Monday, May 18, 2015

Connecticut Companies Stock Market Prices Up 502% Since March 6, 2009

President Obama will be giving the Commencement Address at the Coast Guard Academy in New London, CT on this Wednesday, May 20, 2015.  Later, he will be attending a DNC Fundraiser in Stamford, CT.  Thus, as a backdrop for this Presidential visit, I think it would be helpful to update just what has been going on with Connecticut businesses.

From a very thorough review of SEC filings, I found 62 Connecticut Headquartered Companies with current Total Stock Market Capitalizations of at least $100 mil and which also had their common stocks trading on each of the following three dates:

  • On December 31, 2007, or early in 2008 for companies first going public then, both before the financial meltdown hit
  • On March 6, 2009, which was the lowest point for the US stock market due to the spillover effects resulting from the 2008 financial meltdown, and 
  • also on the most recent date May 18, 2015, or the date the Companies were sold, if they were sold since the beginning of 2014
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 62 Connecticut Companies had their equal-company weighted average stock market prices decline by a huge 58% from December 31, 2007 before the 2008 Financial Meltdown hit to March 6, 2009, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But in the six years and two months since March 6, 2009 through the most recent date May 18, 2015, the average stock market prices of these same 62 Connecticut Companies have increased by a very impressive 502%.

There has been something upwardly explosive happening with the Connecticut Companies Stock Market Prices since the 2008/2009 US Financial Meltdown, and among others, President Obama, Connecticut US Democratic Senators Richard Blumenthal and Chris Murphy, Connecticut US House of Representative Members Joe Courtney, Rosa DeLauro, Elizabeth Esty, Jim Hines and John Larson, and Connecticut Governor Dan Malloy have all undoubtedly helped here.

Below here are the 62 Connecticut Headquartered Companies with Stock Market Caps now of at least $100 mil and which have had their common stocks trading from December 31, 2007, or early in 2008 for companies first going public then, through the most recent date May 15, 2015, or the date the Companies were sold, if they were sold since the beginning of 2014, along with the related Stock Market Price Percentage Changes.




Market Market Market






Price Price Price






% % %






Change Change Change



Market Market Market 3-6-09 12-31-07 12-31-07



Price Price Price to to to
Connecticut HQs
5-18-15 3-6-09 12-31-07 5-18-15 3-6-09 5-18-15



