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: (Northstar Realty Finance Corp. (NYSE:NRF), Dean Foods Company (NYSE:DF), Spirit Realty Capital Inc (NYSE:SRC), Novavax, Inc. (NASDAQ:NVAX)
Northstar Realty Finance Corp. (NYSE:NRF) shares increased 1.71% to $8.92. The company, on August 16, announced that NorthStar Real Estate Income Trust, Inc., its first sponsored non-traded REIT, successfully priced a $531.5 million non-recourse, floating-rate CMBS transaction at a weighted average coupon of LIBOR + 2.68%. The CMBS transaction will initially be collateralized by $425.2 million of commercial real estate loans with the flexibility to contribute up to $106.3 million of additional commercial real estate loans within six months of closing. A total of $382.7 million of investment grade bonds will be issued, representing an advance rate of approximately 72%. The CMBS transaction is expected to close by the end of August.
How Should Investors Trade NRF After The Recent Volatility? Get Free Report Here
Dean Foods Company (NYSE:DF) shares declined 0.10% to $9.69. The company on August 14 announced a 1-for-2 reverse stock split of issued Dean Foods common stock. Dean Foods anticipates the reverse stock split will be effective after the close of trading on Monday, August 26, 2013, and Dean Foods common stock will begin trading on a split adjusted basis on the New York Stock Exchange (NYSE) at the opening of trading on Tuesday, August 27, 2013.
Additionally, the company on August 8 said its second-quarter net loss was $56.87 million or $0.30 per share, compared to net loss of $56.17 million or $0.30 per share in the year-ago period. Adjusted net income for the quarter was $24.20 million or $0.13 per share. Analysts expected the company to report earnings of $0.14 per share for the quarter. Net sales for the quarter were flat with the year-ago period at $2.23 billion. Analysts had a consensus revenue estimate of $2.25 billion.
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Spirit Realty Capital Inc (NYSE:SRC) shares climbed 3.61% to $8.90. The company on August 8 said second-quarter funds from operations, or FFO, improved to $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 attributable to common stockholders 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.
Is SRC A Good Buy After The Recent Price Movement? Find Out Here
Novavax, Inc. (NASDAQ:NVAX) shares declined 0.69% to $2.88. The company on August 22 announced the number of shares tendered to it during the extended acceptance period for its recommended public offer to acquire all issued and outstanding shares and warrants (warrants series 2005-I and 2005-II) of Isconova AB ("Isconova"), which was first communicated on June 4, 2013, (the "Offer"), and which was extended to August 20, 2013.
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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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