Clinton Group Accumulates 7.2% Stake in Sharper Image (SHRP)

In a 13D filing on Sharper Image (Nasdaq: SHRP), Clinton Group and related funds disclosed a 7.2% stake (1,092,270 shares) in the company. The firm held 157K Sharper Image shares at the quarter ended September 30, 2007.

In a pretty standard disclosure, the firm did not make any direct requests on the company, but said they will monitor their investment and may enter discussions with management, the Board of Directors or others.

Sharper Image has been a struggling retailer for some time. The stock is down 64% YTD and 82% over the last 5 years.

About 31% of the float is short.

Knightspoint Partners Raises Stake in Sharper Image (SHRP) to 21.1

In an amended 13D filing on Sharper Image Corp. (Nasdaq: SHRP), Knightspoint Partners disclosed a 21.1% stake in the company. This is up from the 13.7% stake the firm disclosed in a past filing.

From the 'Purpose of Transaction' section of the filing:

"The Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, seeking additional Board representation, making proposals to the Issuer concerning changes to the capitalization, ownership structure or operations of the Issuer, and, subject to compliance with applicable securities laws, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares or changing their intention with respect to any and all matters referred to in Item 4."

Earlier today, Sun Capital doubled their stake in Sharper Image to 19.8%

Sun Capital Doubles Stake in Sharper Image (SHRP)

In an amended 13D filing on Sharper Image (Nasdaq: SHRP), SCSF Equities (Sun Capital) disclosed they raised their stake in the company to 19.8% (2.96M shares). The firm held 1.47 million Sharper Image shares as of the quarter ended March 31, 2007.

The firm disclosed, "Pursuant to a purchase agreement dated May 16, 2007, between SCSF Equities and Richard Thalheimer Revocable Trust Established 3/6/89, SCSF Equities purchased 1,490,000 shares of Common Stock on May 23, 2007 directly from the Thalheimer Trust, at a purchase price of $9.25 per share, in a private transaction that was unanimously approved by the disinterested members of the Issuer’s Board of Directors."