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Mill Road increases ownership of SM&A to 8.6%
By Lisa Kerner
Charlotte, N.C., Oct. 16 - SM& A investors led by Mill Road Capital, LLP reported the purchase of 248,520 shares of the company's stock between Sept. 30 and Oct. 14 at prices from $2.0729 to $2.9881 each.
The investors beneficially own 1,581,676 shares, or 8.6%, of the Newport Beach, Calif., competition management services company, according to a schedule 13D/A filed with the Securities and Exchange Commission.
Mill Road bought 1,333,156 shares of SM&A between Aug. 5 and Sept. 22 for an initial 7.2% ownership interest in the company, a prior SEC filing said.
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