Insperity, Inc. (NSP) Up 10% As Starboard Unveils Big Stake

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 Executive...