内容摘要：A look at the shareholders of Mariner Corporation Limited (ASX:MCX) can tell us which group is most new paltz ny craft fair

A look at the shareholders of Mariner Corporation Limited (

ASX:MCX

) can tell us which group is new paltz ny craft fairmost powerful. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. I quite like to see at least a little bit of insider ownership. As Charlie Munger said ‘Show me the incentive and I will show you the outcome.’

Mariner is a smaller company with a market capitalization of AU$343k, so it may still be flying under the radar of many institutional investors. In the chart below below, we can see that institutions don’t own shares in the company. We can zoom in on the different ownership groups, to learn more about MCX.

View our latest analysis for Mariner

ASX:MCX Ownership Summary January 3rd 19

What Does The Lack Of Institutional Ownership Tell Us About Mariner?

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

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. Mariner’s earnings and revenue track record (below) may not be compelling to institutional investors — or they simply might not have looked at the business closely.

ASX:MCX Income Statement Export January 3rd 19

We note that hedge funds don’t have a meaningful investment in Mariner. Our information suggests that there isn’t any analyst coverage of the stock, so it is probably little known.

Insider Ownership Of Mariner

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 most recent data indicates that insiders own a reasonable proportion of Mariner Corporation Limited. Insiders have a AU$75k stake in this AU$343k business. It is great to see insiders so invested in the business. It might be worth checking

if those insiders have been buying recently.

Story continues

General Public Ownership

The general public, with a 14% stake in the company, will not 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 64%, of the shares on issue. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

Next Steps:

It’s always worth thinking about the different groups who own shares in a company. But to understand Mariner better, we need to consider many other factors.

Many find it useful

to take an in depth look at how a company has performed in the past. You can access

this

detailed graph

of past earnings, revenue and cash flow

.

Of course

this may not be the best stock to buy

. Therefore, you may wish to see our

free

collection of interesting prospects boasting favorable financials.

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.

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at

[email protected]

.

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