The Role
American Capital Management, Inc. (ACM) is seeking an Equity Research Analyst to support the firm’s investment process. ACM identifies proprietary universes of growth-oriented companies through intensive fundamental research, with a focus on businesses across the healthcare, industrial, and technology sectors. Currently, we are looking for candidates suited to healthcare or industrial research. Reporting to the CIO, this individual will conduct fundamental bottom-up company analysis to help identify and capitalize on mispriced securities. The role requires rigorous due diligence on industry and company-specific trends, financial statement analysis, extensive financial modeling, and valuation work. The investment team relies on this research as a foundation for stock selection.
Responsibilities
Conduct due-diligence, deep industry research, thorough fundamental analysis, and valuation work within ACM’s established investment process across various industries
Perform regular research maintenance tasks related to maintaining ACM’s proprietary investment universes and projections for future growth and profitability
Coordinate meetings with management teams and 3rd party research analysts
Develop and scrutinize strategic analysis associated with the “total addressable market” and the penetration rates of various investment themes to ensure secular tailwinds
Dissect and project company financials; perform valuation analysis
Synthesize data to generate new investment ideas and/or recommend investment action
Maintain current views on securities held in portfolios
Attend meetings with relevant company management teams
Communicate key findings and recommendations to PM teams to help drive portfolio alpha
Expected to work in hybrid environment with at least four days in the office
Qualifications
Ideal candidate will have 2-5 years experience in buy-side or sell-side equity research
A high degree of intellect, curiosity, drive for continued improvement, and a passion for investing
Strong background in financial accounting, financial statement analysis and Excel
Coachable and willingness to be mentored – a desire to learn ACM’s investment philosophy
Competency in dissecting and valuing business models
Exceptional analytical skills and proven ability to analyze financial statements
Ability to evaluate investment opportunities in a timely fashion and effectively communicate conclusions
Attention to detail, strength of conviction, ability to think independently, and generate original ideas and opinions
A flexible, open-minded style and an interest in gaining perspectives from various sources and people
The highest standards of personal honesty and integrity
Ability to collaborate as well as work independently
College degree required, progress toward CFA preferred
Company Background
American Capital Management, Inc. (ACM) is a boutique investment management firm, founded in 1980, with over $2.2 billion in assets under management. The firm specializes in managing small and mid-cap portfolios for family offices, high net worth investors and institutional investors. ACM has 13 employees in total with six professionals focused on portfolio management and investment research. Currently, ACM is looking to hire an equity research analyst to enhance our capacity and strengthen the investment team.
ACM’s strategy is to provide superior relative returns by investing in a select group of quality small and medium-sized growth companies (typically between $100 million and $2.5 billion in sales at time of initial purchase). We favor smaller companies because they have historically outperformed over most five-year periods. We identify a proprietary universe of 100 quality growth companies based upon intensive fundamental research. We employ team-based approach which results in concentrated, high-conviction portfolios. Typically, the strategy owns 25-40 investments and favors selections with reasonable valuations and accelerating growth. We focus on the healthcare, industrial, information services and technology industries. We typically benchmark against the Russell 2500 and Russell 2500 Growth indices.
All investment personnel at ACM are dedicated to one strategy, Small and Medium Company Growth, which creates a focused environment where resources are directed where they are most needed. However, the firm has launched a new Small Cap strategy that will enhance the AUM capacity of the firm and create an internal need for more research resources.
Location
This role will be based in New York, NY.
Compensation
Base salary range is $135k to $175k commensurate with experience.
Actual base salary may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base salary is just one component of total compensation at ACM. In addition, ACM provides a variety of benefits to employees, including health insurance coverage, a retirement savings plan, paid holidays, sick and vacation time off.

Equity Research Analyst

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