NORTHCOAST RESEARCH PARTNERS - Key Persons
Aaron joined Northcoast Research in January 2022 as a Senior Research Associate under Chuck Cerankosky
and he is now an Analyst covering the aftermarket automotive retail sector. Aaron has passed Levels 1 and 2
of the CFA exams and is currently working toward completion of Level 3 in order to obtain his charter.
Previous to joining Northcost Research Aaron was a license retail banker for both at PNC Bank and 5/3rd
Job Titles:
- Managing Director, Research
Jim Sanderson has over fifteen years of experience covering the restaurant industry. From 2016-2018, Jim was Managing Director and Research Analyst at Arthur W. Wood Company Inc. where he led the consumer research team that focused on consumer staples and consumer discretionary sectors. From 2009 to 2016, Jim served as Managing Director and Consumer Analyst at Detwiler Fenton, covering food retail, restaurants, and CPG companies. Prior to joining Detwiler Fenton, Jim was the Chief Operating Officer and Managing Partner of Farmhouse Equity Research, LLC, a company focused on compiling proprietary supply-chain and survey research to evaluate company fundamentals across consumer, agro-industrial, healthcare, aerospace and alternative energy.
Jim's research has been quoted in leading financial outlets, including Bloomberg, Barron's, The Wall Street Journal, Reuters, Newsday, the Nikkei, The Street, and Yahoo Finance. He has been featured on CNBC, providing commentary on stocks across consumer sectors, including restaurants, coffee, grocery retail and consumer packaged goods.
Jim earned a Bachelor of Arts in Russian Studies from the University of Chicago and a Master of Business Administration in Finance and Economics from the Booth School of Business at the University of Chicago. He holds his FINRA Series 7, 24, 86, and 87 licenses.
Job Titles:
- Managing Director, Equity Research Analyst
John joined Northcoast Research in May 2009 as Managing Director and Equity Research Analyst. Prior to joining Northcoast Research, John was an Associate and Senior Analyst at FTN Midwest Securities from 2003-2009. At Northcoast, he and his team have developed an extensive network of industry contacts to draw from, including private automotive and equipment rental operators, equipment auction operators and auto auction operators, automotive and powersport dealers and live event venue operators. Additionally, John has developed a proprietary Weekly Car Rental Pricing Monitor, Monthly Accident Monitor, Monthly Concert/Venue/Ticketing Survey, Monthly Auto Auction and Powersport Dealer Sentiment Index.
John has been recognized by StarMine in 2011, 2013, 2014 and 2015 as a top 3 stock picker and earnings estimator nationally for both the Professional Services and Commercial Services & Supplies sectors. Most recently, John was recognized by Institutional Investor in 2023 as a runner-up for All-American Research Consumer Team status of Best Independent Research firms. In addition to providing proprietary equity research and custom research data to institutional investors, John has been quoted, and has had his work cited, by The Wall Street Journal, Barron's, Bloomberg, CNBC, Reuters, USA Today, and numerous industry trade publications.
John has been recognized by StarMine in 2011, 2013, 2014 and 2015 as a top 3 stock picker and earnings estimator nationally for both the Professional Services and Commercial Services & Supplies sectors.
Job Titles:
- Director of Research
- Executive Managing Director
Kartik joined Northcoast Research in May 2009 as a Principal, Executive Managing Director, Director of Research and Equity Research Analyst covering the Business Services sector, with specific emphasis on ATM, Bank Processing, Merchant Acquiring, Money Transfer, Postage Industry, Payroll Processing and Tax Preparation companies. Prior to joining Northcoast Research, Kartik was a Managing Director and Senior Analyst at FTN Midwest since 1998-2009. Prior to becoming a sell-side analyst Kartik worked for the State of Ohio as a savings and loan and bank examiner for ten years from 1988-1998. During his tenure with the State of Ohio, Kartik developed a significant number of banking contacts and a specialized knowledge base that has provided him invaluable insight into his covered companies for the past 16 years.
Kartik and his team have cultivated an extensive network of proprietary industry contacts, including current and former high-level members of senior management at a number of covered and uncovered companies, private payroll processing company executives, international merchant acquiring executives, bank processing consultants, private mobile and internet banking providers, point-of-sale VARS, postage meter dealers, public company tax preparation franchisees, intendent tax preparers, and private money transfer executives. In addition to providing proprietary equity research and custom research data to institutional investors, Kartik has partnered with a number of industry trade groups to conduct proprietary research and present key conclusions to members. Kartik also presents to private and public companies regarding the current competitive environment and industry outlook for their respective industries.
Job Titles:
- Executive Managing Director
- President
Job Titles:
- Director of Sales
- Managing Director
Job Titles:
- Equity Research Analyst
- Managing Director and Senior Analyst Following the Water and Agriculture Sectors
Ryan Connors joined Northcoast Research in June 2022 as Managing Director and Senior Analyst following the Water and Agriculture sectors. Prior to joining Northcoast, Ryan was a Managing Director at Boenning & Scattergood from 2014 through 2022, where he also served as the firm's Director of Research from 2019-2022. Previously, Ryan was Managing Director of Water & Agriculture research at Janney Montgomery Scott from 2010-2014, and a Senior Analyst following the Water sector at Boenning & Scattergood from 2006-2010.
Earlier in his career, he held buy-side research positions with PNC Advisors, where he covered industrials and basic materials, and ProShare Advisors, where he was responsible for fixed income research and trading. Ryan has won numerous analyst awards for stock picking and estimate accuracy, including being named the #2 stock picker in the Machinery sector for 2019 by Reuters/Refinitiv. His work has been cited by the Wall Street Journal, Financial Times, and Investors' Business Daily, and he has served as a live guest on CNBC and Bloomberg Television. Ryan earned a Bachelor of Science degree in Finance from Saint Joseph's University and a Master of Business Administration degree from Georgetown University. He holds the FINRA Series 7, 24, 63, 66, 86, and 87 licenses.
Thompson Reuters/Refinitiv recognized Ryan as the #2 Stock Picker in the Machinery sector for 2019.
Job Titles:
- Chief Financial Officer
- Executive Managing Director