State or government who hold 41% of Jadranski naftovod d.d. (ZGSE:JNAF) gained 5.9%, institutions profited as well

Key Insights

• The considerable ownership by state or government in Jadranski naftovod d.d indicates that they collectively have a greater say in management and business strategy
• A total of 2 investors have a majority stake in the company with 64% ownership
• Institutions own 40% of Jadranski naftovod d.d

Every investor in Jadranski naftovod d.d. (ZGSE:JNAF) should be aware of the most powerful shareholder groups. We can see that state or government own the lion's share in the company with 41% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

Following a 5.9% increase in the stock price last week, state or government profited the most, but institutions who own 40% stock also stood to gain from the increase.

In the chart below, we zoom in on the different ownership groups of Jadranski naftovod d.d.

Check out our latest analysis for Jadranski naftovod d.d

What Does The Institutional Ownership Tell Us About Jadranski naftovod d.d?

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 Jadranski naftovod d.d. 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 Jadranski naftovod d.d's earnings history below. Of course, the future is what really matters.

Hedge funds don't have many shares in Jadranski naftovod d.d. Our data shows that Croatian State Pension Fund is the largest shareholder with 37% of shares outstanding. With 26% and 15% of the shares outstanding respectively, Restructuring and Sale Center and Croatia are the second and third largest shareholders.

To make our study more interesting, we found that the top 2 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.

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. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.

Insider Ownership Of Jadranski naftovod d.d

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

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 data cannot confirm that board members are holding shares personally. Given we are not picking up on insider ownership, we may have missing data. Therefore, it would be interesting to assess the CEO compensation and tenure, here.

General Public Ownership

The general public, who are usually individual investors, hold a 13% stake in Jadranski naftovod d.d. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

It seems that Private Companies own 5.5%, of the Jadranski naftovod d.d stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. To that end, you should learn about the 2 warning signs we've spotted with Jadranski naftovod d.d (including 1 which shouldn't be ignored) .

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this 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.