Private companies in Columbus Energy S.A. (WSE:CLC) are its biggest bettors, and their bets paid off as stock gained 20% last week
Key Insights
- Columbus Energy's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
- The top 2 shareholders own 60% of the company
- Insider ownership in Columbus Energy is 29%
A look at the shareholders of Columbus Energy S.A. (WSE:CLC) can tell us which group is most powerful. We can see that private companies own the lion's share in the company with 40% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
As a result, private companies were the biggest beneficiaries of last week’s 20% gain.
Let's take a closer look to see what the different types of shareholders can tell us about Columbus Energy.
View our latest analysis for Columbus Energy
What Does The Lack Of Institutional Ownership Tell Us About Columbus Energy?
We don't tend to see institutional investors holding stock of companies that are very risky, thinly traded, or very small. Though we do sometimes see large companies without institutions on the register, it's not particularly common.
There could be various reasons why no institutions own shares in a company. Typically, small, newly listed companies don't attract much attention from fund managers, because it would not be possible for large fund managers to build a meaningful position in the company. It is also possible that fund managers don't own the stock because they aren't convinced it will perform well. Columbus Energy might not have the sort of past performance institutions are looking for, or perhaps they simply have not studied the business closely.
Columbus Energy is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Gemstone S.A. with 40% of shares outstanding. In comparison, the second and third largest shareholders hold about 20% and 6.9% of the stock.
A more detailed study of the shareholder registry showed us that 2 of the top shareholders have a considerable amount of ownership in the company, via their 60% stake.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known.
Insider Ownership Of Columbus Energy
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.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our information suggests that insiders maintain a significant holding in Columbus Energy S.A.. Insiders own zł113m worth of shares in the zł387m company. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling.
General Public Ownership
The general public-- including retail investors -- own 30% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Private Company Ownership
We can see that Private Companies own 40%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Columbus Energy better, we need to consider many other factors. To that end, you should learn about the 3 warning signs we've spotted with Columbus Energy (including 1 which doesn't sit too well with us) .
Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies.
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.
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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.