Key Insights

• The considerable ownership by retail investors in Spartan Delta indicates that they collectively have a greater say in management and business strategy

• A total of 25 investors have a majority stake in the company with 36% ownership

• 13% of Spartan Delta is held by insiders

Every investor in Spartan Delta Corp. (TSE:SDE) should be aware of the most powerful shareholder groups. With 63% stake, retail investors possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

And hedge funds on the other hand have a 20% ownership in the company.

Let's delve deeper into each type of owner of Spartan Delta, beginning with the chart below.

See our latest analysis for Spartan Delta

What Does The Institutional Ownership Tell Us About Spartan Delta?

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.

Less than 5% of Spartan Delta is held by institutional investors. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. If the company is growing earnings, that may indicate that it is just beginning to catch the attention of these deep-pocketed investors. It is not uncommon to see a big share price rise if multiple institutional investors are trying to buy into a stock at the same time. So check out the historic earnings trajectory, below, but keep in mind it's the future that counts most.

Our data indicates that hedge funds own 20% of Spartan Delta. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. The company's largest shareholder is GMT Capital Corp., with ownership of 20%. Fotis Kalantzis is the second largest shareholder owning 4.2% of common stock, and Richard McHardy holds about 3.9% of the company stock. Note that the second and third-largest shareholders are also Chief Executive Officer and Chairman of the Board, respectively, meaning that the company's top shareholders are insiders.

Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.

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 some analyst coverage of the stock, but it could still become more well known, with time.