The Los Angeles Business Journal’s index of largest local public companies edged up only slightly for the week ended March 4 as economic concerns over high gas prices slowed gains by local stocks.
The weighted LABJ index closed up nine tenths of a percent to 124.66, with gainers outpacing decliners 104 to 66.
The top stock was Crown Media Holdings Inc., which rose 18 percent to $2.71 after the Studio City operator of the Hallmark Channel and the Hallmark Movie Channel reported good fourth quarter earnings on higher ratings and advertising sales.
True Religion Apparel Inc. gained 11 percent to $23.40 after the Vernon designer denim company reported fourth quarter earnings that exceeded expectations.
Vitesse Semiconductor Corp. ended the week up 7 percent to $5.35 after the Camarillo maker of networking components returned to the Nasdaq stock exchange following a five-year absence.
Among the largest decliners was Green Dot Corp., which fell nearly 12 percent to $47.40 after the Monrovia prepaid debit card company disclosed in its 10k report that it’s having trouble collecting fees assessed to overdrawn accounts.
Farmer Bros. Co. was down 8 percent to $11.86 after the Torrance coffee roaster and provider of office delivery services announced price increases for its coffee, beverage and other products.
CyberDefender Corp. fell 7 percent to $2.02 after the Los Angeles Internet security software maker reported a larger fourth quarter loss it blamed on increased product development and expansion costs.