Clayton Holdings Added to Key Russell Equity Indexes.SHELTON, Conn. -- Clayton Holdings Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CLAY), a leading provider of information-based analytics, consulting and outsourced services for capital markets firms, lending institutions, fixed income investors and loan servicers, said today that it has been added to the Russell 3000(R) Index as of June 30. The Russell 3000(R) Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. , which represents approximately 98% of the investable U.S. equity market. As of the latest reconstitution, the average market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. was approximately $5.1 billion; the median market capitalization was approximately $1.09 billion. The index had a total market capitalization range of approximately $368.5 billion to $218.4 million. As a member of the Russell 3000(R) Index, Clayton is automatically included in the popular Russell 2000 Index Russell 2000 Index An index measuring the performance of the 2,000 smallest companies in the Russell 3000 Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 serves as a benchmark for small-cap stocks in the United States. (R) and the Russell 2500(TM) Index. "We are pleased to be included in these widely-used benchmark indexes," said Frank P. Filipps, Chief Executive Officer of Clayton. "Our inclusion will give Clayton additional visibility with both institutional and individual investors." Clayton completed its initial public offering at the end of the first quarter. As an eligible IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. , it was added to the Russell Indexes Russell Indexes US equity index widely used by pension and mutual fund investors that are weighted by market capitalization and published by the Frank Russell Company of Tacoma, Washington. when they were reconstituted at the end of the second quarter. About Clayton Holdings, Inc. Clayton Holdings, Inc., headquartered in Shelton, Connecticut, is an information and analytics company serving leading capital markets firms, lending institutions, fixed income investors and loan servicers with a full suite of information-based analytics, specialty consulting and outsourced services. Clayton's services include due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. analytics, conduit support services, professional staffing, compliance products and services, credit risk management, surveillance and specialized loan servicing services. Additional information is available at www.clayton.com. |
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