Boyd Gaming Set to Join S&P MidCap 400; Ring Energy, James River Group Holdings and EVERTEC to Join S&P SmallCap 600
NEW YORK, Feb. 6, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:
- S&P SmallCap 600 constituent Boyd Gaming Corp. (NYSE:BYD) will replace CalAtlantic Group Inc. (NYSE:CAA) in the S&P MidCap 400, and Ring Energy Inc. (NYSE American:REI) will replace Boyd Gaming in the S&P SmallCap 600 effective prior to the open of trading on Tuesday, February 13. S&P 500 constituent Lennar Corp. (NYSE:LEN) is acquiring CalAtlantic Group in a deal expected to be completed on or about February 12 pending final approvals.
- James River Group Holdings Ltd. (NASD:JRVR) will replace Barracuda Networks Inc. (NYSE:CUDA) in the S&P SmallCap 600 effective prior to the open of trading on Monday, February 12. Thoma Bravo is acquiring Barracuda Networks in a deal expected to be completed on or about that date pending final conditions.
- EVERTEC Inc. (NYSE:EVTC) will replace Sucampo Pharmaceuticals Inc. (NASD:SCMP) in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, February 14. S&P 500 constituent Mallinckrodt plc (NYSE:MNK) is acquiring Sucampo Pharmaceuticals in a deal expected to be completed on or about that date pending final conditions.
Boyd Gaming is a diversified owner and operator of gaming entertainment properties. Headquartered in Las Vegas, NV, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Casinos & Gaming Sub-Industry index.
Ring Energy is an oil and gas exploration, development and production company. Headquartered in Midland, TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Exploration & Production Sub-Industry index.
James River Group Holdings owns and operates a group of specialty insurance and reinsurance companies. Headquartered in Pembroke, Bermuda, the company will be added to the S&P SmallCap 600 GICS Property & Casualty Insurance Sub-Industry index.
EVERTEC is a full-service transaction processing company that provides a broad range of merchant acquiring, payment processing and business solutions services. Headquartered in San Juan, PR, the company will be added to the S&P SmallCap 600 GICS Data Processing & Outsourced Services Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – FEBRUARY 12, 2018 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
James River |
Financials |
Property & Casualty Insurance |
DELETED |
Barracuda Networks |
Information Technology |
Systems Software |
S&P MIDCAP 400 INDEX – FEBRUARY 13, 2018 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Boyd Gaming |
Consumer Discretionary |
Gaming & Casinos |
DELETED |
CalAtlantic Group |
Consumer Discretionary |
Homebuilding |
S&P SMALLCAP 600 INDEX – FEBRUARY 13, 2018 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Ring Energy |
Energy |
Oil & Gas Exploration & Production |
DELETED |
Boyd Gaming |
Consumer Discretionary |
Gaming & Casinos |
S&P SMALLCAP 600 INDEX – FEBRUARY 14, 2018 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
EVERTEC |
Information Technology |
Data Processing & Outsourced Services |
DELETED |
Sucampo Pharmaceuticals |
Health Care |
Pharmaceuticals |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
[email protected]
S&P Dow Jones Indices
[email protected]
Media Inquiries
[email protected]
SOURCE S&P Dow Jones Indices
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article