While insiders own 22% of Scandinavian Astor Group AB (publ) (FRA:Y73), retail investors are its largest shareholders with 52% ownership
The considerable ownership by retail investors in Scandinavian Astor Group indicates that they collectively have a greater say in management and business strategy
The top 21 shareholders own 41% of the company
Insider ownership in Scandinavian Astor Group is 22%
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To get a sense of who is truly in control of Scandinavian Astor Group AB (publ) (FRA:Y73), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are retail investors with 52% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
Meanwhile, individual insiders make up 22% of the company's shareholders. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones.
Let's delve deeper into each type of owner of Scandinavian Astor Group, beginning with the chart below.
Check out our latest analysis for Scandinavian Astor Group
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.
As you can see, institutional investors have a fair amount of stake in Scandinavian Astor Group. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. 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 Scandinavian Astor Group's earnings history below. Of course, the future is what really matters.
Hedge funds don't have many shares in Scandinavian Astor Group. Looking at our data, we can see that the largest shareholder is Nordnet Pensionsförsäkring Ab, Asset Management Arm with 11% of shares outstanding. For context, the second largest shareholder holds about 6.3% of the shares outstanding, followed by an ownership of 5.7% by the third-largest shareholder.
Our studies suggest that the top 21 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. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
Our most recent data indicates that insiders own a reasonable proportion of Scandinavian Astor Group AB (publ). Insiders own €30m worth of shares in the €140m company. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently.
The general public -- including retail investors -- own 52% of Scandinavian Astor Group. This level of ownership gives investors from the wider public some power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio.
It's always worth thinking about the different groups who own shares in a company. But to understand Scandinavian Astor Group better, we need to consider many other factors. Take risks for example - Scandinavian Astor Group has 2 warning signs (and 1 which is potentially serious) we think you should know about.
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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