Six Orange County-based businesses joined the Russell 3000 Index after a revision to its makeup last month.
The Russell 3000 Index measures the 3,000 largest publicly held companies in the U.S. It is among the best known of 130 indexes devised by asset manager FTSE Russell in Seattle, Wash. They are intended to measure investment performance by company size, industry or other criteria.
The six OC-based additions include Irvine-based companies Autobytel Inc., an e-commerce service for auto dealers; California First National Bancorp; First Foundation, which operates First Foundation Bank; and ChromaDex Inc., which provides ingredients to the supplement, food and beverage, and pharmaceutical industries.
The others are Lake Forest-based fast-food chain Del Taco Restaurants Inc. and Pacific Mercantile Bancorp in Costa Mesa.
2 Dropped
Two local companies were dropped from the index as of June 30—Newport Beach-based Alliance HealthCare Services Inc., a provider of outsourced healthcare services to hospitals; and Peregrine Phar-maceuticals Inc. in Tustin, a biopharmaceutical company targeting cancer.
• Autobytel is No. 44 on the Business Journal’s list of OC-based publicly traded companies, with a market cap of $156 million last week.
• Del Taco Restaurants Inc. is No. 35, with a market cap of $364 million.
• First Foundation is No. 37, with a market cap of $362 million.
• Pacific Mercantile Bancorp is No. 46, with a market cap of $160 million.
• ChromaDex is No. 47, with a market cap of $149 million.
• California First National Bancorp is No. 50, with a market cap of $150 million.
• Peregrine Pharmaceuticals Inc. is No. 54, with a market cap of $101 million.
• Alliance HealthCare Services Inc. is No. 58, with a market cap of $64 million.
The Russell 3000 Index’s value has dropped 5% to $24.1 trillion since it was revised a year ago.
