Small Cap Top Performers in January

Here's a quick look at some of the top performing dividend stocks, year to date, that have a market cap of $1 billion or less. E-House (China) Holdings EJ shares are trading about 38% higher year to date despite pulling back more than 4% last week. The real estate company announced in December that it would merge with China Real Estate Information Corp. CRIC. The dividend yield is 4.2% and the long-term EPS growth forecast is 30.7%. E-House is based in Shanghai and was founded in 2000. But the stock has narrowly underperformed CRIC over the past six months. KB Home KBH is up almost 53% in the past month. The stock got a boost earlier this month when competitor Lennar LEN announced a positive earnings surprise. Last week CBS CBS CEO said he would leave the KB Home board. This Los Angeles-based homebuilder has a market cap of $867.3 million, a dividend yield of 2.5% and a long-term EPS growth forecast of 10.3%. The stock has outperformed competitors Lennar and Pulte Group PHM year to date. Mahanagar Telephone Nigam MTE is more than 45% higher year to date, including more than 14% just in the past week. The company provides telecommunication services in Delhi and Mumbai, and revenues for the fiscal year are forecast to be 5.6% higher year over year. The company was founded in 1986. It has a market cap of $381.1 million and its dividend yield is 3.5%. But the stock has underperformed the broader markets over the past six months. Noranda Aluminum NOR shares are trading about 33% higher year to date and rose 6% in the past week. Full-year revenues are forecast to be 20.6% higher year over year when the Tennessee-based company reports on February 15. The company has a market cap of $738.2 million, a long-term EPS growth forecast of 16.2% and a dividend yield of 1.1%. Over the past six months, the stock has outperformed larger peers Alcoa AA and Aluminum Corp. of China ACH. Privatebancorp PVTB is about 31% higher than a month ago, but more than 12% below the 52-week high. The company just reported better-than-expected Q4 EPS and a sizable decrease in nonperforming loans over the past year. This regional bank is based in Chicago and has a market cap of $1.0 billion. Its dividend yield is 0.3%. Over the past six months, the stock has outperformed competitors Fifth Third Bancorp FITB and Northern Trust NTRS. SouFun Holdings SFUN is up almost 49% in the past month and more than 10% higher than a year ago. The Chinese company operates an internet portal dedicated to real estate. Earnings are forecast to show a 57% gain for 2011, its sixth straight year of profit improvement. The dividend yield is 9.9% and the market cap is $372.7 million. The long-range EPS growth forecast is 36.7%. Over the past six months, the stock has outperformed competitor Sohu.com SOHU. Tsakos Energy Navigation TNP is more than 37% higher year to date, including more than 6% in the past week. The company has paid consecutive quarterly dividends since 2002. This Greek tanker operator has a $302.7 million market cap and a dividend yield of 9.2%. Revenue for the fiscal year is forecast to decline 2.6%. The stock has outperformed competitors Frontline FRO and Teekay TK, as well as the broader markets, over the past three months. See also: Benzinga's Microcap Movers for Friday January 27, 2012.
ACTION ITEMS: Bullish: Investors interested in exchange traded funds focused on small caps might want to consider the following trades:
  • Rydex S&P Small Cap 600 Pure Value RZV is up about 11% year to date.
  • SPDR S&P 600 Small Cap Value ETF SLYV is up almost 9% year to date.
  • iShares MSCI EAFE Small Cap Index SCZ is up almost 9% year to date.
Bearish: Traders may prefer to consider these alternative positions:
  • ProShares Short Small Cap 600 SBB is trading near the 52-week low.
  • ProShares UltraShort Small Cap 600 SDD is trading near the 52-week low.
  • ProShares UltraPro Short Russell 2000 SRTY is trading near the 52-week low.
Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.
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