Equity Research Analyst

Equity Research Analyst Company: Aristides Capital

Location:
Louisville, Kentucky Work Setting: Primarily In-Person Compensation: $150,000–$180,000+ About Aristides Capital Aristides Capital is a Louisville-based long/short equity hedge fund managing approximately $500 million in assets. Founded in 2008, the firm has built a strong long-term investment track record while maintaining a small, collaborative team and an investment approach that blends fundamental research with quantitatively informed strategies. Rather than operating under a traditional pod structure, Aristides takes a flexible, collaborative approach to investing. The team invests across a wide range of opportunities, from fundamental long and short equity ideas to quantitative strategies, and analysts are encouraged to explore new areas where they can create value. The firm has six investment professionals within an 11-person organization and is intentionally structured to allow analysts meaningful access to portfolio managers, investment decisions, and the portfolio itself.

About the Role
Aristides Capital is seeking a smart, curious, and self-motivated Equity Research Analyst to join its investment team. This is an opportunity for an investor who wants more ownership and flexibility than a traditional large-firm coverage model may provide. Analysts at Aristides are not limited to a fixed list of companies or a narrow investment mandate. Instead, they are encouraged to bring their existing expertise to the firm, learn Aristides' investment process, and expand into new sectors, strategies, and market opportunities over time. The ideal candidate will bring strong investment judgment, financial analysis skills, intellectual curiosity, and a genuine passion for public markets. Prior buy-side experience is strongly preferred, although candidates coming from other rigorous investment or finance environments may also be considered. You will work directly with the firm's portfolio managers and other analysts to research existing positions, generate new long and short ideas, evaluate companies, monitor news and earnings, meet with management teams, and contribute directly to investment decisions. Because Aristides operates with a lean investment team, strong research can move quickly from an initial idea into the portfolio.

What You'll Do
Generate and evaluate new long and short equity investment ideas. Conduct detailed fundamental research on public companies across a variety of sectors and market capitalizations. Monitor existing portfolio positions and provide timely updates on company-specific developments, earnings, industry trends, and changing investment theses. Review earnings releases, SEC filings, financial statements, footnotes, conference calls, and other primary-source materials. Build financial and valuation models when appropriate to support an investment thesis. Develop differentiated views from market consensus and clearly communicate the reasoning behind those views. Prepare written investment research and stock recommendations. Present and defend investment ideas to portfolio managers and other members of the investment team. Participate in the firm's daily investment discussions and communicate relevant market and company news. Attend investor conferences and meet directly with public-company management teams. Evaluate information from management meetings and identify details that may materially impact an investment thesis. Collaborate with portfolio managers and analysts across strategies rather than working within a rigid coverage structure. Contribute to proprietary research tools, datasets, screening processes, quantitative strategies, and other projects when relevant to your background and interests. Continuously generate new ideas, learn from rejected theses, and refine research based on feedback and new information. Qualifications Required Bachelor's degree or equivalent experience. Approximately 2–7 years of post-collegiate professional experience in an investment-related environment. Experience in equity research, investment management, hedge funds, investment banking, private equity, or another highly analytical finance setting. Strong understanding of financial statements, accounting concepts, and company fundamentals. Ability to evaluate public companies and identify the most relevant information within financial filings, earnings reports, and management commentary. Strong analytical and critical-thinking skills. Genuine interest in financial markets and investing. Intellectual curiosity and a willingness to explore unfamiliar companies, industries, and investment strategies. Ability to independently manage research projects and follow ideas through from initial discovery to conclusion. Strong written and verbal communication skills. Ability to thoughtfully defend an investment thesis while remaining open to opposing viewpoints and new information. High standards of ethics, integrity, accuracy, and attent