Stamford, CT -- (SBWIRE) -- 09/03/2013 -- High Rising Stocks provides investors with the hot penny stock alerts on a regular basis. We will send you alerts through our Free E Newsletters with High Yielding alerts, market forecasting, stock tips and strategies, and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Today’s stocks to watch are: OmniVision Technologies, Inc. (NASDAQ:OVTI), Northstar Realty Finance Corp. (NYSE:NRF), Standard Pacific Corp. (NYSE:SPF), AK Steel Holding Corporation(NYSE:AKS)
OmniVision Technologies, Inc. (NASDAQ:OVTI) shares decreased 1.42% to $15.23. The company on August 29 reported financial results for the first quarter of fiscal 2014 that ended on July 31, 2013. Revenues for the first quarter of fiscal 2014 were $373.7 million, as compared to $336.2 million in the fourth quarter of fiscal 2013, and $258.1 million in the first quarter of fiscal 2013. GAAP net income in the first quarter of fiscal 2014 was $23.1 million, or $0.42 per diluted share, as compared to net income of $8.9 million, or $0.17 per diluted share in the fourth quarter of fiscal 2013, and $2.3 million, or $0.04 per diluted share in the first quarter of fiscal 2013. Non-GAAP net income in the first quarter of fiscal 2014 was $31.7 million, or $0.55 per diluted share. Non-GAAP net income in the fourth quarter of fiscal 2013 was $17.5 million, or $0.31 per diluted share.
Should Investors Buy OVTI After Yesterday’s Slump? Find Out Here
Northstar Realty Finance Corp. (NYSE:NRF) shares fell 2.97% to $8.50. 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.
How Should Investors Trade NRF After The Recent Volatility? Get Free Report Here
Standard Pacific Corp. (NYSE:SPF) shares increased 0.98% to $7.21. 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.
Is SPF A Good Buy After The Recent Price Movement? Find Out Here
AK Steel Holding Corporation(NYSE:AKS) shares fell 0.30% to $3.35. AK Steel Holding Corporation (NYSE: AKS) announced on August 29 that its subsidiary, AK Steel Corporation ("AK Steel"), has completed its offer to exchange up to $380.0 million in aggregate principal amount of its 8.750% senior secured notes due 2018, not registered under the Securities Act of 1933, as amended, for an equal aggregate principal amount of its registered 8.750% senior secured notes due 2018. The Exchange Offer expired at 5:00 p.m., Eastern Daylight Time, on August 28, 2013. All of the Initial Notes were submitted for exchange, and AK Steel has accepted for exchange all the Initial Notes validly tendered and not withdrawn pursuant to the Exchange Offer.
Should Investors Rush To Buy AKS After The Solid Rally? Get Special Report Here
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