Boston, MA -- (SBWIRE) -- 08/30/2013 -- 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: (XOMA Corp(NASDAQ:XOMA), Spirit Realty Capital Inc (NYSE:SRC), Medical Properties Trust, Inc. (NYSE:MPW), Methode Electronics Inc. (NYSE:MEI)
XOMA Corp(NASDAQ:XOMA) shares dropped 0.21% to $4.76. The company on August 20 announced the pricing of 7,596,685 shares of its common stock at a price to the public of $3.62 per share. In addition, XOMA anticipates its aggregate net proceeds from the offering will be approximately $25.5 million after deducting the underwriting discount and estimated offering expenses payable by XOMA. The offering is expected to close on or about August 23, 2013, subject to customary closing conditions.
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Spirit Realty Capital Inc (NYSE:SRC) shares fell 0.34% and closed at $8.68. The company on August 8 said second-quarter funds from operations, or FFO, was $21.4 million or $0.25 per share from $19.4 million or $0.49 per share in the same period last year. Adjusted FFO for the quarter was $37.9 million or $0.45 per share. Analysts expected the company to earn $0.19 per share for the quarter. Second-quarter loss widened to $11.7 million or $0.14 per share from $8.8 million or $0.34 per share last year. Revenues totaled $72.8 million, up 7.2 percent from $68.0 million. Analysts expected revenues of $73.22 million.
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Medical Properties Trust, Inc. (NYSE:MPW) shares dropped 1.17% to $11.86. The company on August 15 announced that it has priced its underwritten public offering of 10,000,000 shares of common stock at a public offering price of $12.75 per share. The Company estimates that the net proceeds from the offering, after deducting discounts and commissions and estimated offering expenses, will be approximately $122.0 million or approximately $140.4 million if the underwriters' option to purchase additional shares is exercised in full.
Additionally, the company on August 15 announced that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share of common stock to be paid on October 10, 2013, to stockholders of record on September 12, 2013.
Is MPW A Good Buy After The Recent Price Movement? Find Out Here
Methode Electronics Inc. (NYSE:MEI) shares climbed 32.50% to $23.36. The company on August 29 announced financial results for the Fiscal 2014 first quarter ended July 27, 2013. Methode's first-quarter Fiscal 2014 net sales grew $48.6 million, or 40.9 percent, to $167.3 million from $118.7 million in the same quarter of Fiscal 2013. Net income increased $9.9 million to $13.8 million, or $0.36 per share, in the first quarter of Fiscal 2014 from $3.9 million, or $0.10 per share, in the same period of Fiscal 2013.
Is MEI A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
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