Dalton Greiner Hartman Maher & Co. boosted its position in SP Plus Corporation (NASDAQ:SP) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,217 shares of the business services provider’s stock after buying an additional 1,513 shares during the period. Dalton Greiner Hartman Maher & Co. owned 0.35% of SP Plus Corporation worth $2,359,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in SP. Wells Fargo & Company MN raised its position in SP Plus Corporation by 2.9% in the first quarter. Wells Fargo & Company MN now owns 117,552 shares of the business services provider’s stock worth $3,968,000 after buying an additional 3,328 shares during the period. North Star Investment Management Corp. raised its position in SP Plus Corporation by 12.8% in the first quarter. North Star Investment Management Corp. now owns 109,900 shares of the business services provider’s stock worth $3,709,000 after buying an additional 12,500 shares during the period. DUPONT CAPITAL MANAGEMENT Corp bought a new position in SP Plus Corporation during the first quarter worth approximately $801,000. Russell Investments Group Ltd. raised its position in SP Plus Corporation by 180.4% in the first quarter. Russell Investments Group Ltd. now owns 9,982 shares of the business services provider’s stock worth $337,000 after buying an additional 6,422 shares during the period. Finally, Strs Ohio bought a new position in SP Plus Corporation during the first quarter worth approximately $293,000. Institutional investors own 78.22% of the company’s stock.
SP Plus Corporation (SP) traded down 0.14% during midday trading on Wednesday, hitting $35.85. The company had a trading volume of 137,655 shares. The firm has a market capitalization of $795.94 million, a P/E ratio of 20.82 and a beta of 1.01. The firm’s 50 day moving average is $32.80 and its 200-day moving average is $31.60. SP Plus Corporation has a 52 week low of $22.60 and a 52 week high of $38.55.
SP Plus Corporation (NASDAQ:SP) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.42 by $0.11. The firm had revenue of $415.40 million during the quarter, compared to analyst estimates of $223.35 million. SP Plus Corporation had a net margin of 2.36% and a return on equity of 13.82%. On average, equities research analysts expect that SP Plus Corporation will post $1.71 EPS for the current fiscal year.
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SP has been the topic of a number of research analyst reports. ValuEngine raised SP Plus Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 9th. BidaskClub raised SP Plus Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded SP Plus Corporation from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 6th.
In related news, Director Robert S. Roath sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $34.77, for a total transaction of $2,433,900.00. Following the completion of the transaction, the director now owns 36,936 shares in the company, valued at approximately $1,284,264.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.
About SP Plus Corporation
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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