Key Insights
-
Insiders appear to have a vested interest in Coastal Contracts Bhd's growth, as seen by their sizeable ownership
-
A total of 3 investors have a majority stake in the company with 50% ownership
A look at the shareholders of Coastal Contracts Bhd (KLSE:COASTAL) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are individual insiders with 34% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
So it follows, every decision made by insiders of Coastal Contracts Bhd regarding the company's future would be crucial to them.
Let's delve deeper into each type of owner of Coastal Contracts Bhd, beginning with the chart below.
See our latest analysis for Coastal Contracts Bhd
What Does The Institutional Ownership Tell Us About Coastal Contracts Bhd?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
Coastal Contracts Bhd already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Coastal Contracts Bhd's earnings history below. Of course, the future is what really matters.
Coastal Contracts Bhd is not owned by hedge funds. Our data shows that Ivory Asia Sdn. Bhd is the largest shareholder with 28% of shares outstanding. For context, the second largest shareholder holds about 12% of the shares outstanding, followed by an ownership of 9.7% by the third-largest shareholder.
After doing some more digging, we found that the top 3 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.
Insider Ownership Of Coastal Contracts Bhd
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.