Micro-cap Decliners: Dipexium Pharmaceuticals Inc (NASDAQ:DPRX), Ideal Power Inc (NASDAQ:IPWR), Tiptree Financial Inc (NASDAQ:TIPT), Envivio Inc (NASDAQ:ENVI), ConnectOne Bancorp Inc (NASDAQ:CNOB)

Posted by on Jul 02, 2014

On June 23, 2014, Dipexium Pharmaceuticals Inc (NASDAQ:DPRX), announced it was included in the preliminary list of additions to the Russell Microcap(R) Index according to information posted by Russell Investments on June 13, 2014. The final 2014 reconstitution of the Russell Indexes will take place after the market closes on June 27, 2014 and final membership lists will be posted on June 30, 2014, with trading in the reconstituted indexes commencing that same day. Dipexium Pharmaceuticals Inc (NASDAQ:DPRX), weekly performance is -4.53%. On last trading day company shares ended up $9.06. Analysts mean target price for the company is $24.38. Dipexium Pharmaceuticals Inc (NASDAQ:DPRX), distance from 50-day simple moving average (SMA50) is -6.68%.

Ideal Power Inc (NASDAQ:IPWR), CTO Bill Alexander unloaded 16,000 shares of the company’s stock on the open market in a transaction dated Thursday, June 12th. The shares were sold at an average price of $5.60, for a total transaction of $89,600.00. Following the completion of the transaction, the chief technology officer now directly owns 454,996 shares of the company’s stock, valued at approximately $2,547,978. Ideal Power Inc (NASDAQ:IPWR), fell 7.48% in last trading session and ended the day on $8.54. IPWR, Gross Margin is -22.20% and its return on assets is -105.10%. Ideal Power Inc (NASDAQ:IPWR), quarterly performance is 5.82%.

On May 14, 2014, Tiptree Financial Inc (NASDAQ:TIPT), announced its financial results for the first quarter ended March 31, 2014. “First quarter results were tempered by both unrealized losses in the form of lower mark-to-market values for our securities portfolio and investments in future profitability in the form of higher non-recurring expenses at certain subsidiaries,” said Geoffrey Kauffman, President and Chief Executive Officer of Tiptree. “However, we are pleased with Tiptree’s approximately 2% increase in Economic Book Value per share for the quarter, which was generally in line with the performance of broad market indices. As always, we intend to maintain our disciplined investment approach and our focus on long-term shareholder value.” Tiptree Financial Inc (NASDAQ:TIPT), shares moved down 5.17% in last trading session and was closed at $8.25, while trading in range of $8.10 – 8.64. Tiptree Financial Inc (NASDAQ:TIPT), year to date (YTD) performance is 12.40%.

On June 25, 2014, Envivio Inc (NASDAQ:ENVI), a leading provider of software-based video processing and delivery solutions, announced it has appointed seasoned communications expert Judith Coley as vice president, corporate and investor communications. Envivio Inc (NASDAQ:ENVI), ended the last trading day at $2.27. Company weekly volatility is calculated as 5.52% and price to cash ratio as 1.40. Envivio Inc (NASDAQ:ENVI), showed a positive weekly performance of 1.79%.

ConnectOne Bancorp Inc (NASDAQ:CNOB)‘s stock had its “outperform” rating reiterated by Keefe, Bruyette & Woods in a research note issued on Tuesday. ConnectOne Bancorp Inc (NASDAQ:CNOB), net profit margin is 21.20% and weekly performance is -59.80%. On last trading day company shares ended up $20.03. Analysts mean target price for the company is $60.00. ConnectOne Bancorp Inc (NASDAQ:CNOB), distance from 50-day simple moving average (SMA50) is -58.59%.

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