the mean (median) local ownership is small compared to the mean (median) nonlocal ownership, at 3.8% (3.8%) and 35.3% (32.6%), respectively. The mean one-quarter-ahead stock return is 3.7%, with a median of 2.7%. The mean and median market-to-book ratios are about 2.7. The mean (median) market capitalization is $2.8 billion ($2.6 billion). Return volatility has a mean (median) of 13.2% (12.6%).