Some stability appears to be returning to the Inland Northwest’s publicly traded companies after turbulence in the first half of the calendar year, as evidenced in an analysis by Spokane-based Hart Capital Management Inc.

The overall composite value of the eight companies increased 9.1% over Hart Capital’s third quarter to $11.7 billion, up from $10.7 billion in the second quarter, Hart Capital’s analysis shows.

The third-quarter composite value for 2020 was slightly higher than the year-earlier quarter for which the composite value was $11.1 billion, according to previous Hart reports.

Hart Capital tracks the eight publicly traded companies headquartered in the Inland Northwest with its composite and Inland Northwest Index.

Hart notes that this is the first quarter in which Kaspien Holdings Inc. has been included in the index. Kaspien Holdings, formerly Trans World Entertainment, moved its headquarters to Spokane Valley partway through the third quarter. Kaspien previously was etailz Inc., and the company rebranded in early September.

Spokane Valley-based Key Tronic Corp. maintained its lead in market capitalization growth rate with a gain of 85.8% in Hart Capital’s third quarter, compared with the second quarter in which Key Tronic saw a market capitalization gain of 82.1% from the previous quarter.

Market capitalization is the value of a publicly traded company’s share price multiplied by the number of its outstanding shares.

Coeur d’Alene-based Hecla Mining Co. retained its second-place position on the list, with a 55.4% increase in market capitalization.

Kaspien, the newest addition to the index, saw third-quarter market capitalization rise by 12.5%.

Spokane-based PotlatchDeltic Corp.’s third-quarter market capitalization rose by 10.7%. That’s a slower gain than the prior quarter’s market capitalization increase of 21.2%.

Spokane-based Clearwater Paper Corp., which was the lone company on the list to experience gains in the first quarter of 2020 due to frenetic demand for paper products, experienced a sharp decrease in market capitalization growth, from an increase of 65.7% in the second quarter to a 5% market capitalization increase in the third quarter.

In the most recent quarter, Spokane-based W.T.B. Financial Corp., the parent company of Washington Trust Bank, had the smallest quarterly rate of increase, of 0.4%.

Spokane-based Avista Corp.’s market capitalization continues to recede, with a third-quarter decline of 6.2%. Itron Inc. also saw a decrease in value of 8.3% in third-quarter market capitalization.

In terms of share price, Hecla Mining has seen the largest appreciation in price over the trailing 12 months, with a gain of 188.6%. Hart Capital attributes this to higher silver prices and higher production at the Lucky Friday mine in North Idaho, resulting in a significant influx in cash flow.