Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

P2 Capital Reduces Stake in Forrester Research, Inc. (FORR)

In a filing with the Securities and Exchange Commission, Claus Moller’s P2 Capital Partners revealed that it has trimmed its stake in Forrester Research, Inc. (NASDAQ:FORR) to 1.19 million shares from 1.44 million shares held earlier. The fund’s stake now amasses 6.3% of the company’s common stock.

Forrester Research

The filing added that P2 Capital Master Fund I had invested $10.21 million (excluding brokerage commissions) in the shares of Forrester Research, Inc. (NASDAQ:FORR), while another affiliated fund, P2 Capital Master Fund VI, L.P., had committed $23.52 million in shares of Forrester Research. At the same time, the filing stated that the P2 Capital Master Fund I sold 65,048 shares at an average price of $38.03, while P2 Capital Master Fund VI, L.P. disposed 181,775 shares at $38.16 apiece.

Forrester Research, Inc. (NASDAQ:FORR) is a global research and advisory firm. For the full fiscal year 2014, the company expects revenue to be between $304.0 million and $312.0 million. The Operating margin is expected to fall between 6.0% and 7.0%, the diluted earnings per share is expected to be in the range of $0.57 to $0.64.

For the first quarter of 2014, the company reported a revenue of $73.1 million versus 71.4 million for the first quarter of 2013. The net loss on a GAAP basis during the period was $0.1 million, compared to net income of $2.2 million during the first quarter of 2013.

Royce & Associates, managed by Chuck Royce also owns 473,657 shares of Forrester Research, Inc. (NASDAQ:FORR) and Jim Simons’ Renaissance Technologies holds 251,600 shares, worth $9.02 million, according to their latest 13F filings.

P2 Capital Partners focuses on smaller cap companies and uses a private equity-like approach. P2 Capital Partners has 18.37% of its equity portfolio invested in UTi Worldwide Inc. (NASDAQ:UTIW), which is comprised of 11.27 million shares. It is followed by Blount International Inc (NYSE:BLT), wherein the fund holds 7.37 million shares worth $87.75 million.

Disclosure: none

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!