The Keg Royalties Income Fund's (TSE:KEG.UN) top owners are individual investors with 85% stake, while 15% is held by institutions
In This Article:
Key Insights
-
Keg Royalties Income Fund's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public
-
15% of the business is held by the top 5 shareholders
Every investor in The Keg Royalties Income Fund (TSE:KEG.UN) should be aware of the most powerful shareholder groups. We can see that individual investors own the lion's share in the company with 85% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
Institutions, on the other hand, account for 15% of the company's stockholders. 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 delve deeper into each type of owner of Keg Royalties Income Fund, beginning with the chart below.
View our latest analysis for Keg Royalties Income Fund
What Does The Institutional Ownership Tell Us About Keg Royalties Income Fund?
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.
Keg Royalties Income Fund already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Keg Royalties Income Fund's historic earnings and revenue below, but keep in mind there's always more to the story.
Hedge funds don't have many shares in Keg Royalties Income Fund. Our data shows that 1832 Asset Management L.P. is the largest shareholder with 15% of shares outstanding. Timelo Investment Management Inc. is the second largest shareholder owning 0.1% of common stock, and Christopher Woodward holds about 0.08% of the company stock. Christopher Woodward, who is the third-largest shareholder, also happens to hold the title of Chairman of the Board.
On studying our ownership data, we found that 5 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.