Boston, MA -- (SBWIRE) -- 08/29/2013 -- 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: (Hovnanian Enterprises, Inc. (NYSE:HOV), Standard Pacific Corp. (NYSE:SPF), DCT Industrial Trust Inc. (NYSE:DCT), ARMOUR Residential REIT, Inc.(NYSE:ARR)
Hovnanian Enterprises, Inc. (NYSE:HOV) stock declined 1.53% to $5.16. The company will begin trading ex-dividend on August 12, 2013. A cash dividend payment of $0.453125 per share is scheduled to be paid on August 15, 2013. Shareholders who purchased HOV stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the company will release its third quarter results for the period ended July 31, 2013 in the morning of Monday, September 9, 2013. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Monday, September 9, 2013.
How Should Investors Trade HOV After The Recent Volatility? Get Free Report Here
Standard Pacific Corp. (NYSE:SPF) shares declined 2.07% to $7.10. The company on August 1 announced the pricing of its previously announced public offering of senior notes and the increase in the amount of the offering to $300 million aggregate principal amount of notes. Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC acted as joint book-running managers for the notes offering.
How Should Investors Trade SPF After The Recent Volatility? Get Free Report Here
DCT Industrial Trust Inc. (NYSE:DCT) shares declined 1.90% to $6.72. The company on August 9 announced that it priced a public offering of 20,000,000 shares of common stock at a price per share of $7.20. In addition, the Company has granted to the underwriters for the public offering an option for 30 days to purchase up to 3,000,000 additional shares of common stock. BofA Merrill Lynch, J.P. Morgan, Citigroup and Jefferies acted as the joint book-running managers for the offering. Subject to customary closing conditions, the offering is expected to close on or about August 13, 2013.
Is DCT A Good Buy After The Recent Price Movement? Find Out Here
ARMOUR Residential REIT, Inc.(NYSE:ARR) shares closed at $4.14. The company on August 27 announced that the Board of Directors has appointed Ms. Carolyn Downey as a new independent member of the Board of Directors of the Company, effectiveSeptember 3, 2013.
With the appointment of Ms. Downey, the Company expects to regain compliance with Section 303A.01 of the New York Stock Exchange Listed Company Manual and Section 802(a) of the NYSE MKT LLC Company Guide, both which require a majority of independent directors on the Company's Board of Directors.
Is ARR A 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 be disappointed.
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