In This Article:
Key Insights
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Significant control over Keg Royalties Income Fund by retail investors implies that the general public has more power to influence management and governance-related decisions
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A total of 4 investors have a majority stake in the company with 15% ownership
If you want to know who really controls The Keg Royalties Income Fund (TSE:KEG.UN), 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 85% to be precise, is retail investors. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
Meanwhile, institutions make up 15% of the company’s shareholders. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies.
Let's take a closer look to see what the different types of shareholders can tell us about Keg Royalties Income Fund.
View our latest analysis for Keg Royalties Income Fund
What Does The Institutional Ownership Tell Us About Keg Royalties Income Fund?
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.
Keg Royalties Income Fund 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. 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 Keg Royalties Income Fund's earnings history below. Of course, the future is what really matters.
We note that hedge funds don't have a meaningful investment in Keg Royalties Income Fund. Looking at our data, we can see that the largest shareholder is 1832 Asset Management L.P. with 15% of shares outstanding. For context, the second largest shareholder holds about 0.08% of the shares outstanding, followed by an ownership of 0.02% by the third-largest shareholder. Christopher Woodward, who is the second-largest shareholder, also happens to hold the title of Secretary.
On studying our ownership data, we found that 4 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.
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. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.