NEW YORK, July 24, 2012 /PRNewswire/ -- Sidoti & Co., LLC has come a long way from January 2010, when it proclaimed to institutional investors that the world of equities with market capitalizations below $200 million (the micro-cap segment) abounds with opportunity. At the time, there was resistance to this type of stock, based on factors Sidoti regarded as incorrect or irrelevant. With full faith that the micro-cap segment harbors significant investment opportunity, Sidoti acted with determination and vigor to educate Wall Street on the group's merits.
The results speak for themselves: Sidoti — now the largest provider of micro-cap research — just hired its 20th analyst to focus purely on equities with market capitalizations below $200 million, and by Labor Day, the firm expects to initiate coverage of its 400th micro-cap name. Sidoti already has hosted five conferences exclusively highlighting micro-cap stocks and watched attendance soar, as worthy micro-cap companies want to tell their story and a growing group of savvy investors wants to learn more. The firm adds intriguing names to its micro-cap coverage by the week, and publishes other well-received micro-cap products, such as its Micro-Cap News of the Day, Micro-Cap Cash Flow Valuation Report, and Micro-Cap Best of the Buys Report.
Established in 1999, Sidoti & Company, LLC also continues to set the Wall Street standard for independent small-cap equity research, with 54 analysts mining dozens of industries to provide unbiased, institutional-quality research focusing on the investment merits of profitable companies with market caps of $200 million to $2.5 billion. The firm anticipates extending coverage to 700 small-cap equities and 600 micro-caps by the end of 2013.
Sidoti expects the additional coverage to aid its efforts to expand institutional awareness of this segment. The larger broker/dealers lack the interest and the structure to support smaller companies. Fees and trading commissions are too low to whet the appetites of the giants created by all the consolidation over the last decade. Sidoti & Company, LLC fills the void left by the rest of the Street. The firm now serves over 600 institutional accounts, including every major small-cap portfolio manager in the nation.
The firm's marketing efforts will continue to include conferences and "non-deal" road shows. On January 7, 2013, the firm will host its sixth micro-cap conference at the Grand Hyatt Hotel in midtown Manhattan. By year-end, Sidoti will have sponsored more than 200 days of management visits for micro-cap companies throughout the country, and 1,000 days for small-caps.
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SOURCE Sidoti & Co., LLC