Orchids Added To Membership Of U.S. Small-Cap Russell 2000® Index
Jun 27, 2012. Orchids Paper Products Company was added as a member of the U.S. small-cap Russell 2000® Index after the equity markets closed on June 22 as Russell Investments reconstituted its comprehensive family of global indexes.
Jun 27, 2012. /Lesprom Network/. Orchids Paper Products Company was added as a member of the U.S. small-cap Russell 2000® Index after the equity markets closed on June 22 as Russell Investments reconstituted its comprehensive family of global indexes, as the company said in the press release received by Lesprom Network.
Membership in the Russell 2000, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The stock was also added systematically to the Russell Microcap growth and value index. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
"We are pleased to be added to the Russell 2000, which reflects our continued positive momentum and efforts to increase shareholder value," said Robert Snyder, President and Chief Executive Officer. "We expect our inclusion will raise our profile and generate greater interest in our stock at an institutional investor level."
Russell Investments (Russell) is a global asset manager and one of only a few firms that offers actively managed, multi-asset portfolios and services that include advice, investments and implementation. Working with institutional investors, financial advisors and individuals, Russell's core capabilities extend across capital markets insights, manager research, Indexes, portfolio implementation and portfolio construction.
Orchids Paper Products Company is an integrated manufacturer of tissue paper products serving the private label consumer market. The Company produces a full line of tissue products, including paper towels, bathroom tissue and paper napkins. From its operations in Pryor, Oklahoma, Orchids Paper Products Company uses primarily recycled waste paper to produce finished tissue products that it provides to retail chains throughout the central United States.