A roster of Orange County’s publicly traded companies will be added to the Russell 3000 and Russell Microcap indices, according to a preliminary list published by Russell Investments, which rebalances the indices annually.
Irvine-based Opus Bank will be added to the Russell 3000 Index, which tracks the performance of the largest 3,000 U.S. companies that combine for about 98% of the equity market. Santa Ana-based Collectors Universe Inc. will also be added to the Russell 3000. It has about $179 million in market capitalization and provides authentication and grading services for collectibles.
Several OC-based companies will join the Russell Microcap Index, which tracks the smaller market capitalization segment of the U.S. stock market, including American Vanguard Corp. in Newport Beach.
Other additions include: Costa Mesa-based Emulex Corp., which develops storage networking products; nursing home operator Ensign Group Inc. in Mission Viejo; Irvine-based TRI Pointe Homes Inc.; and consulting firm Willdan Group Inc. of Anaheim.
Russell Investments also announced deletions from its indices. Biolase Inc., an Irvine-based dental laser manufacturer; California First National Bancorp in Irvine; Santa Ana-based for-profit education company Corinthian Colleges Inc.; and Foothill Ranch-based apparel retailer Wet Seal Inc. will be dropped from the Russell 3000. Anaheim-based bread and meat products maker Bridgford Foods Corp. and Irvine-based healthcare management services provider CorVel Corp. will be deleted from the Russell Microcap.
