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: (Cirrus Logic, Inc.(NASDAQ:CRUS), Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR), DiamondRock Hospitality Company (NYSE:DRH), Murphy USA Inc (NYSE:MUSA)
Cirrus Logic, Inc.(NASDAQ:CRUS) shares gained 1.07% to $23.42. The company on July 25 reported first-quarter profit of $20.64 million or $0.31 per share, up from $6.93 million or $0.10 per share in the same period last year. Revenues totaled $155.13 million, up from $99.01 million last year. Analysts expected revenues of $160.12 million.
Looking forward, the company has forecast second quarter revenues in the range of $170 million to $190 million. Analysts currently expect second-quarter revenues of $189.99 million.
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Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR) shares gained 0.17% to $5.85. The company on Sept 6 announced that it has entered into a settlement agreement with Wockhardt USA, LLC and Wockhardt Ltd. (collectively, "Wockhardt") to resolve pending patent litigation in response to Wockhardt's abbreviated new drug application (ANDA) seeking approval to market generic versions of Avanir's NUEDEXTA® (dextromethorphan hydrobromide/quinidine sulfate) capsules. The settlement agreement grants Wockhardt the right to begin selling a generic version of NUEDEXTA on July 30, 2026, or earlier under certain circumstances.
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DiamondRock Hospitality Company (NYSE:DRH) shares climbed 2.80% to $9.91. The company on Sept. 9 announced that its Board of Directors declared a quarterly dividend of $0.085 per share to stockholders of record as of September 30, 2013. The dividend will be paid on October 10, 2013.
Additionally, the company will host institutional investors and security analysts at its 2013 Investor Day on Tuesday, September 10, 2013. A webcast and conference call for investors and other interested parties is scheduled for 3:00 p.m. Eastern Time (ET) the same day. Management will discuss the Company's industry outlook and its future growth drivers.
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Murphy USA Inc (NYSE:MUSA) shares jumped 0.63% and closed at $39.85 in the last trading session. The company on Sept. 4 announced the allocation of tax basis resulting from the tax-free spin-off Murphy USA Inc. Based on the relative fair market values of the respective companies on September 3, 2013, the first day of trading after distribution, 13.89% of a stockholder's tax basis in Murphy Oil Corporation Common Stock should be allocated to the shares of Common Stock in Murphy USA Inc. received pursuant to the distribution described in the Information Statement of Murphy USA Inc. dated August 21, 2013.
Additionally, the company on August 30 announced that it has completed the spin-off of its U.S. retail marketing business into an independent public company called Murphy USA Inc. The spin-off was achieved through the distribution to Murphy Oil's shareholders of one share of Murphy USA common stock for every four shares of Murphy Oil stock held at the close of business on the record date of August 21, 2013.
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