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 Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!