What type of shareholders make up the share register of VOXX International Corporation (NASDAQ: VOXX)?

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A look at the shareholders of VOXX International Corporation (NASDAQ: VOXX) can tell us which group is more powerful. Institutions often own shares in larger companies, and we would expect insiders to own a noticeable percentage of smaller ones. Warren Buffett said he enjoys “a business with sustainable competitive advantages that is led by skilled, owner-oriented people.” So it’s nice to see some insider ownership as it can suggest that the management is owner-driven.

VOXX International is a small company with a market capitalization of US $ 277 million, so it may still go under the radar of many institutional investors. In the graph below, we can see that institutional investors have bought into the company. Let’s take a closer look at what different types of shareholders can tell us about VOXX International.

Check out our latest review for VOXX International

NasdaqGS: Distribution of the VOXX property September 15, 2021

What does institutional ownership tell us about VOXX International?

Many institutions measure their performance against an index that approximates the local market. Thus, they generally pay more attention to companies that are included in the major indices.

VOXX International already has institutions registered in the share register. Indeed, they hold a respectable stake in the company. This may indicate that the company has a certain degree of credibility in the investment community. However, it is better not to rely on the so-called validation that accompanies institutional investors. They too are sometimes wrong. When several institutions hold a stock, there is always a risk that they are in a “crowded trade”. When such a transaction goes awry, several parties may compete with each other to sell shares quickly. This risk is higher in a company without a history of growth. You can see VOXX International’s historical revenue and income below, but keep in mind that there is always more to tell.

profit and revenue growth
NasdaqGS: VOXX Earnings and Revenue Growth September 15, 2021

VOXX International is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is John Shalam with 17% of the shares outstanding. With respectively 17% and 6.0% of the shares outstanding, Kähli Holding AG and Dimensional Fund Advisors LP are the second and third shareholders. In addition, CEO Patrick Lavelle owns 1.6% of the company’s shares.

To make our study more interesting, we found that the top 5 shareholders control more than half of the company, which implies that this group has a considerable influence on the decision-making of the company.

While it makes sense to study a company’s institutional ownership data, it also makes sense to study analysts’ sentiments to know which way the wind is blowing. While there is some coverage from analysts, the company is likely not widely covered. He could therefore attract more attention, at the bottom of the track.

Insider ownership of VOXX International

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The management ultimately reports to the board of directors. However, it is not uncommon for managers to be board members, especially if they are founders or CEOs.

Insider ownership is positive when it indicates that executives think like the real owners of the company. However, strong insider ownership can also confer immense power on a small group within the company. This can be negative in some circumstances.

It appears that insiders own a significant proportion of VOXX International Corporation. Insiders hold $ 59 million in company shares worth $ 277 million. I would say this shows alignment with shareholders, but it should be noted that the company is still quite small; some insiders may have founded the company. You can click here to see if these insiders have bought or sold.

General public property

The general public, with a 19% stake in the company, will not be easily ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not aligned with other large shareholders.

Owned by a private company

Our data indicates that private companies own 17% of the company’s shares. Private companies can be related parties. Sometimes insiders have an interest in a public company through a stake in a private company, rather than in their own capacity as an individual. While it is difficult to draw general conclusions, it should be noted that this is an area for further research.

Next steps:

It’s always worth thinking about the different groups that own shares in a company. But to understand VOXX International better, there are many other factors that we need to consider. For example, we have identified 1 warning sign for VOXX International that you need to be aware of.

But finally it’s the future, not the past, which will determine the success of the owners of this business. Therefore, we believe it is advisable to take a look at this free report showing whether analysts are predicting a better future.

NB: The figures in this article are calculated from data for the last twelve months, which refer to the 12-month period ending on the last date of the month of date of the financial statement. This may not be consistent with the figures in the annual report for the entire year.

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