Boston, MA -- (SBWIRE) -- 09/06/2013 -- 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: (Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR), RadioShack Corporation (NYSE:RSH), New Residential Investment Corp (NYSE:NRZ), Anworth Mortgage Asset Corporation (NYSE:ANH)
Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR) shares gained 1.77% to $5.76. The company on Sept 3 announced that it has entered into a settlement agreement with Actavis South Atlantic LLC and Actavis, Inc. (collectively, "Actavis") to resolve pending patent litigation in response to Actavis' abbreviated new drug application (ANDA) seeking approval to market generic versions of Avanir's NUEDEXTA® (dextromethorphan hydrobromide/quinidine sulfate) capsules. The settlement agreement grants Actavis the right to begin selling a generic version of NUEDEXTA on July 30, 2026, or earlier under certain circumstances.
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RadioShack Corporation (NYSE:RSH) shares gained 3.56% to $3.49. The company on August 8 said it opened two new concepts stores in the New York area for a total of three. The company also revealed details of the development of a "low touch" format coming to select neighborhoods nationwide in the coming months. As part of RadioShack's emphasis on reinvigorating stores and repositioning its brand, the company is opening a select number of high-touch stores filled with interactive features and playful experiences in high-traffic, high-profile locations.
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New Residential Investment Corp (NYSE:NRZ) stock fell 0.16% to $6.41. The company on August 7 reported information for the quarter ended June 30, 2013. Income available for common stockholders ("GAAP Income") of $52.3 million, or $0.20 per diluted share, an increase of 43% and 33%, respectively, compared to Q1 2013. Core earnings of $43.0 million, an increase from $37.4 million in Q1 2013, and core earnings per diluted share of $0.16, in-line with Q1 2013.
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Anworth Mortgage Asset Corporation (NYSE:ANH) shares dropped 1.99% to $4.43. ANH’s stock was downgraded by TheStreet from a “hold” rating to a “sell” rating in a research note issued on August 26.
Additionally, the company on July 29 reported core earnings available to common stockholders of $21.6 million, or $0.15 per diluted share, for the second quarter ended June 30, 2013. Core earnings consisted of $23 million of net income less $1.4 million of dividends paid to our preferred stockholders. This compares to core earnings of $22.2 million, or $0.15 per diluted share, for the first quarter ended March 31, 2013.
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