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Crew Energy experiences 8.4% stock price drop amid broad shareholder distribution

Published 2023-11-08, 11:54 a/m
Updated 2023-11-08, 11:54 a/m
© Reuters.

Crew Energy (OTC:CWEGF) Inc., a company heavily owned by individual investors, recently witnessed an 8.4% decline in its stock price. The firm, with a market capitalization of CA$913m, has a broad distribution of shareholders, with the top 25 controlling only 40% of the company's shares.

Institutional investors and active hedge funds hold a significant portion of Crew Energy's stock. Equinox Partners Investment Management LLC emerges as the largest shareholder with a 17% stake, followed closely by CEO Dale Shwed and Dimensional Fund Advisors LP.

Despite recent sales, insiders still hold CA$107m worth of shares in the company. This considerable insider ownership could imply alignment with other shareholders but also raises concerns over power concentration. The general public, possessing a substantial 60% stake in the company, wields collective influence over executive decisions.

The company has received some analyst coverage but could benefit from increased attention. Two warning signs associated with Crew Energy have been flagged for potential investors to consider alongside analyst forecasts. A comprehensive understanding of the ownership structure, performance indicators, market capitalization, and analyst predictions is crucial for those considering investments in Crew Energy.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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