By Jan Norman
The index of the smallest public companies just got a lot smaller, according to an Ernst & Young analysis of the Russell 2000 Index.
The Russell 2000 Index includes approximately 2,000 of the smallest U.S. securities based on a combination of their market capitalization and current index membership. It is compiled by Russell Investments, a global group of money managers.
Russell just added 326 new companies – including 11 in Orange County – to the index, the most additions in five years, Ernst & Young says. The 2009 Orange County additions to the Russell 2000 and their May, 29, 2009 market cap are:
• Acacia Research Corp., Newport Beach, $176.8 million
• Avanir Pharmaceuticals, Aliso Viejo, $99.4 million
• California First National Bancorp, Irvine, $126.7 million
• Clarient Inc., Aliso Viejo, $212.4 million
• DDI Corp., Anaheim, $79.2 million
• Diedrich Coffee Inc., Irvine, $92.7 million
• Endologix Inc., Irvine, $97 million
• ISTA Pharmaceuticals Inc., Irvine, $83.7 million
• Primoris Services Corp., Lake Forest, $172.1 million
• Spectrum Pharmaceuticals Inc., Irvine, $180.1 million
• SRS Labs Inc., Santa Ana, $89.5 million