If you want to know who really controls Tidewater Renewables Ltd. (TSE:LCFS), 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 69% to be precise, is public companies. Put another way, the group faces the maximum upside potential (or downside risk).
Meanwhile, individual investors make up 23% of the company’s shareholders.
Let's delve deeper into each type of owner of Tidewater Renewables, beginning with the chart below.
Check out our latest analysis for Tidewater Renewables
What Does The Institutional Ownership Tell Us About Tidewater Renewables?
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.
As you can see, institutional investors have a fair amount of stake in Tidewater Renewables. 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 Tidewater Renewables, (below). Of course, keep in mind that there are other factors to consider, too.
Hedge funds don't have many shares in Tidewater Renewables. The company's largest shareholder is Tidewater Midstream and Infrastructure Ltd., with ownership of 69%. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. For context, the second largest shareholder holds about 2.6% of the shares outstanding, followed by an ownership of 2.3% by the third-largest shareholder.
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 are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
Insider Ownership Of Tidewater Renewables
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. 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.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.