In This Article:
Key Insights
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Briscoe Group's significant insider ownership suggests inherent interests in company's expansion
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The largest shareholder of the company is Rodney Duke with a 77% stake
A look at the shareholders of Briscoe Group Limited (NZSE:BGP) can tell us which group is most powerful. With 81% stake, individual insiders possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
And looking at our data, we can see that insiders have bought shares recently. This could signal that stock prices could go up and insiders are here for it.
In the chart below, we zoom in on the different ownership groups of Briscoe Group.
View our latest analysis for Briscoe Group
What Does The Institutional Ownership Tell Us About Briscoe Group?
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.
Less than 5% of Briscoe Group is held by institutional investors. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. If the business gets stronger from here, we could see a situation where more institutions are keen to buy. We sometimes see a rising share price when a few big institutions want to buy a certain stock at the same time. The history of earnings and revenue, which you can see below, could be helpful in considering if more institutional investors will want the stock. Of course, there are plenty of other factors to consider, too.
We note that hedge funds don't have a meaningful investment in Briscoe Group. The company's CEO Rodney Duke is the largest shareholder with 77% of shares outstanding. With such a huge stake, we infer that they have significant control of the future of the company. It's usually considered a good sign when insiders own a significant number of shares in the company, and in this case, we're glad to see a company insider with such skin in the game. The second and third largest shareholders are Gerald Harvey and Harvey Norman Properties (NZ) Ltd, with an equal amount of shares to their name at 2.4%.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.