Boston, MA -- (SBWIRE) -- 08/26/2013 -- 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: (Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP), First Bancorp (NYSE:FBP), Nexstar Broadcasting Group, Inc. (NASDAQ:NXST), Insmed Incorporated (NASDAQ:INSM)
Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) shares climbed 0.38% to $33.99. The company on August 6 reported financial results for the second quarter ended June 30, 2013. Total Revenue decreased 2.0% to $245.2 million compared to Total Retail Adjusted Revenue in the second quarter 2012, or a decrease of 3.2% compared to unadjusted Total Revenue in the second quarter 2012. Net income was $16.4 million compared to net income of $9.0 million in second quarter 2012.
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First Bancorp (NYSE:FBP) shares gained 0.44% to $6.78. First BanCorp., the bank holding company for FirstBank Puerto Rico, on August 13 announced the pricing of the previously announced public underwritten offering by various stockholders of an aggregate of 28 million shares of the Corporation's common stock, $0.10 par value per share, that they currently own, at a price to the public of $6.75 per share. The United States Department of the Treasury is selling 12 million shares of Common Stock; funds affiliated with Thomas H. Lee Partners, L.P. ("THL") are selling 8 million shares of Common Stock; and funds managed by Oaktree Capital Management, L.P. are selling 8 million shares of Common Stock.
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Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) shares gained 6.52% and closed at $36.11 in the last trading session. Evercore Partners upgraded shares of Nexstar Broadcasting from an equal weight rating to an overweight rating in a report released on August 19. Evercore Partners currently has $37.00 price objective on the stock.
Additionally, the company also recently declared a quarterly dividend, which is scheduled for Friday, August 30th. Stockholders of record on Friday, August 16th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, August 14th.
Is NXST A Good Buy After The Recent Price Movement? Find Out Here
Insmed Incorporated (NASDAQ:INSM) shares climbed 8.56% to $13.57. The company on August 6 reported financial results for the three and six months ended June 30, 2013. For the second quarter of 2013, Insmed reported a net loss of $8.9 million, or $0.28 per share, compared with a net loss of $9.7 million, or $0.39 per share, for the second quarter of 2012. As of June 30, 2013, Insmed had cash, cash equivalents and a certificate of deposit totaling $76.8 million, compared with $92.9 million as of December 31, 2012.
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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 be disappointed.
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