- Real Estate
- Food & Drink
From staff reports
Sioux Falls-based Meta Financial Group Inc. is being added to the S&P SmallCap 600 Index.
The company, which trades on Nasdaq under the ticker symbol CASH, will be added after the close of business Sept. 15.
The S&P 600 is an index offered by S&P Dow Jones Indices that’s designed to measure the small-cap segment of the U.S. equity market.
“We are happy for this new opportunity to be added to the S&P SmallCap 600 index,” said Tyler Haahr, chairman and CEO of Meta Financial Group. “This is a positive development for us and is the result of the profitable growth we have seen over the last few years.”
The research firm Keefe, Bruyette & Woods estimates that S&P 600 index funds will need to purchase 516,000 shares of Meta. The stock’s one-month average daily trading volume is 66,000 shares.
Meta stock was up 11 percent, or $7.65 per share, in trading Monday after the news came out.
Today is forecast to be Cooler than yesterday.
Sunday 10/22 0%
High 67° / Low 46°
A mainly sunny sky. High 67F. Winds SW at 10 to 15 mph.
Monday 10/23 20%
High 61° / Low 40°
Windy with a few clouds from time to time. Slight chance of a rain shower. High 61F. Winds NW at 25 to 35 mph.
Tuesday 10/24 0%
High 52° / Low 41°
Partly cloudy and windy. High 52F. Winds NNW at 20 to 30 mph. Higher wind gusts possible.
Meta Financial Group Inc. is being added S&P SmallCap 600 Index.
Have a business news item to share with us?