Litchfield Hills

Litchfield Hills Research LLC

Litchfield Hills Research is a Connecticut-based issuer-sponsored equity research firm covering micro- and small-cap companies, which pay it for report distribution and investor targeting rather than investors paying for access.

Company history

Theodore R. O'Neill, a sell-side analyst with more than 25 years at firms including Needham & Company, Wells Fargo, A.G. Edwards and H.C. Wainwright, founded Litchfield Hills Research in 2012 in Lakeville, Connecticut. The firm is not a registered broker-dealer; reports from 2018 to 2024 identified O'Neill as a registered representative of broker-dealer Ascendiant Capital Markets. Its analyst team includes Barry M. Sine and Joseph D. France.

  1. 2012Founded by Theodore R. O'Neill in Lakeville, Connecticut

Research

The firm writes company-sponsored research on micro- and small-cap issuers, many traded on Nasdaq or OTC markets, and states that its reports conform to FINRA research standards. Issuers pay for distribution and investor targeting; the firm discloses no investment-banking compensation and no analyst shareholdings in covered companies. Ratings are Buy (total return of 15% or more in 12 months), Hold (−15% to +15%) and Sell (worse than −15%).

Coverage12M

Stocks
6
Ratings
6
Price targets
0
Upgrades
0
Downgrades
0
Initiations
3
Reiterations
3
  • Positive100%6
  • Neutral0%0
  • Negative0%0

Sectors

  • Information Technology33%
  • Industrials33%
  • Other17%
  • Communication Services17%

Ratings

  • Buy100%

Listing

  • United States83%

Activity24M

RatingsPrice targets2
Oct 2024 · Ratings 0 · Price targets 0Nov 2024 · Ratings 0 · Price targets 0Dec 2024 · Ratings 0 · Price targets 0Jan 2025 · Ratings 0 · Price targets 0Feb 2025 · Ratings 0 · Price targets 0Mar 2025 · Ratings 0 · Price targets 0Apr 2025 · Ratings 0 · Price targets 0May 2025 · Ratings 0 · Price targets 0Jun 2025 · Ratings 0 · Price targets 0Jul 2025 · Ratings 1 · Price targets 0Aug 2025 · Ratings 2 · Price targets 0Sep 2025 · Ratings 1 · Price targets 0Oct 2025 · Ratings 0 · Price targets 0Nov 2025 · Ratings 0 · Price targets 0Dec 2025 · Ratings 0 · Price targets 0Jan 2026 · Ratings 0 · Price targets 0Feb 2026 · Ratings 0 · Price targets 0Mar 2026 · Ratings 1 · Price targets 0Apr 2026 · Ratings 0 · Price targets 0May 2026 · Ratings 0 · Price targets 0Jun 2026 · Ratings 2 · Price targets 0Jul 2026 · Ratings 0 · Price targets 0Aug 2026 · Ratings 1 · Price targets 0Sep 2026 · Ratings 1 · Price targets 0
Oct '24Oct '25Sep '26

Most covered24M

StockRatingTargetActionsLast action
IQSTiQSTEL Inc.Buy3Sep 25
JETMFBuy1Jun 22
KULRKULR Technology Group, Inc.Buy1Sep 8
NXPLNextPlat CorpBuy1Jun 24
QMCOQuantum CorporationBuy1Aug 10
STRRStar Equity Holdings, Inc.Buy1Mar 23
VEONVEON Ltd.Buy1Aug 22

Recent actions

StockRating actionRatingDate
KULR Technology Group, Inc.KULRReiterateBuySep 8
Quantum CorporationQMCOInitiateBuyAug 10
NextPlat CorpNXPLInitiateBuyJun 24
JETMFInitiateBuyJun 22
Star Equity Holdings, Inc.STRRReiterateBuyMar 23
iQSTEL Inc.IQSTReiterateBuySep 25, 2025
VEON Ltd.VEONReiterateBuyAug 22, 2025
iQSTEL Inc.IQSTReiterateBuyAug 19, 2025
iQSTEL Inc.IQSTReiterateBuyJul 28, 2025
Greenland Technologies Holding CorporationGTECReiterateBuyAug 23, 2022
Greenland Technologies Holding CorporationGTECReiterateBuyMay 18, 2022
Adial Pharmaceuticals, Inc.ADILReiterateBuyJun 29, 2021

References

  1. Litchfield Hills Researchhillsresearch.com
  2. Theodore R. O'Neill - LinkedInlinkedin.com
  3. Litchfield Hills Research report with rating system (2025)hillsresearch.com
  4. Litchfield Hills Research initiation with broker-dealer disclosures (2023)hillsresearch.com
  5. Litchfield Hills Research report on inTEST (2018)intestcorp.gcs-web.com
  6. Litchfield Hills Research update (February 2024)bolsasymercados.es