NEW YORK, Jan. 10, 2013 /PRNewswire/ -- On January 7, 2013, Sidoti & Co. LLC hosted its fifth and largest micro-cap conference. More than 76 companies told their stories to about 400 investors, with attendees and presenters alike finding the event impressive. One attendee declared, "I have been to many of your conferences, and this one was, as usual, great!" A presenter stated, "The one-on-ones were superb. As is rarely the case at conferences, everyone showed up on time! Our presentation was also well-attended, interactive, and dynamic. We know all the behind-the-scenes glitches that can derail a conference, and we appreciate all the work the Sidoti conference team did to ensure that your events are seamless." So many one-on-one meetings with company managements were scheduled that many took place during the conference's lunch hour.
The January 7 event is only one part of a coordinated and diligent effort by Sidoti to create Wall Street's first complete research product for micro-cap names, or companies with market capitalizations below $250 million. The firm began its micro-cap coverage in January 2010, with five analysts assigned solely to that neglected segment. The team was the only one of its kind, but Sidoti & Co. LLC kept its faith that the micro-cap segment contained gems the investment community was ignoring or failing to grasp. Now 18 Sidoti analysts are devoted to micro-cap research, and the firm's coverage has expanded to more than 400 micro-cap names.
In his comments to investors at conference, the firm's founder and CEO, Peter Sidoti, pointed out that Sidoti micro-cap research is now available on direct distribution sites such as FactSet Research Systems, Thomson Reuters, and Bloomberg, among many others; the firm is establishing a separate sales team to exclusively address micro-cap names; and the goal for 2013 is to up the number of Sidoti non-deal road show days to at least 250 from 2012's already noteworthy 130. Mr. Sidoti also announced that based on the enthusiasm shown for the January 2013 Micro-Cap Conference, another such gathering is slated for June 7, 2013.
Sidoti & Co. looks forward to eventually becoming one of the leading advisors to micro-cap firms seeking to raise equity capital. In April 2012, Homeowners Choice Inc. (HCI) was able to raise nearly $22 million thanks to Sidoti's expertise. The firm handled the transaction the old fashioned way, sponsoring a full road show and dozens of one-on-one meetings with institutional investors. The ability to put management teams in front of clients is a hallmark of Sidoti.Sidoti is growing in a deliberate, thoughtful way, seeking to serve clients as well and creatively as possible. As always, as a firm that continues to learn as it grows, Sidoti appreciates feedback.