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With 50% ownership, Fulgent Genetics, Inc. (NASDAQ:FLGT) boasts of strong institutional backing

By Yahoo! Finance   |   Jun 29, 2024 at 10:56 AM EST
With 50% ownership, Fulgent Genetics, Inc. (NASDAQ:FLGT) boasts of strong institutional backing

Institutional ownership of over 50% in Fulgent Genetics gives them significant control over the company's decisions and stock price. CEO Ming Hsieh holds a 29% stake, with BlackRock and The Vanguard Group as major shareholders.

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