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Joseph R. Nerges, a significant shareholder of CSP Inc . (NASDAQ:CSPI), recently acquired a substantial number of shares, according to a filing dated May 27, 2025. Over the course of several transactions on May 27, 28, and 29, Nerges purchased a total of 1,500 shares of CSP Inc. common stock. The shares were acquired at prices ranging from $14.50 to $14.80 per share, amounting to a total investment of $24,905. According to InvestingPro data, the stock currently trades at $15.04, slightly above Nerges’ purchase price, with a market capitalization of $146.6 million.
These transactions increase Nerges’ direct ownership in the company, reflecting continued confidence in CSP Inc.’s prospects. The acquisitions were made in multiple transactions, with the largest single purchase being 300 shares at $14.60 per share. InvestingPro analysis reveals the company holds more cash than debt and maintains a strong current ratio of 3.34x, indicating robust liquidity. Following these transactions, Nerges’ total direct ownership in CSP Inc. stands at 1,387,013 shares. Subscribers to InvestingPro can access the comprehensive Pro Research Report for deeper insights into CSPI’s financial health and valuation metrics.
In other recent news, CSP Inc. (CSPI) reported a decline in revenue for Q2 2025, with figures falling to $13.1 million from $13.7 million the previous year. The company also announced a net loss of $108,000 or $0.01 per diluted share. Despite these challenges, CSPi is focusing on strategic growth in the cybersecurity sector, particularly with its AZT Protect product, which has gained six new customers. The company continues to face hurdles such as reduced service revenue and a lower gross profit margin, which stood at 32% compared to 45.3% last year. CSPi also repurchased $384,000 worth of common shares and declared a $0.03 quarterly dividend. The company reported cash and cash equivalents of over $29 million, providing a strong financial cushion. CSPi is expanding its presence in the OT cybersecurity market and aims to grow in the cell tower protection market. Notably, CSPi has entered a new reseller partnership with Rexel (EPA:RXL) USA to enhance its market reach.
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