Starboard Value, a New York-based activist fund, has amassed a 13.2% stake in Insperity, an HR outsourcing company, and urged the company to consider selling itself, among other options. Following the activist investing firm’s disclosure of the stake, Insperity’s stock surged 6.1% in premarket trades. Starboard – The largest shareholder in Insperity In its regulatory filing Tuesday, Starboard Value LP disclosed a 13.2% ownership stake in Insperity, Inc., making the activist fund the largest shareholder in the HR outsourcing company. The New York-based activist fund also disclosed that it has delivered a letter to Paul J. Sarvadi, Insperity’s Chairman and Chief…
Insperity, Inc. (NSP) Up 10% As Starboard Unveils Big Stake
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports