Published on 7 Nov 2023 on Simply Wall St. via Yahoo Finance
Owning 49% shares,institutional owners seem interested in Performant Financial Corporation...
Key Insights
Significantly high institutional ownership implies Performant Financial's stock price is sensitive to their trading actionsThe top 6 shareholders own 53% of the companyUsing data from company's past performance alongside ownership research, one can better assess the future performance of a company
A look at the shareholders of Performant Financial Corporation (NASDAQ:PFMT) can tell us which group is most powerful. The group holding the most number of shares in the company, around 49% 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).