Investment Group Maintains 47% Stake In hhgregg - Twice

Investment Group Maintains 47% Stake In hhgregg

Indianapolis — hhgregg's largest stakeholder is holding firm.
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Indianapolis — hhgregg's largest stakeholder is holding firm.

Freeman Spogli & Co., a Los Angeles-based private equity firm, continues to hold 47.4 percent of the retailer's common stock, maintaining its position as the chain’s single largest investor, a Securities and Exchange Commission filing showed.

The firm invests in the retail, distribution and consumer products sector, and also has holdings in Petco, Sur la Table, Totes/Isotoner and MicroStar Logistics.

hhgregg’s shares have generally been trading in the $10 range this year, and edged up last month after the company reported a $7.2 million loss for its fiscal fourth quarter.

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