CJS Securities
CJS Securities is a research-driven broker-dealer in White Plains, New York, that seeks quality small- and mid-cap companies overlooked by other research. Its generalist analysts actively follow about 100 stocks for long-term institutional investors.
Company history
Arnold Ursaner, formerly of Bear Stearns, founded CJS Securities in 1998; the company had been incorporated in New York in November 1997. It operates as an introducing broker whose trades clear through a third-party clearing firm, alongside research, advisory services and selling-group participation in offerings. Robert Labick, who joined as a senior analyst in 2002 and became director of research in 2006, has been president since March 2015.
- 1997Incorporated in New York
- 1998Founded by Arnold Ursaner
- 2015Robert Labick named president
Research
CJS provided active research on 98 companies as of July 2026; its generalists publish in-depth basic reports with detailed financial models, frequent updates and quarterly coverage-universe updates, and host small- and mid-cap investor conferences. Ratings are Market Outperform (at least 15% better than the Russell 2000 over 6-18 months), Market Perform and Market Under-Perform; 92% of actively covered names were rated Market Outperform in July 2026.
Coverage12M
- Stocks
- 10
- Ratings
- 11
- Price targets
- 0
- Upgrades
- 3
- Downgrades
- 7
- Initiations
- 1
- Reiterations
- 0
- Positive30%3
- Neutral70%7
- Negative0%0
Sectors
Ratings
Listing
Activity24M
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 FSSFederal Signal Corporation | Market Outperform | — |
 SMCISuper Micro Computer, Inc. | Market Perform | — |
 AAONAAON, Inc. | Market Outperform | — |
 ACVAACV Auctions Inc. | Market Perform | — |
 AGXArgan, Inc. | Market Perform | — |
 CBZCBIZ, Inc. | Market Perform | — |
 LEGHLegacy Housing Corporation | Market Perform | — |
 LNTHLantheus Holdings, Inc. | Market Perform | — |
 NEOGNeogen Corporation | Market Outperform | — |
 THRMGentherm Incorporated | Outperform | — |
Recent actions
| Stock | Rating action | Rating | Date |
|---|---|---|---|
| ACV Auctions Inc.ACVA | Downgrade | Market Outperform →Market Perform | Sep 15 |
| Gentherm IncorporatedTHRM | Initiate | Outperform | Sep 14 |
| VRVarex Imaging CorporationVREX | Downgrade | Outperform →Market Perform | Aug 17 |
| Lantheus Holdings, Inc.LNTH | Downgrade | Market Outperform →Market Perform | Aug 4 |
| CBIZ, Inc.CBZ | Downgrade | Market Outperform →Market Perform | Jul 30 |
| VRVerra Mobility CorporationVRRM | Downgrade | Market Outperform →Market Perform | May 27 |
| Super Micro Computer, Inc.SMCI | Upgrade | Market Underperform →Market Perform | May 6 |
| Super Micro Computer, Inc.SMCI | Downgrade | Market Perform →Market Underperform | Mar 20 |
| Federal Signal CorporationFSS | Upgrade | Market Perform →Market Outperform | Feb 26 |
| Neogen CorporationNEOG | Upgrade | Market Perform →Market Outperform | Dec 10, 2025 |
| Legacy Housing CorporationLEGH | Downgrade | Market Outperform →Market Perform | Nov 11, 2025 |
| Federal Signal CorporationFSS | Downgrade | Outperform →Market Perform | Jul 31, 2025 |
References
- About | CJS Securitiescjssecurities.com
- Important Disclosures | CJS Securitiescjssecurities.com
- CJS Securities, Inc. - FINRA BrokerCheckbrokercheck.finra.org
- CJS Securities, Inc. annual audited report, December 31, 2024 (SEC)sec.gov
- CJS Securities company report with firm profile (2026)cjssecurities.com