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EdgarHawk

Joseph R Nerges

10% Owner

10% Owner

Latest: Insider buying · May 2026

17 filings analyzed · 1 company · Latest 2026-06-10

Companies

Company Buys Sells Direction
CSP INC /MA/ CSPI 134 0 Net buying

Activity

June 2026
2026-06-10 CSP INC /MA/ CSPI
medium
Buy
3,370 shares
$28,878
Significance 4/10

10% owner Joseph R Nerges bought 3,370 shares at blended avg $8.57 over 3 days; current price $8.58.

Joseph R Nerges, a 10% owner, executed 7 separate purchases totaling 3,370 shares for $28,877.70 at an average price of $8.57 across June 8–10, 2026. The current price of $8.58 sits near the transaction blended average, yet the stock is -42.8% from its 52-week high and down -5.3% over 30 days. His prior 5 purchases at this ticker (May 11–13, 2026) all posted negative 90-day returns ranging from -10.3% to -11.7%, with a timing pattern of 0 of 5 prior buys well-timed. His cross-ticker track record shows an average 90-day return of -1.2% across 20 prior buys with a 35.00% win rate, indicating a pattern of purchases that have not delivered subsequent gains. The company reported net income of $264,000.00 on quarterly revenue of $16,012,000.00 but was unprofitable over its most recent full fiscal year, raising questions about operational sustainability.

May 2026
2026-05-13 CSP INC /MA/ CSPI
medium
Buy
4,248 shares
$39,201
Significance 5/10

10% owner Joseph Nerges acquires 4,248 shares across 7 trades; stock trades well below 52-week highs as company moves toward profitability.

Joseph Nerges, a 10% beneficial owner of CSP Inc, made seven open-market purchases totaling 4,248 shares over a three-day window in May. This is his 12th open-market purchase of CSPI shares in the past 36 months, extending a pattern of sustained accumulation at this holding. The stock is currently trading well below its 52-week high, presenting lower entry prices for additional positions. On his five most recent purchases at this ticker, the stock gained at the 90-day mark following four of those trades, though the near-term outlook appears more mixed with one purchase followed by a modest decline within 30 days. The company recently returned to profitability on a quarterly basis after a full-year loss, with revenue modestly growing year-over-year, suggesting an inflection may be underway. The timing of these purchases—into a stock that has declined sharply from its 52-week peak—aligns with Nerges's long-standing pattern as a buyer rather than seller, though the scale relative to his existing multi-million-share position remains modest.

March 2026
2026-03-13 CSP INC /MA/ CSPI
medium
Buy
2,207 shares
$18,774
Significance 4/10

10% owner NERGES JOSEPH R acquired 2,207 shares across 6 transactions (Mar 11-13) at blended $8.51; stock down -49.9% from 52-week high.

NERGES JOSEPH R, a 10% owner, executed 6 separate purchases totaling 2,207 shares for $18,774.15 over three trading days (March 11-13, 2026) at prices ranging from $8.45 to $8.59, with a blended average of $8.51. This modest acquisition increases his holdings from 1,409,075 to 1,411,282 shares (+0.2% net change). The context is notable: CSPI trades at $8.93 currently, down -49.9% from its 52-week high of $17.84 and -11.1% over the past 30 days. The company's fundamentals show $12.0M quarterly revenue with $91.0K net income, but full-year results were unprofitable. His prior SAME-TICKER transactions (5 buys on 2026-02-25) remain unmeasurable on 30d/90d outcomes. With 20 prior open-market buys across his cross-ticker track record, this incremental accumulation occurs against a backdrop of significant stock price deterioration and recent unprofitable results.

February 2026
2026-02-26 CSP INC /MA/ CSPI
low
Buy
3,000 shares
$26,366
Significance 4/10

10% owner NERGES JOSEPH R bought 3,000 shares for $26,365.94 (avg $8.79) across Feb 24-25; stock down 20.4% in 30 days.

