Insperity Inc (NSP): Stadium Capital Keeps Selling, Plus Two New Picks

In its latest 13F filing, Stadium Capital disclosed entering a new position in Columbia Banking System Inc (NASDAQ:COLB). Its stake in the company amounted to 957,800 shares, valued at $26.45 million, and representing 6.63% of the fund’s equity portfolio. Including Stadium Capital, 14 funds out of the 737 we track, owned shares of Columbia Banking System at the end of last quarter, holding an aggregate of around $173 million worth of stock. Mark Lee’s Forest Hill Capital was particularly bullish on the company, increasing its exposure to the stock by 45% last quarter to 1.55 million shares. The stock is down by 2% over the last 52 weeks amid high volatility. Columbia Banking System Inc (NASDAQ:COLB) reported earnings of $0.44 per share for the fourth quarter, beating the consensus estimate by $0.02 per share.

Stadium Capital also initiated a stake in Ubiquiti Networks Inc (NASDAQ:UBNT) last quarter, with the acquisition of 125,600 shares, valued at $3.72 million. Although the stock is down by around 39% over the last year, the company’s latest financial results showed positive signs. Ubiquiti Networks Inc (NASDAQ:UBNT) reported earnings per share of $0.53 for the fourth quarter, beating the consensus estimate of $0.48 per share set by analysts. Another fund betting on this stock is Charles Akre’s Akre Capital Management, which doubled its stake in the company last quarter, and currently owns 1.85 million shares.

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