Massimo Candela F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.'s (BIT:FILA) CEO is the most bullish insider, and their stock value gained 10%last week

Key Insights

• Insiders appear to have a vested interest in F.I.L.A. - Fabbrica Italiana Lapis ed Affini's growth, as seen by their sizeable ownership
• The top 4 shareholders own 51% of the company
• 30% of F.I.L.A. - Fabbrica Italiana Lapis ed Affini is held by Institutions

If you want to know who really controls F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. (BIT:FILA), then you'll have to look at the makeup of its share registry. With 39% stake, individual insiders possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

As a result, insiders scored the highest last week as the company hit €495m market cap following a 10% gain in the stock.

Let's take a closer look to see what the different types of shareholders can tell us about F.I.L.A. - Fabbrica Italiana Lapis ed Affini.

See our latest analysis for F.I.L.A. - Fabbrica Italiana Lapis ed Affini

What Does The Institutional Ownership Tell Us About F.I.L.A. - Fabbrica Italiana Lapis ed Affini?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

F.I.L.A. - Fabbrica Italiana Lapis ed Affini already has institutions on the share registry. Indeed, they own a respectable stake in the company. 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. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see F.I.L.A. - Fabbrica Italiana Lapis ed Affini's historic earnings and revenue below, but keep in mind there's always more to the story.

We note that hedge funds don't have a meaningful investment in F.I.L.A. - Fabbrica Italiana Lapis ed Affini. Looking at our data, we can see that the largest shareholder is the CEO Massimo Candela with 39% of shares outstanding. Mediolanum Gestione Fondi SGR PA is the second largest shareholder owning 4.2% of common stock, and Lazard Frères Gestion SAS holds about 4.1% of the company stock.

On looking further, we found that 51% of the shares are owned by the top 4 shareholders. In other words, these shareholders have a meaningful say in the decisions of the company.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of F.I.L.A. - Fabbrica Italiana Lapis ed Affini

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. 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 information suggests that insiders maintain a significant holding in F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.. Insiders own €193m worth of shares in the €495m company. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently.

General Public Ownership

With a 31% ownership, the general public, mostly comprising of individual investors, have some degree of sway over F.I.L.A. - Fabbrica Italiana Lapis ed Affini. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Be aware that F.I.L.A. - Fabbrica Italiana Lapis ed Affini is showing 3 warning signs in our investment analysis , and 1 of those is concerning...

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.

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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.