NERGES JOSEPH R, a 10% owner, executed 9 separate purchases totaling 3,000 shares for $26,365.94 with a blended average price of $8.79 over two trading days. The current price of $9.23 is down 20.4% over the past 30 days and 48.3% below the 52-week high of $17.84, creating a near-term underwater position for these purchases. While the company reported annual revenue growth of 6.4%, it remains unprofitable on a full-year basis with only $91,000.00 in net income on $12,036,000.00 quarterly revenue, suggesting operational challenges despite topline expansion. The insider's cross-ticker buy track record shows marginal results (avg 30d return -0.3%, 90d win rate 22.22%), and his five most recent CSPI purchases (Feb 18-19) have not yet crossed 30-day measurement thresholds, so pattern validation at this specific ticker is incomplete.

2026-02-19 CSP INC /MA/ CSPI
medium
Buy
11,012 shares
$101,525
Significance 4/10

10% Owner Nerges purchases 11,012 shares over 3 days at $9.22 avg amid -50.1% 52-week decline

NERGES JOSEPH R, a 10% owner, executed 11 separate open-market purchases totaling 11,012 shares for $101,525.16 between 2026-02-17 and 2026-02-19, at a blended average price of $9.22. The stock currently trades at $9.65, -50.1% from its 52-week high of $19.33, and has declined -14.5% over the past 30 days and -14.6% over 90 days. His prior trades at CSPI show mixed timing: 2 of 5 prior buys generated positive 90-day returns (September 2025 purchases returned +28.4% at 90 days), but three June 2025 purchases all declined by 0.8% to 2.6% within 90 days. The company reported latest-quarter revenue of $12.0M with net income of $91.0K, but was unprofitable over its most recent full fiscal year. The purchase pattern—multiple small tranches over consecutive trading days at slightly varying prices—reflects methodical accumulation at depressed levels, though the timing relative to the company's recent profitability challenges and broader stock decline remains uncertain.

September 2025
2025-09-16 CSP INC /MA/ CSPI
low
Buy
2,200 shares
$24,656
Significance 3/10

10% owner NERGES JOSEPH R buys 2,200 shares at blended $11.21, stock down 44.5% from 52-week high; prior buys underperform

NERGES JOSEPH R, a 10% owner of CSPI, made 2 purchases totaling 2,200 shares for $24,655.56 at a blended average price of $11.21 on 2025-09-15, increasing his holdings to 1,395,063 shares. The stock currently trades at $11.55, -44.5% from its 52-week high of $20.82, and has declined 4.8% over the past 30 days despite a modest 1.0% gain over 90 days. His prior 5 trades at CSPI show a timing pattern of 0 well-timed buys at the 90-day mark; 4 of those 5 earlier purchases saw negative 90-day returns. His cross-ticker track record is equally unfavorable: 20 prior buys with an average 90-day return of -12.0% and a 90-day win rate of 0.00%. The company reported revenue of $15,448,000.00 for the latest quarter and net income of -$264,000.00, with annual revenue growth of -14.6% year-over-year; it was unprofitable over its most recent full fiscal year. The confluence of poor timing history both at CSPI and across all his prior trades, combined with the company's deteriorating financial performance, suggests this purchase occurred in a context of sustained stock weakness and operational headwinds.

June 2025
2025-06-16 CSP INC /MA/ CSPI
medium
Buy
3,850 shares
$45,840
Significance 4/10

10% owner NERGES acquires 3,850 shares ($45.8K) at $11.91 avg on 2025-06-13; stock down 44.2% from 52-week high, company unprofitable.

NERGES JOSEPH R, a 10% owner, executed 4 separate purchases totaling 3,850 shares for $45,839.50 at a blended average price of $11.91 on 2025-06-13. The stock has declined significantly: -44.2% from its 52-week high of $20.82 and -19.9% over the past 30 days. The company reported negative net income of $-108,000.00 in its latest quarter and has experienced -14.6% annual revenue decline, indicating operational headwinds. NERGES has 5 prior purchases at CSPI within the past week (2025-06-05 through 2025-06-06), all with outcomes not yet measurable. His post-transaction holdings of 1,392,863 shares represent a +0.3% increase from pre-transaction levels. The timing of these purchases during a sustained downtrend in an unprofitable company warrants investor review of the underlying rationale.

