University of Miami Business School’s Florida 50 Stock Index (UMIAMIFL) gains more than 28% during 2017 and outperforms two key S&P benchmarks by more than 9%

January 05, 2018

The University of Miami Business School’s Florida 50 Index finished 2017 with a gain of 28.55% with twelve of its firms seeing stock prices rise more than 40% and another twelve of its firms seeing stock prices rise more than 20%. The 28.55% gain in the Florida index, which tracks all Florida firms in the S&P Composite 1500® Index, edged out the broader S&P 500 by 9.13% and the S&P 1500 by 9.75%.

The twelve firms in the Florida index with gains of more than 40% were TopBuild Corp. (+112.75%), PetMed Express (+97.23%), Marriott Vacations Worldwide  (+59.35%), ILG Inc. (+56.74%), CSX Corp. (+53.10%),  KLX Inc. (+51.30%), Lennar Corp. (+47.31%), PGT Innovations (+47.16%), WellCare Health Plans (+46.71%), Royal Caribbean Cruises (+45.39%), Roper Technologies (+41.47%), and Affiliated Managers Group (+41.26%).

The University of Miami’s Florida 50 Index, which was established by the School of Business Administration in 2016, is based on the capitalizations of all Florida-based large-, mid- and small-cap companies included in the S&P 1500 index having common stock listed on the NYSE or NASDAQ. It is the very first custom S&P Dow Jones index to be owned by a university and the only index that focuses solely on public companies headquartered in an individual U.S. state.

The 2017 performance of the University of Miami Business School’s Florida 50 Index shows that not only are Florida-based firms keeping pace with their counterparts across the country, as a cross-section, they’re actually seeing results coming in even better. The twelve largest companies in the Florida 50 Index have a combined market capitalization of over $300 billion. Investors may do well to keep an eye on this index in the future as they weigh their investment decisions.

Seth Levine
CPA, Accounting Lecturer at the school and creator of the index

Two companies recently joined the index thanks to S&P’s recent inclusion of both into their own indices. They are Norwegian Cruise Lines (NCLH) and SBA Communications (SBAC).”

The index is available under ticker symbol UMIAMIFL through the S&P website at: www.UMFL50.com. The performance can be monitored in real time on Yahoo Finance.

About the University of Miami Business School

The University of Miami Business School is a leader in preparing individuals and organizations to excel in the complex, dynamic, and interconnected world of global business. One of 12 schools and colleges at the University of Miami, the School offers undergraduate, master’s, doctoral, and executive education programs. With its location in a major center for international business, the School is acclaimed for its global perspective, student and faculty diversity, and engagement with the business community. More information about the University of Miami Business School can be found at www.bus.miami.edu.

Contact: Seth Levine, CPA, Accounting Lecturer and MPrA Program Director, (305) 215-1215, slevine@bus.miami.edu

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