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What Kind Of Shareholders Own Interpace Diagnostics Group Inc (NASDAQ:IDXG)?

Casey Hall

The big shareholder groups in Interpace Diagnostics Group Inc (NASDAQ:IDXG) have power over the company. Institutions often own shares in more established companies, while it’s not unusual to see insiders own a fair bit of smaller companies. We also tend to see lower insider ownership in companies that were previously publicly owned.

Interpace Diagnostics Group is a smaller company with a market capitalization of US$40.9m, so it may still be flying under the radar of many institutional investors. Taking a look at the our data on the ownership groups (below), it’s seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about IDXG.

View our latest analysis for Interpace Diagnostics Group

NasdaqCM:IDXG Ownership Summary September 18th 18
NasdaqCM:IDXG Ownership Summary September 18th 18

What Does The Institutional Ownership Tell Us About Interpace Diagnostics Group?

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.

As you can see, institutional investors own 15.8% of Interpace Diagnostics Group. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. 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 Interpace Diagnostics Group’s earnings history, below. Of course, the future is what really matters.

NasdaqCM:IDXG Income Statement Export September 18th 18
NasdaqCM:IDXG Income Statement Export September 18th 18

We note that hedge funds don’t have a meaningful investment in Interpace Diagnostics Group. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

Insider Ownership Of Interpace Diagnostics Group

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.

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 data suggests that insiders own under 1% of Interpace Diagnostics Group Inc in their own names. It has a market capitalization of just US$40.9m, and the board has only US$60.2k worth of shares in their own names. I generally like to see a board more invested. However it might be worth checking if those insiders have been buying.

General Public Ownership

The general public — mostly retail investors — own 84.0% of Interpace Diagnostics Group . This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio.

Next Steps:

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

I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph.

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

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 editorial-team@simplywallst.com.