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.
