Private companies own 30% of Imperial Petroleum Inc. (NASDAQ:IMPP) shares but individual investors control 57% of the company
In This Article:
Key Insights
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Significant control over Imperial Petroleum by individual investors implies that the general public has more power to influence management and governance-related decisions
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The top 25 shareholders own 43% of the company
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Ownership research, combined with past performance data can help provide a good understanding of opportunities in a stock
A look at the shareholders of Imperial Petroleum Inc. (NASDAQ:IMPP) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are individual investors with 57% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Meanwhile, private companies make up 30% of the company’s shareholders.
In the chart below, we zoom in on the different ownership groups of Imperial Petroleum.
View our latest analysis for Imperial Petroleum
What Does The Institutional Ownership Tell Us About Imperial Petroleum?
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.
Imperial Petroleum 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. 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 Imperial Petroleum, (below). Of course, keep in mind that there are other factors to consider, too.
Imperial Petroleum is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Flawless Management,Inc with 22% of shares outstanding. With 8.4% and 4.0% of the shares outstanding respectively, Arethusa Properties Ltd. and Harry Vafias are the second and third largest shareholders. Harry Vafias, who is the third-largest shareholder, also happens to hold the title of Member of the Board of Directors.
A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.
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. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known.