Key Insights

• The considerable ownership by individual investors in Richards Packaging Income Fund indicates that they collectively have a greater say in management and business strategy

• 50% of the business is held by the top 7 shareholders

• Insiders have bought recently

If you want to know who really controls Richards Packaging Income Fund (TSE:RPI.UN), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are individual investors with 45% ownership. Put another way, the group faces the maximum upside potential (or downside risk).

Institutions, on the other hand, account for 29% of the company's stockholders. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies.

In the chart below, we zoom in on the different ownership groups of Richards Packaging Income Fund.

Check out our latest analysis for Richards Packaging Income Fund

What Does The Institutional Ownership Tell Us About Richards Packaging Income Fund?

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.

As you can see, institutional investors have a fair amount of stake in Richards Packaging Income Fund. 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 Richards Packaging Income Fund, (below). Of course, keep in mind that there are other factors to consider, too.

Hedge funds don't have many shares in Richards Packaging Income Fund. Our data shows that Gerard Glynn is the largest shareholder with 20% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 12% and 5.4%, of the shares outstanding, respectively.

We also observed that the top 7 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent.

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.

Insider Ownership Of Richards Packaging Income Fund

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.