Published on 23 Nov 2022 on Simply Wall St. via Yahoo Finance
To get a sense of who is truly in control of Eagle Bulk Shipping Inc. (NASDAQ:EGLE), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 85% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future.
Let's delve deeper into each type of owner of Eagle Bulk Shipping, beginning with the chart below.
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