On Wednesday, November 23rd, Robert Toy, an insider at SP Plus Co. (NASDAQ: SP), sold 5,000 shares of the company’s stock. At an average price of $34.66 per share, the stock could bring in a total of $173,300.00 upon its sale. As a direct result of the transaction, the insider now holds 48,355 shares of the firm, which have a combined value of $1,675,984.30. You may learn more about the transaction by reading the report submitted to the Securities and Exchange Commission (SEC), which you can do by following the link provided below.
Large investors’ holdings of the company’s stock have recently seen either an increase or a decline. Tower Research Capital LLC (TRC) saw a 125.3% increase in SP Plus shares at the end of the third quarter. After making further purchases totaling 1,110 shares over the period in question, Tower Research Capital LLC (TRC) now holds 1,996 shares of the business services provider’s stock, which have a value of $63,000. The New York State Teachers Retirement System, invested roughly $61,000 to acquire a new position in SP Plus during the second quarter of the fiscal year. In the first three months of the year, Amalgamated Bank invested around 118 thousand dollars in acquiring a fresh holding in SP Plus. The Great West Life Assurance Company is an insurance provider outside the United Kingdom. Can invest around 124,000 dollars in acquiring a new interest in SP Plus during the third quarter of the year. Finally, during the second quarter, Quantbot Technologies LP purchased SP Plus for roughly $129,000 to acquire a fresh position. Institutional investors and hedge funds own 88.2% of the company’s shares.
During Wednesday’s trading session, the NASDAQ composite index declined to $0.10, finishing the day at $34.74. Seventy-three thousand one hundred forty-seven shares were moved, which is lower than the typical daily volume of 82,674, ultimately finishing the day at $34.74. Seventy-three thousand one hundred forty-seven shares were moved, which is lower than the typical daily volume of 82,674. The 52-week low for SP Plus Co. is $25.29, and the 52-week high for the company is $37.52. The debt-to-equity ratio is 1.21, and both the quick and current ratios are 0.67. Both of these ratios are quite low. The company’s simple moving average for the past fifty days is $33.73, and its simple moving average for the past 200 days is $32.70. The firm’s market capitalization is currently sitting at $700.60 million, its P/E ratio is 15.04, and its beta is 1.40.
Recently, some brokerage companies have made SP reports available to the public. Barrington Research increased its price objective on SP Plus from $47.00 to $48.00 in a research note published on Tuesday, August 23rd. StockNews.com increased their recommendation for SP Plus from a “buy” rating to a “strong-buy” rating in a research note published on November 15th.
Professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling are some of the services SP Plus Corp. offers to its commercial, institutional, municipal, and aviation clients. Other services include facility maintenance. Additionally, it provides a range of logistical support services for events. The company operates across the following business segments: commercial, aviation, and others.