SP Plus Corp (SP) Shares Sold by Bessemer Group Inc.
Bessemer Group Inc. reduced its stake in SP Plus Corp (NASDAQ:SP) by 22.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 24,500 shares of the business services provider’s stock after selling 7,000 shares during the quarter. Bessemer Group Inc.’s holdings in SP Plus were worth $909,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. First Quadrant L P CA lifted its holdings in SP Plus by 33.0% during the fourth quarter. First Quadrant L P CA now owns 29,486 shares of the business services provider’s stock valued at $1,094,000 after purchasing an additional 7,323 shares during the last quarter. James Investment Research Inc. purchased a new stake in SP Plus during the fourth quarter valued at about $907,000. Dudley & Shanley LLC lifted its holdings in SP Plus by 30.4% during the fourth quarter. Dudley & Shanley LLC now owns 200,150 shares of the business services provider’s stock valued at $7,426,000 after purchasing an additional 46,650 shares during the last quarter. Bowling Portfolio Management LLC purchased a new stake in SP Plus during the fourth quarter valued at about $1,745,000. Finally, Alpha Windward LLC purchased a new stake in SP Plus during the fourth quarter valued at about $501,000. 96.99% of the stock is currently owned by institutional investors.
Shares of SP Plus Corp (SP) opened at $36.40 on Friday. SP Plus Corp has a 52-week low of $27.70 and a 52-week high of $41.70. The firm has a market capitalization of $827.64, a PE ratio of 18.96, a PEG ratio of 1.98 and a beta of 1.07. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.50.
In related news, CEO G Marc Baumann sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $38.00, for a total value of $38,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Gerard M. Klaisle sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $38.15, for a total transaction of $286,125.00. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
SP Plus Company Profile
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.
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