Institutional investors disclose reshaped stakes in KMD Brands

KMD Brands Limited ( (NZ:KMD) ) has issued an update.

FirstCape Group Limited and Harbour Asset Management Limited have disclosed changes in their substantial shareholdings in KMD Brands, following a series of on‑market buy and sell trades since mid‑April. FirstCape now holds 164,686,466 KMD shares, representing 9.152% of the expanded 1,799,415,022 share pool, down from 10.642% previously due to dilution from the larger total on issue.

Harbour Asset Management’s holding stands at 161,011,923 shares, or 8.948% of KMD, compared with 10.508% earlier, also reflecting the increased number of shares on issue rather than outright exit. The disclosure underscores continued active institutional trading in KMD’s stock and highlights the influence of related entities such as BNZ Investment Services and JBWere in managing and custodising significant parcels on behalf of underlying investors.

The most recent analyst rating on (NZ:KMD) stock is a Buy with a N$0.14 price target. To see the full list of analyst forecasts on KMD Brands Limited stock, see the NZ:KMD Stock Forecast page.

More about KMD Brands Limited

KMD Brands Limited is a listed company whose ordinary shares trade on the NZX, attracting substantial institutional investors such as FirstCape Group and Harbour Asset Management. The company’s register is closely watched by asset managers and custodians that actively trade and manage holdings on behalf of clients.

Average Trading Volume: 1,034,814

Technical Sentiment Signal: Sell

Current Market Cap: N$104.6M

For a thorough assessment of KMD stock, go to TipRanks’ Stock Analysis page.