$s $s $s











United Rentals Greenwich CT     103.61        3.16      18.36 3179% -83% 464%
Virtus Investment Partners Hartford CT     117.46        4.69      10.50 2404% -55% 1019%
XPO Logistics Greenwich CT      50.04        2.68        4.92 1767% -46% 917%
Priceline Group Norwalk CT  1,216.84      83.59     114.86 1356% -27% 959%
Lydall Inc Manchester CT      29.26        2.04      10.52 1334% -81% 178%
Harman Intl Stamford CT     125.79        9.47      73.71 1228% -87% 71%
Photronics Brookfield CT        9.56        0.74      12.47 1192% -94% -23%
Webster Financial Waterbury CT      37.92        2.97      31.97 1177% -91% 19%
XL Group plc Stamford CT      37.56        2.95      50.31 1173% -94% -25%
Hartford Financial Services Group Hartford CT      41.64        3.62      87.19 1050% -96% -52%
Hexcel Stamford CT      50.71        4.76      24.28 965% -80% 109%
Alexion Phramaceuticals Cheshire CT     163.16      16.14      18.76 911% -14% 770%
Cigna Bloomfield CT     133.27      13.44      53.73 892% -75% 148%
Gartner Stamford CT      87.76        8.94      17.56 882% -49% 400%
Aircastle Stamford CT      25.30        2.80      26.33 804% -89% -4%
Starwood Hotels & Resorts Stamford CT      85.29        9.52      44.03 796% -78% 94%
Achillion Pharmaceuticals New Haven CT      11.03        1.48        4.99 645% -70% 121%
RBC Bearings Oxford CT      73.94      12.59      43.46 487% -71% 70%
Zygo Middlefield CT      19.24        3.40      12.46 466% -73% 54%
Aetna Hartford CT     113.73      20.22      57.73 462% -65% 97%
Sturm Ruger Southport CT      55.83      10.32        8.28 441% 25% 574%
Barnes Group Bristol  CT       40.60        8.01      33.39 407% -76% 22%
Genesee & Wyoming Darien CT      87.42      17.61      24.17 396% -27% 262%
Amphenol Wallington CT      58.16      11.86      23.19 391% -49% 151%
Crane Stamford CT      62.76      12.90      42.90 387% -70% 46%
Hubbell Shelton CT     111.38      23.44      51.60 375% -55% 116%
Rogers Corp Rogers CT      72.55      16.04      43.37 352% -63% 67%
FactSet Research Systems Norwalk CT     166.57      36.88      55.70 352% -34% 199%
Stanley Black & Decker New Britain CT     103.26      23.56      48.48 338% -51% 113%
Kaman Corp Bloomfield CT      42.88      10.29      36.81 317% -72% 16%
General Electric Fairfield CT      27.31        7.06      37.07 287% -81% -26%
Teledyne Bolt Norwalk CT      21.99        5.88      25.32 274% -77% -13%
Terex Westport  CT       28.43        7.63      65.57 273% -88% -57%
TRC Companies Windsor CT        9.77        2.70        8.00 262% -66% 22%
Ethan Allen Interiors Danbury CT      25.56        7.10      28.50 260% -75% -10%
Independence Holding Stamford CT      11.86        3.59      11.50 230% -69% 3%
SI Financial Group Willimantic CT      11.66        3.54        9.84 229% -64% 18%
Star Gas Partners  LP Stamford CT        8.21        2.51        3.97 227% -37% 107%
EMCOR Group Norwalk CT      46.16      14.31      23.63 223% -39% 95%
The Phoenix Companies Hartford CT      18.02        5.80     237.40 211% -98% -92%
United Technologies Hartford CT     118.51      38.54      76.54 207% -50% 55%
ATMI Inc Danbury CT      33.98      12.08      32.25 181% -63% 5%
Interactive Brokers Group Greenwich CT      35.89      13.37      32.32 168% -59% 11%
Xerox Norwalk CT      11.48        4.28      16.19 168% -74% -29%
WR Berkley Greenwich CT      49.96      19.47      29.81 157% -35% 68%
Silgan Holdings Stamford CT      55.99      23.85      25.97 135% -8% 116%
PrimeEnergy Corp Stamford CT      56.00      24.46      56.25 129% -57% 0%
Compass Diversified Holdings Westport CT      16.41        7.35      14.90 123% -51% 10%
Praxair Danbury CT     121.85      55.24      88.71 121% -38% 37%
Urstadt Biddle Properties Greenwich CT      20.63      10.37      15.50 99% -33% 33%
The Eastern Co Naugatuck CT      19.31      10.00 18.34 93% -45% 5%
United Financial Bancorp Glastonbury CT      12.85        6.97      12.20 84% -43% 5%
Navigators Group Stamford CT      77.46      48.24      65.00 61% -26% 19%
World Wrestling Entertainment Stamford CT      13.91        9.53      14.76 46% -35% -6%
Information Services Group Stamford CT        4.09        3.06        6.85 34% -55% -40%
Cenveo Stamford CT        2.37        1.83      17.47 30% -90% -86%
Pitney Bowes Stamford CT      23.00      18.02      38.04 28% -53% -40%
Frontier Communications Stamford CT        5.56        5.86      12.73 -5% -54% -56%
People's United Financial Bridgeport CT      15.38      16.87      17.80 -9% -5% -14%
Blyth Inc Greenwich CT        7.37        8.20      43.88 -10% -81% -83%
FuelCell Energy Danbury CT        1.22        2.13        9.92 -43% -79% -88%
Revolution Lighting Technologies Stamford CT        1.33        6.60        4.90 -80% 35% -73%









Average % Change all 62 Connecticut Companies



502% -58% 110%

In addition to the above 62 Connecticut Companies, from IPO Scoop, below here are the 15 Connecticut Companies filing IPOs since the beginning of 2009.  The clear stickout performer here is the very well run SS&C Technologies, headed by Evansville, Ind native Bill Stone, whose stock market price has more than quadrupled from its Initial Offering Price:






%








Market








Price






5-18-15
Change






Stock Initial From
IPO
City State

Market Offering Offering
Date Connecticut Company HQs
Sector Industry Price Price Price





$ $









3/31/10 SS&C Technologies Windsor CT Technology Business Software & Services 61.32 15.00 309%
7/26/12 Northern Tier Energy LP Ridgefield CT Basic Materials Oil&Gas Refining&Marketing 24.69 14.00 76%
4/4/14 IMS Health Holdings Danbury CT Technology Information Technology Services 28.90 20.00 45%
7/31/14 Synchrony Financial Stamford CT Financial Consumer Finance 31.84 23.00 38%
7/27/11 Tangoe  Orange CT Technology Business Software & Services 13.39 10.00 34%
7/28/11 Chefs Warehouse  Ridgefield CT Services Food Wholesale 20.05 15.00 34%
8/11/09 Starwood Property Trust  Greenwich CT Financial REIT-Diversified 24.46 20.00 22%
7/24/14 Townsquare Media Greenwich CT Telecommunications Media & Entertainment 12.40 11.00 13%
7/31/14 Marinus Pharmaceuticals New Haven CT Health Care Biotechnology 8.10 8.00 1%
1/31/14 Cara Therapeutics  Shelton CT Health Care Biotechnology 10.05 11.00 -9%
10/8/10 Ellington Financial LLC  Old Greenwich CT Financial Mortgage Investment 20.28 22.50 -10%
8/1/14 Loxo Oncology Stamford CT Health Care Biotechnology 11.14 13.00 -14%
5/1/13 Ellington Residential Mortgage REIT    Old Greenwich CT Financial REIT-Diversified 16.20 20.00 -19%
10/31/14 Fifth Street Asset Management Greenwich CT Financial Investment Advice 8.75 17.00 -49%
6/17/10 Higher One Holdings  New Haven CT Services Business Services 2.90 12.00 -76%









Average % Change all 15





26%








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