May 2025
2025-05-29 CSP INC /MA/ CSPI
medium
Buy
1,700 shares
$24,905
Significance 4/10

10% owner NERGES JOSEPH R bought 1,700 shares across 10 transactions for $24,905.01 on May 27–29; stock down 11.8% in 30 days.

NERGES JOSEPH R, a 10% owner, executed 10 separate purchases totaling 1,700 shares (1.7K shares) for $24,905.01 at prices ranging from $14.50 to $14.80, with a blended average of $14.65. This adds 0.1% to his 1.39M holdings. Current price is $15.12, representing -11.8% over the past 30 days and -27.4% from the 52-week high of $20.82. His prior open-market purchase activity shows a 0% win rate at the 90-day mark, with cross-ticker average returns of -5.8% (30-day) and -9.5% (90-day). At CSPI specifically, his five prior March purchases each posted negative 30-day returns ranging from -0.6% to -7.5%, suggesting a pattern of ill-timed entry points at this ticker. The company reported negative net income of $-108.0K in the latest quarter and annual revenue decline of -14.6%, providing weak fundamental backdrop for the purchase.

March 2025
2025-03-11 CSP INC /MA/ CSPI
medium
Buy
2,000 shares
$31,041
Significance 4/10

10% owner Joseph Nerges buys 2,000 shares across 7 transactions at blended $15.52 avg, stock down 28.6% from 52-week high.

NERGES JOSEPH R, a 10% owner, executed 7 separate purchases totaling 2,000 shares for $31,041.00 over a 5-day window (March 7–11, 2025) at a blended average price of $15.52. The current price of $15.50 places the stock at -28.6% from its 52-week high and down 21.1% over the trailing 30 days. Across his cross-ticker track record, the insider's prior 20 open-market buys have averaged -7.3% returns over 30 days and -5.1% over 90 days, with a 0.00% win rate at the 90-day mark. At CSPI specifically, the insider has completed 5 prior trades (all buys on 2025-02-26), outcomes not yet measurable. The company's fundamentals show strain: revenue declined 14.6% year-over-year, the stock trades at a P/E of 775.00 on recent quarterly net income of $472,000.00, and full-year net income was negative. The accumulation near the 52-week low, combined with the insider's historical pattern of poor buy-timing outcomes, presents a mixed signal that warrants observation of near-term price action.

February 2025
2025-02-26 CSP INC /MA/ CSPI
low
Buy
2,454 shares
$39,025
Significance 3/10

10% owner Nerges bought 2,454 shares across 9 transactions over 3 days at blended avg $15.90; stock now $16.76, up 1.8% in 30d, but insider's cross-ticker record shows 0% 90d win rate.

NERGES JOSEPH R, a 10% owner, executed 9 separate purchases totaling 2,454 shares for $39,025.19 between 2025-02-24 and 2025-02-26 at a blended average price of $15.90, increasing holdings by 0.2% to 1,383,313 shares. The current price of $16.76 represents a gain of approximately 5.4% from the blended transaction price, and the stock has risen 1.8% over 30 days. However, the insider's cross-ticker track record presents a concerning historical pattern: across 20 prior open-market buys, the average 90-day return was -8.4%, with a 0% win rate. Five prior purchases at CSPI within the past two weeks (2025-02-12 through 2025-02-14) are not yet measurable at the 30- or 90-day horizons. The company's fundamentals are weak—annual revenue has declined 14.6%, the most recent full fiscal year showed negative net income, and the current P/E of 838.00 reflects minimal profitability relative to market cap. The repeated buying activity by a significant shareholder may warrant tracking, but the insider's historical timing accuracy and the company's deteriorating financial profile limit the immediate bullish signal.

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