Miami-based Galloway Capital Partners has taken a 5.44% stake in Chegg Inc., filing a Schedule 13D with the U.S. Securities and Exchange Commission to disclose its position. The investment firm, led by Chief Investment Officer Bruce Galloway, calls Chegg materially undervalued at its current share price of $0.88 and a market capitalization of $95 million, which has fallen nearly 49% over the past six months. Galloway supports separating Chegg's business units to unlock shareholder value.