With 50% ownership of the shares, Quipt Home Medical Corp. (TSE:QIPT) is heavily dominated by institutional owners
Key Insights
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Given the large stake in the stock by institutions, Quipt Home Medical's stock price might be vulnerable to their trading decisions
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A total of 25 investors have a majority stake in the company with 47% ownership
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Insiders have sold recently
If you want to know who really controls Quipt Home Medical Corp. (TSE:QIPT), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 50% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.
Let's delve deeper into each type of owner of Quipt Home Medical, beginning with the chart below.
View our latest analysis for Quipt Home Medical
What Does The Institutional Ownership Tell Us About Quipt Home Medical?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
We can see that Quipt Home Medical does have institutional investors; and they hold a good portion of the company's stock. 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. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Quipt Home Medical's earnings history below. Of course, the future is what really matters.
Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. We note that hedge funds don't have a meaningful investment in Quipt Home Medical. Claret Asset Management Corp is currently the largest shareholder, with 10% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 4.7% and 3.6%, of the shares outstanding, respectively. Gregory Crawford, who is the third-largest shareholder, also happens to hold the title of Chairman of the Board.
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.