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ENGLEWOOD CLIFFS, N.J. - Atlantic International Corp. (NASDAQ:ATLN), a $241 million market cap company that has gained nearly 10% in the past week according to InvestingPro data, will be added to the Russell 3000 Index effective June 30, 2025, as part of the annual reconstitution of Russell indexes, the company announced Tuesday.
The staffing and workforce solutions provider will automatically be included in either the large-cap Russell 1000 Index or small-cap Russell 2000 Index, based on its market capitalization ranking as of April 30.
Membership in the Russell 3000 Index remains in place for one year. FTSE Russell determines index membership primarily through objective market-capitalization rankings and style attributes.
"Inclusion in the Russell 3000 Index is an important milestone for Atlantic," said Jeffrey Jagid, Chief Executive Officer of Atlantic International Corp., in a statement.
The Russell indexes are widely used as benchmarks by investment managers and institutional investors. Approximately $10.6 trillion in assets were benchmarked against Russell U.S. indexes as of June 2024, according to the company’s press release.
FTSE Russell CEO Fiona Bassett noted that the indexes will transition to semi-annual reconstitution starting in 2026 to ensure they maintain accurate market representation.
Atlantic International Corp. provides staffing, recruiting, and strategic outsourcing solutions across various industries through subsidiaries including Lyneer Staffing Solutions. The company is scheduled to report its next earnings on June 25, with InvestingPro offering additional insights through its comprehensive financial analysis and 8 more key investment tips.
In other recent news, Atlantic International Corp. has announced the appointment of Matt Evelt as its new Chief Operating Officer. Evelt brings over twenty years of industry experience, previously serving as President – Americas at Airswift. His leadership is anticipated to drive global operations and enhance the company’s growth and efficiency. Additionally, Atlantic International has launched a new conversational AI platform through its subsidiary, Lyneer Staffing Solutions. This platform aims to transform hiring and compensation decisions by offering real-time workforce intelligence and compensation insights. Todd McNulty, CEO of Lyneer Staffing Solutions, highlighted the platform’s ability to democratize workforce intelligence, making sophisticated market analysis accessible to organizations of all sizes. The AI platform provides features such as real-time compensation analysis and career progression forecasting. Jeffrey Jagid, CEO of Atlantic International, emphasized the importance of this subscription service in maintaining advanced workforce intelligence. These developments reflect Atlantic International’s ongoing commitment to integrating technology with strategic staffing solutions.
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