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If you want to know who really controls Anik Industries Limited (NSE:ANIKINDS), then you'll have to look at the makeup of its share registry. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. 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.
With a market capitalization of ₹208m, Anik Industries is a small cap stock, so it might not be well known by many institutional investors. Our analysis of the ownership of the company, below, shows that institutions own shares in the company. Let's delve deeper into each type of owner, to discover more about ANIKINDS.
See our latest analysis for Anik Industries
What Does The Institutional Ownership Tell Us About Anik Industries?
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.
Anik Industries already has institutions on the share registry. Indeed, they own 7.1% of the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. 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 Anik Industries's earnings history, below. Of course, the future is what really matters.
We note that hedge funds don't have a meaningful investment in Anik Industries. As far I can tell there isn't analyst coverage of the company, so it is probably flying under the radar.
Insider Ownership Of Anik Industries
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. 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.
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 Anik Industries Limited. Insiders own ₹34m worth of shares in the ₹208m company. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling.