As of 6/29/13 the percentage of shares owned by Institutions and mutual funds was 7%. This is anemic participation! I would dare to say this has got to get better as the stock gets recognized. The first major buy was by Wellington Management of 650K shares in the latest reported second quarter. Lots of buying should
occur if we can continue to perform.
Unfortunately Wellington seems to be the exception (at least for now). In the 2Q four institutions dropped their holdings, with only three newcomers, resulting in a net migration of 80k+ shares. For institutions with holdings at the end of BOTH 1Q and 2Q (excluding Wellington), the net migration was 65k+ shares.