With 54% ownership, Dominion Lending Centres Inc. (TSE:DLCG) insiders have a lot riding on the company's future
50% of the business is held by the top 2 shareholders
Institutional ownership in Dominion Lending Centres is 22%
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A look at the shareholders of Dominion Lending Centres Inc. (TSE:DLCG) can tell us which group is most powerful. With 54% stake, individual insiders possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).
With such a notable stake in the company, insiders would be highly incentivised to make value accretive decisions.
In the chart below, we zoom in on the different ownership groups of Dominion Lending Centres.
View our latest analysis for Dominion Lending Centres
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.
As you can see, institutional investors have a fair amount of stake in Dominion Lending Centres. 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. 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 Dominion Lending Centres, (below). Of course, keep in mind that there are other factors to consider, too.
We note that hedge funds don't have a meaningful investment in Dominion Lending Centres. With a 26% stake, CEO Gary Mauris is the largest shareholder. In comparison, the second and third largest shareholders hold about 25% and 19% of the stock. Interestingly, the second-largest shareholder, Chris Kayat is also Top Key Executive, again, pointing towards strong insider ownership amongst the company's top shareholders.
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 50% 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. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
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 the majority of Dominion Lending Centres Inc.. This means they can collectively make decisions for the company. That means they own CA$366m worth of shares in the CA$677m company. That's quite meaningful. It is good to see this level of investment. You can check here to see if those insiders have been buying recently.
The general public-- including retail investors -- own 24% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
It's always worth thinking about the different groups who own shares in a company. But to understand Dominion Lending Centres better, we need to consider many other factors. To that end, you should learn about the 2 warning signs we've spotted with Dominion Lending Centres (including 1 which is potentially serious) .
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
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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- Bloomberg
Stock Movers: Tesla, CoreCivic, Stellantis
On this episode of Stock Movers: - Tesla (TSLA) shares are lower this morning after Elon Musk announced he's formed a new political party, the "America Party." The shares have already declined 22% this year as the CEO's politicking has hurt Tesla's standing with car buyers. Devoting resources and attention to a new political party runs counter to what Musk told Tesla investors during the company's last earnings, in April. - CoreCivic (CXW) shares are rallying on the passage of President Trump's signature tax bill. Shares in Geo Group (GEO) are also rallying in the premarket, with the bill adding billions of dollars for immigrant detention centers. Geo Group and CoreCivic are the two largest detention contractors. On Friday, Trump signed a sweeping budget bill that includes $45 billion for new immigration jails—part of $150 billion in new funding to carry out his immigration and border-control agenda. - Stellantis (STLA) is sliding this morning as Bank of America cuts the automaker to neutral from buy, with the broker expecting to see a 'very weak' first-half report on July 29. While the US appears strong, Stellantis's positioning in Europe looks bad, BofA says. Analyst Horst Schneider says that while Stellantis shares have fallen around 30% year to date and more than 50% since last summer's capital markets day, it is 'too early for 'bottom-fishing,'' - MGM Resorts International (MGM) is lower after Goldman Sachs initiates coverage of MGM Resorts International with a recommendation of sell due to a volatile Las Vegas market, while Caesars Entertainment gets a buy rating. MGM has high-sensitivity to a 'choppy' Las Vegas market and is the most macro-sensitive among Goldman's casino coverage, the bank writes in a note
