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.

Starboard Value Urges Insperity Inc (NSP) To Consider Potential Sale

Page 1 of 2

In a new filing with the U.S. Securities and Exchange Commission, Starboard Value LP, the hedge fund managed by Jeffrey Smith, revealed a letter it sent to Insperity Inc (NYSE:NSP) Chairman and Chief Executive Officer Paul J. Sarvadi, and the company’s board of directors. In the letter, Starboard Value asked Insperity Inc (NYSE:NSP) to consider a potential sale, as the fund believes that the company is deeply undervalued. Starboard Value has also disclosed in the filing that it owns 3.34 million shares of Insperity, Inc. (NYSE: NSP), the stake is equal to 13.2% of the company’s common stock.

Jeff Smith

Jeffrey Smith founded Starboard Value in 2002 via a spin-off from Ramius. Starboard Value is a fundamental oriented activist hedge fund focusing on small cap stocks. The fund has estimated over $1 billion of assets under management.

In the letter, Starboard Value outlines a broad plan to improve the performance of Insperity Inc (NYSE:NSP). The fund urges the company’s management to take actions to improve execution, reduce operating expenses, improve capital allocation, improve corporate governance, and explore all available alternatives to maximize shareholder value.

In addition, Starboard Value states that it believes that Insperity Inc (NYSE:NSP) can improve its operating margins through a combination of reducing excessive corporate overhead expenses, including selling its two large corporate jets, and more efficiently allocating advertising expenses, including shifting advertising away from expensive television advertising, golf tournaments, and other golf and sports-related marketing.

Page 1 of 2

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!