Sp Plus Corp (SP) Files Form 4 Insider Selling : Capital Fund I, L.p. Versa Sells 35,500 Shares

Sp Plus Corp (SP): Capital Fund I, L.p. Versa , director 10% owner of Sp Plus Corp sold 35,500 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $22.55 per share for a total value of $800,628.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 24, 2016, James A Wilhelm (director) sold 5,000 shares at $24.79 per share price.On Mar 24, 2016, Thomas L Hagerman (EVP, Chief BDO) sold 808 shares at $24.15 per share price.Also, On Nov 19, 2015, Steven A Warshauer (Executive Vice President) sold 7,400 shares at $24.07 per share price.On Jun 9, 2015, Capital Fund I, L.p. Versa (director 10% owner) sold 69,884 shares at $25.05 per share price.

Shares of SP Plus Corp (SP) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.40% at $22.4 with 49,560 shares getting traded. Post opening the session at $22.54, the shares hit an intraday low of $22.36 and an intraday high of $22.6 and the price vacillated in this range throughout the day. The company has a market cap of $501 M and the number of outstanding shares has been calculated to be 2,23,55,171 shares. The 52-week high of SP Plus Corp is $27.406 and the 52-week low is $18.5.

SP Plus Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.SP Plus Corp is Reiterated by Barrington Research to Outperform while Lowering the Price Target of the company shares to $ 30 from a previous price target of $31 . The Rating was issued on Mar 2, 2016.

SP Plus Corporation (SP Plus) is a provider of parking management ground transportation and other ancillary services to commercial institutional and municipal clients. SP Plus operates through six segments: Region One Region Two Region Three Region Four Region Five and Other. The Region One Region Three and Region Five segments include the Company’s operations in the United States Canada and Puerto Rico. Region Two includes event planning and transportation and the Company’s technology-based parking and traffic management systems. Region Four includes its airport and transportation operations across the United States. The Company’s Other segment consists of ancillary revenue not identifiable to a region and insurance reserve adjustments related to prior years. SP Plus markets its services under brands such as SP+ SP+ Transportation SP+ Facility Maintenance SP+ Event Logistics SP+ Security Ambiance in Parking Standard Parking Central Parking and USA Parking.

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