meeting in Denver. Seven poster and slide sessions regarding tedizolid have been accepted for presentation. Trius researchers will also present a poster on cfr resistance and two poster sessions on the company's GyrB/ParE antibacterial program, which targets Gram-negative pathogens.
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Sonus Networks, Inc.(NASDAQ:SONS) shares declined 2.69% and closed at $3.62. The company on Sept. 4 announced the appointment of Pamela Reeve to its board of directors, expanding its base of directors to nine. Reeve's extensive executive, board and community leadership experience is expected to help accelerate the company's ambition to lead the global session border controller (SBC) growth category.
Additionally, the company on August 26 announced that as part of the Company's previously announced stock buyback program, it has agreed to repurchase approximately 3.1 million shares of the Company's common stock in a privately negotiated transaction with Empire Capital Management L.L.C. at $3.50 per share, the market closing price on August 23, 2013, for a total purchase price of approx. $11 million. The Company will pay for the share repurchase using cash on hand.
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Apollo Investment Corp. (NASDAQ:AINV) shares increased 1.69% to $8.42. AINV announced a quarterly dividend on August 9. Shareholders of record on Friday, September 20th will be paid a dividend of $0.20 per share on Friday, October 4th. This represents a $0.80 annualized dividend and a dividend yield of 9.91%. The ex-dividend date is Wednesday, September 18th.
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