Stock in Norfolk, NE-based real estate investment trust Supertel Hospitality Inc (NASDAQ:SPPR) went bananas Thursday morning, with 1/6 of all outstanding shares traded as the company blew up 63.25%, from $2.15 to $3.55. 549,000 shares were traded on the early part of the day, a high number for a company with only 2.9 million outstanding. There was no news accompanying the jump and no obvious sign of movement at the company, but the jump came early in the day and held through most of the morning, dropping only slightly from a high of $4.24. Supertel Hospitality Inc (NASDAQ:SPPR) stock opened at $2.45 in last trading session, and closed at $3.24, trading in the range of $2.43 – $4.25. The stock showed a positive weekly performance of 116.00%.
JMP Securities upgraded HCI Group Inc (NYSE:HCI) following recent management meetings that highlighted long term growth opportunities. The firm believes the market is underestimating HCI’s new flood insurance product and believes it is a significant first mover advantage. Price target is $48. HCI Group Inc (NYSE:HCI) shares closed at $47.25 on last trade day, by gaining 14.21%. Stock 52 week range is $19.81 – $53.61. Company’s market capitalization is $543.12 billion.
United Insurance Holdings Corp.(NDA) (NASDAQ:UIHC), a property and casualty insurance holding company, reported its financial results for the fourth quarter and year ended December 31, 2013. United Insurance Holdings Corp.(NDA) (NASDAQ:UIHC) stock advanced 9.86% and finished the last session at $14.59. The EPS of the stock remained 0.89. Company’s market capitalization is $236.49 billion.
IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) operations include the mortgage and real estate fee-based business activities conducted by its subsidiaries: Integrated Real Estate Service Corporation (IRES), IMH Assets Corp. (IMH Assets) and Impac Funding Corporation (IFC). The Company’s operations include the mortgage and real estate fee-based business activities conducted by IRES and the long-term mortgage portfolio (residual interests in securitizations reflected as net trust assets and liabilities in the consolidated balance sheets. IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) stock opened at $6.80 in last trading session and closed at $7.12. The 52 week range of the stock is $4.66 – $15.39 and the day range was $6.80 – $7.18.