Updated Info from SimplyWallstreethttps://simplywall.st/stocks/ca/pharmaceuticals-biotech/cse-spr/sproutly-canada-shares/news/do-insiders-own-lots-of-shares-in-sproutly-canada-inc-csespr/
Institutional Ownership:
Sproutly Canada already has institutions on the share registry. Indeed, they own 9.3% of the company. This suggests some credibility amongst professional investors. But we can’t rely on that fact alone, since institutions make bad investments sometimes, just like everyone does. 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 Sproutly Canada, (below). Of course, keep in mind that there are other factors to consider, too. Hedge funds don’t have many shares in Sproutly Canada. Infusion Biosciences Canada Inc. is currently the company’s largest shareholder with 16% of shares outstanding. With 16% and 9.3% of the shares outstanding respectively, Infusion Biosciences Inc. and Bray Limited Partnership., Asset Management Arm are the second and third largest shareholders.
Additionally, we found that 52% of the shares are owned by the top 5 shareholders. In other words, these shareholders have a meaningful say in the decisions of the company.
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. Our information suggests that there isn’t any analyst coverage of the stock, so it is probably little known.
INSIDER OWNERSHIP
Hedge funds don’t have many shares in Sproutly Canada. Infusion Biosciences Canada Inc. is currently the company’s largest shareholder with 16% of shares outstanding. With 16% and 9.3% of the shares outstanding respectively, Infusion Biosciences Inc. and Bray Limited Partnership., Asset Management Arm are the second and third largest shareholders.
Additionally, we found that 52% of the shares are owned by the top 5 shareholders. In other words, these shareholders have a meaningful say in the decisions of the company.
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. Our information suggests that there isn’t any analyst coverage of the stock, so it is probably little known.
General Public Ownership
With a 46% ownership, the general public have some degree of sway over SPR. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Private Company Ownership
We can see that Private Companies own 32%, 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.
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| Fail | Do they have meaningful levels of revenue? Makes less than USD$1m in revenue (CA$775K) |
| Fail | Are they forecast to achieve profitability? Currently unprofitable and not forecast to become profitable over the next 3 years |
| Fail | Is their share price liquid and stable? Highly volatile share price over past 3 months |
| Fail | Have shareholders been diluted over the past year? Shareholders have been diluted in the past year |
| Fail | Do they have a meaningful market capitalization? Does not have a meaningful market cap (CA$15M) |
| Pass | Are they in a good financial position? They have sufficient cash for at least 1 year of operations |
| Pass | Is their dividend sustainable? They do not pay a dividend |
| Pass | Do they have sufficient financial data available? At least 3 years of financial data is available |
| Pass | Are there any concerning recent events? No concerning events detected |
| No data | Are revenue and earnings forecast to grow? Insufficient data |
| No data | Do they have high quality earnings? Unprofitable so not applicable |
| No data | Have profit margins improved over the past year? Insufficient data or unprofitable |
| No data | Has there been substantial insider selling in the past 3 months? No 3 month insider trading information |