Business news : Delta Apparel Added to the Russell 2000 Index

Delta Apparel, Inc. has been added to the Russell 3000 Index and the subset Russell 2000 Index. The company continues to be included in the Russell Microcap Index.

Russell Investments completed its annual reconstitution of its U.S. indexes, capturing the 4,000 largest U.S. stocks as of the end of May. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. The Russell 3000® also serves as the U.S. component to the Russell Global® Index, which Russell launched in 2007.

Robert W. Humphreys, Chairman and Chief Executive Officer, commented, “The inclusion in the Russell 3000® Index marks another milestone for Delta Apparel, Inc. This recognizes the rise in our market capitalization over the past year, driven from our strong revenue and earnings growth. We believe inclusion in these widely recognized indexes will increase investor awareness and interest in our Company.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in assets are benchmarked to them. Stocks that are added to Russell indexes are often purchased by index funds. Russell's investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.


Source Delta Apparel Inc through SportsOneSource