Every investor in HIVE Blockchain Technologies Ltd. (CVE:HIVE) should be aware of the most powerful shareholder groups. 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.
HIVE Blockchain Technologies is a smaller company with a market capitalization of CA$62m, so it may still be flying under the radar of many institutional investors. In the chart below, we can see that institutional investors have bought into the company. We can zoom in on the different ownership groups, to learn more about HIVE Blockchain Technologies.
What Does The Institutional Ownership Tell Us About HIVE Blockchain Technologies?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
HIVE Blockchain Technologies already has institutions on the share registry. Indeed, they own 11% 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. 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 HIVE Blockchain Technologies, (below). Of course, keep in mind that there are other factors to consider, too.
Hedge funds don’t have many shares in HIVE Blockchain Technologies. Genesis Mining Ltd. is currently the largest shareholder, with 17% of shares outstanding. The second and third largest shareholders are FMR LLC and…