In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), SP Plus Corp. (NASDAQ:SP) reported that Kohlberg Cpc Rep, L.l.c. has picked up 987,752 of common stock as of 2017-05-17.
The acquisition brings the aggregate amount owned by Kohlberg Cpc Rep, L.l.c. to a total of 987,752 representing less than 4.4% stake in the company.
For those not familiar with the company, SP Plus Corporation (SP Plus) is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Company’s segments include Region One (Urban), Region Two (Airport transportation), Region Three and Other. Region One (Urban) encompasses its services in healthcare facilities, municipalities, including government facilities, hotels, commercial real estate, residential communities, retail, colleges and universities, as well as ancillary services such as shuttle and transportation services, valet services, taxi and livery dispatch services. Region Two (Airport transportation) encompasses its services at all major airports, as well as ancillary services, which includes shuttle and transportation services and valet services. Region Three encompasses other operating segments, including USA Parking and event planning, including shuttle and transportation services.
A glance at SP Plus Corp. (NASDAQ:SP)’s key stats reveals a current market capitalization of 652.04 Million based on 22.49 Million shares outstanding and a price at last close of $28.70 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2013-12-26, Warshauer picked up 1,150 at a purchase price of $26.75. This brings their total holding to 13,846 as of the date of the filing.
On the sell side, the most recent transaction saw Kohlberg unload 2,625,415 shares at a sale price of $29.20. This brings their total holding to 987,752.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on SP Plus Corp. (NASDAQ:SP) as things move forward to see if its progress aligns with these transactions.
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