What does the ownership structure of Elys Game Technology, Corp. look like? (NASDAQ: ELYS)?
The large groups of shareholders of Elys Game Technology, Corp. (NASDAQ: ELYS) have power over the business. Institutions often own shares in larger companies, and we would expect insiders to own a noticeable percentage of smaller ones. Warren Buffett said he enjoys “a business with sustainable competitive advantages, led by skilled people and owner-centered.” So it’s nice to see some insider ownership as it may suggest that the management is owner-driven.
Elys Game Technology is not a big company by global standards. It has a market cap of US $ 119 million, which means it wouldn’t get the attention of many institutional investors. Our analysis of company ownership, below, shows that institutions do not own a lot of shares in the company. We can zoom in on the different ownership groups, to find out more about Elys Game Technology.
What does institutional ownership tell us about Elys gaming technology?
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 businesses to have some institutions listed, especially if they are growing.
Less than 5% of Elys Game Technology is held by institutional investors. This suggests that some funds have their sights set on the company, but many have yet to buy any shares. So if the business itself can improve over time, we may well see more institutional buyers in the future. Sometimes we see a rise in stock prices when a few large institutions want to buy a certain security at the same time. The earnings and income history, which you can see below, could be helpful in determining if more institutional investors will want the stock. Of course, there are also a lot of other factors to consider.
We note that hedge funds do not have a significant investment in Elys Game Technology. From our data, we deduce that the largest shareholder is Michele Ciavarella (who also holds the title of Secretary) with 21% of the shares outstanding. This is generally considered a good sign when insiders own a significant number of company shares, and in this case, we are happy to see a company insider playing the role of a key stakeholder. Gabriele Peroni is the second largest shareholder holding 3.8% of the common stock, and Victor Salerno owns around 3.7% of the shares of the company. Interestingly, the third largest shareholder, Victor Salerno, is also a member of the board of directors, again indicating strong insider ownership among the major shareholders of the company.
Our studies suggest that the top 25 shareholders collectively control less than half of the company’s shares, which means that the company’s shares are widely disseminated and there is no dominant shareholder.
While studying the institutional ownership of a company can add value to your research, it is also recommended that you research analyst recommendations to better understand the expected performance of a stock. There are a lot of analysts covering the stock, so you can look at expected growth quite easily.
Insider property of Elys gaming technology
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The management of the company is accountable to the board of directors and the board must represent the interests of the shareholders. Notably, sometimes senior executives themselves sit on the board of directors.
Insider ownership is positive when it indicates that executives think like the real owners of the company. However, strong insider ownership can also give immense power to a small group within the company. This can be negative in certain circumstances.
It appears that insiders own a significant share of Elys Game Technology, Corp .. Its market capitalization is only US $ 119 million, and insiders have US $ 44 million in shares in their name. I would say this shows alignment with shareholders, but it should be noted that the company is still quite small; some insiders may have founded the company. You can click here to see if these insiders bought or sold.
General public property
The general public collectively owns 59% of the shares of Elys Game Technology. This size of property gives mainstream investors some collective power. They can and probably do influence decisions about executive compensation, dividend policies and proposed business acquisitions.
While it is worth considering the different groups that own a business, there are other factors that are even more important. For example, we discovered 3 warning signs for Elys Game Technology which you should know before investing here.
Ultimately the future is the most important. You can access this free business analyst forecast report.
NB: The figures in this article are calculated from data for the last twelve months, which refer to the 12-month period ending on the last date of the month of date of the financial statement. This may not be consistent with the figures in the annual report for the entire year.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.
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