What Type Of Shareholders Make Up Stronghold Digital Mining, Inc.'s (NASDAQ:SDIG) Share Registry?

A look at the shareholders of Stronghold Digital Mining, Inc. (NASDAQ:SDIG

Stronghold Digital Mining is not a large company by global standards. It has a market capitalization of US$546m, which means it wouldn't have the attention 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 Stronghold Digital Mining.

What Does The Institutional Ownership Tell Us About Stronghold Digital Mining?
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.

Stronghold Digital Mining already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. 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 Stronghold Digital Mining, (below). Of course, keep in mind that there are other factors to consider, too.

earnings-and-revenue-growth
It would appear that 8.1% of Stronghold Digital Mining shares are controlled by hedge funds. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. Hound Partners, LLC is currently the company's largest shareholder with 8.1% of shares outstanding. FMR LLC is the second largest shareholder owning 5.2% of common stock, and Columbia Management Investment Advisers, LLC holds about 3.4% of the company stock.

A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

Insider Ownership Of Stronghold Digital Mining
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

By Simply Wall St