I Grandi Viaggi S.p.A. (BIT:IGV) adds €9.5m in market cap and insiders have a 63% stake in that gain

Key Insights

• Insiders appear to have a vested interest in I Grandi Viaggi's growth, as seen by their sizeable ownership
• 56% of the company is held by a single shareholder (Ida Reghini)
• Past performance of a company along with ownership data serve to give a strong idea about prospects for a business

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To get a sense of who is truly in control of I Grandi Viaggi S.p.A. (BIT:IGV), it is important to understand the ownership structure of the business. With 63% 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.

Clearly, insiders benefitted the most after the company's market cap rose by €9.5m last week.

Let's take a closer look to see what the different types of shareholders can tell us about I Grandi Viaggi.

See our latest analysis for I Grandi Viaggi

What Does The Lack Of Institutional Ownership Tell Us About I Grandi Viaggi?

Small companies that are not very actively traded often lack institutional investors, but it's less common to see large companies without them.

There are multiple explanations for why institutions don't own a stock. The most common is that the company is too small relative to funds under management, so the institution does not bother to look closely at the company. Alternatively, there might be something about the company that has kept institutional investors away. I Grandi Viaggi might not have the sort of past performance institutions are looking for, or perhaps they simply have not studied the business closely.

Hedge funds don't have many shares in I Grandi Viaggi. Looking at our data, we can see that the largest shareholder is Ida Reghini with 56% of shares outstanding. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. With 7.3% and 0.2% of the shares outstanding respectively, MAURIZIO MARESCA and Anima SGR S.p.A. are the second and third largest shareholders.

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. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.

Insider Ownership Of I Grandi Viaggi

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. 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.

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

Our information suggests that insiders own more than half of I Grandi Viaggi S.p.A.. This gives them effective control of the company. That means they own €59m worth of shares in the €93m company. That's quite meaningful. Most would argue this is a positive, showing strong alignment with shareholders. You can click here to see if those insiders have been buying or selling.

General Public Ownership

With a 37% ownership, the general public, mostly comprising of individual investors, have some degree of sway over I Grandi Viaggi. 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.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand I Grandi Viaggi better, we need to consider many other factors. For instance, we've identified 2 warning signs for I Grandi Viaggi that you should be aware of.

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.