It is no secret that Black-owned businesses have been historically underrepresented in the public markets. Despite the fact that there are over 3 million Black-owned businesses, historical lack of access to capital and resources has made it difficult to compete in the public markets.
There are more Black-owned publicly traded companies than ever before, we are still underrepresented. In fact, even though Black-owned businesses make up a significant portion of the U.S. economy, only a small percentage of public companies are owned by minorities.
Below is a list of 10 Black-owned publicly traded companies, along with their stock symbol, latest closing price, and website link. 1 and if. you’re keeping track, the BLAC Finance stock ticker includes them all. Here we go:
- RLJ Lodging Trust (RLJ): $17.45, https://www.rljlodgingtrust.com/
- Urban One, Inc. (UONE): $5.25, https://www.urban1.com/
- Global Blood Therapeutics, Inc. (GBT): $38.35, https://www.gbt.com/
- Carver Bancorp, Inc. (CARV): $6.20, https://www.carverbank.com/
- Broadway Financial Corp. (BYFC): $2.90, https://www.broadwayfederalbank.com/
- Ping Identity Holding Corp. (PING): $26.50, https://www.pingidentity.com/
- Axsome Therapeutics, Inc. (AXSM): $50.20, https://www.axsome.com/
- American Shared Hospital Services (AMS): $2.50, https://www.ashs.com/
- Citizens Bancshares Corporation (CZBS): $11.50, https://www.citizensbank.com/
- Natera, Inc. (NTRA): $22.90, https://www.natera.com/
RLJ Lodging Trust
Urban One, Inc.
Broadway Financial Corporation
Carver Bancorp, Inc.
Axsome Therapeutics, Inc.
American Shared Hospital Servic
CITIZENS BANCSHARES CORP GA
Dow Jones Industrial Average
S&P 500 INDEX
Investing in Black-owned stock is one way to support Black-owned businesses and help close the racial wealth gap. According to a recent report by the Pew Research Center, Black-owned businesses accounted for only 4.3% of all businesses in the U.S. in 2017, and only 0.4% of all businesses were publicly traded. This means that there is still a lot of work to be done in order to increase the number of Black-owned businesses that are publicly traded.
Dream Exchange is looking to change this by forming the first Minority-owned company to operate a stock exchange and venture exchange to trade small business stock. The company’s mission is to provide an alternative trading platform where minority-owned businesses can access capital, grow and create jobs in their communities. It also aims to create a new standard for transparency and accountability within the exchange industry by giving investors the same level of information they would receive from Wall Street.
It is important to note that the information provided in by BLAC is for informational dpurposes only and should not be considered financial advice. Investing in stocks involves risks and it is always advisable to consult a professional financial advisor before making any investment decisions. Any investments made based on the information presented by BLAC are solely at the investor’s own risk. We strongly encourage readers to do their own research and due diligence before making any investment decisions.
- Sources: Investopedia, Tiicker, Pew Research Center ↩