The Russell Microcap Index will now track Brentwood-based Diversicare Healthcare Services.
Comprising less than 3 percent of the U.S. equity market, the index includes 1,000 of the smallest securities in the Russell 2000 Index.
"We are pleased to be added to the Russell Indexes," Kelly Gill (pictured), Diversicare CEO, said in a release. "Along with our successful execution over the last few years, our inclusion in this Index represents an important milestone for Diversicare, as we continue to increase our visibility in the investment community."
Shares of Diversicare (Ticker: DVCR) finished Thursday's abbreviate trading day at $7.05, down 16 cents (2.2 percent). Year to date, they're up about 55 percent.