In This Article:
Key Insights
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The considerable ownership by private companies in Mainstreet Equity indicates that they collectively have a greater say in management and business strategy
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A total of 3 investors have a majority stake in the company with 52% ownership
Every investor in Mainstreet Equity Corp. (TSE:MEQ) should be aware of the most powerful shareholder groups. With 41% stake, private companies possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
As a result, private companies were the biggest beneficiaries of last week’s 4.8% gain.
Let's take a closer look to see what the different types of shareholders can tell us about Mainstreet Equity.
See our latest analysis for Mainstreet Equity
What Does The Institutional Ownership Tell Us About Mainstreet Equity?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
Mainstreet Equity already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Mainstreet Equity, (below). Of course, keep in mind that there are other factors to consider, too.
Mainstreet Equity is not owned by hedge funds. Our data shows that Pan Pacific Mercantile Group Inc. is the largest shareholder with 41% of shares outstanding. Navjeet Dhillon is the second largest shareholder owning 5.4% of common stock, and EdgePoint Investment Group Inc. holds about 5.3% of the company stock. Navjeet Dhillon, who is the second-largest shareholder, also happens to hold the title of Chief Executive Officer.
To make our study more interesting, we found that the top 3 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.
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 some analyst coverage of the stock, but it could still become more well known, with time.
Insider Ownership Of Mainstreet Equity
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.