Closely Held Shares

Closely Held Shares

Shares in a publicly-traded company in which a small group of shareholders control the majority of the shares. These majority shareholders tend to hold on to the company's stock, and, as such, only minority shares are traded, leading to light trade volume. Closely held companies are, by their nature, resistant to hostile takeovers and proxy wars. They tend to be more stable than other companies because their share prices are not determined by (sometimes irrational) investment decisions, but by the value of the company itself. However, closely held companies do not have access to as much working capital as corporations with more shareholders.
References in periodicals archive ?
The bourse is valued at about A[pounds sterling]160 million ($247 million), based on the last published price of its closely held shares, according to Niamh Alexander, an analyst at KBW in New York.
A 1995 stock offering moved company ownership from closely held shares traded over the counter to the broader equities market, and about that time Hardinge embarked on a series of acquisitions that brought in such brands as Kellenberger, Hauser, Tripet, and Tschudin grinders, and Bridgeport mills and MCs, as well as buying out its Taiwanese partner in the production of drilling machines.
Float adjustment refers to the reduction of a company's weight in an index to exclude closely held shares, certain legal restrictions on investments and cross-holdings.
The IRS in both instances stated that the closely held shares were nonproductive property within the meaning of the regulations, as no dividends had been paid over extended periods of time.
Also included for HMV Group Plc are the Company Description, Recent Stock Performance, Profitability Analysis, Dividend Analysis, and Key Data Items (Ticker, Major Industry, Sub-Industry, Fiscal Year End Month, Employees, Share Type, Market Capitalization, Total Shares Outstanding and Number of Closely Held Shares.
The Company elected not to mail proxies to its estimated 6,000 shareholders due to the high cost of printing and mailing so many proxies when the Company is under tight fiscal restraints and the necessary votes for approval and ratification were available in closely held shares.
Pertinent information such as a firm's address, phone number, top executives and total employees as well as a variety of ratios, number of closely held shares, market prices or dividend yields for 10 years is all at an individual's fingertips through Wright Company Analysis.
Also included for Procter & Gamble Co (The) are the Company Description, Recent Stock Performance, Profitability Analysis, Dividend Analysis, and Key Data Items (Ticker, Major Industry, Sub-Industry, Fiscal Year End Month, Employees, Share Type, Market Capitalization, Total Shares Outstanding and Number of Closely Held Shares.
Also included for Barclays PLC are the Company Description, Recent Stock Performance, Profitability Analysis, Dividend Analysis, and Key Data Items (Ticker, Major Industry, Sub-Industry, Fiscal Year End Month, Employees, Share Type, Market Capitalization, Total Shares Outstanding and Number of Closely Held Shares.
Also included for Gulf Oil Corporation Ltd are the Company Description, Recent Stock Performance, Profitability Analysis, Dividend Analysis, and Key Data Items (Ticker, Major Industry, Sub-Industry, Fiscal Year End Month, Employees, Share Type, Market Capitalization, Total Shares Outstanding and Number of Closely Held Shares.
Also included for RadioShack Corporation are the Company Description, Recent Stock Performance, Profitability Analysis, Dividend Analysis, and Key Data Items (Ticker, Major Industry, Sub-Industry, Fiscal Year End Month, Employees, Share Type, Market Capitalization, Total Shares Outstanding and Number of Closely Held Shares.
Also included for Pioneer Drilling Company are the Company Description, Recent Stock Performance, Profitability Analysis, Dividend Analysis, and Key Data Items (Ticker, Major Industry, Sub-Industry, Fiscal Year End Month, Employees, Share Type, Market Capitalization, Total Shares Outstanding and Number of Closely Held Shares.