In This Article:
Key Insights
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Significant insider control over Briscoe Group implies vested interests in company growth
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Rodney Duke owns 77% of the company
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Past performance of a company along with ownership data serve to give a strong idea about prospects for a business
If you want to know who really controls Briscoe Group Limited (NZSE:BGP), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 81% to be precise, is individual insiders. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
So, insiders of Briscoe Group have a lot at stake and every decision they make on the company’s future is important to them from a financial point of view.
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?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
Institutions have a very small stake in Briscoe Group. That indicates that the company is on the radar of some funds, but it isn't particularly popular with professional investors at the moment. If the business gets stronger from here, we could see a situation where more institutions are keen to buy. It is not uncommon to see a big share price rise if multiple institutional investors are trying to buy into a stock at the same time. So check out the historic earnings trajectory, below, but keep in mind it's the future that counts most.
Hedge funds don't have many shares in Briscoe Group. Looking at our data, we can see that the largest shareholder is the CEO Rodney Duke with 77% of shares outstanding. This essentially means that they have significant control over the outcome or future of the company, which is why insider ownership is usually looked upon favourably by prospective buyers. 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 it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.