Osmium Partners LLC is an alternative asset management firm founded in 2002 and focused on investing in reliable small capitalization public equities through thorough bottom-up research approach. The firm has its headquarters in Greenbrae, California. Rosetta Stone Inc (NYSE:RST), Spark Networks Inc (NYSEMKT:LOV), and Tucows Inc. (USA) (NASDAQ:TCX) were the top three holdings of Osmium Partners LLC, according to its SEC 13F filings for the period ended September 30, 2014.
Rosetta Stone Inc (NYSE:RST) was the biggest investment of Osmium Partners LLC, registering a total investment value of $17.1 million. Rosetta Stone Inc (NYSE:RST) is a language training company that develops software for both language training and brain fitness solutions. Ariel Investments had the highest number of shares of the company for the same quarter with 4.03 million shares. Following next was Osmium Partners with 2.13 million shares. (You can see complete list of hedge funds which hold positions on Rosetta Stone Inc (NYSE:RST) at the end of third quarter.)
The second biggest investment of the firm was Spark Networks Inc (NYSEMKT:LOV), with $15.7 million in investment value. This is a company that focuses on the development of specialized online personal websites that include ChristianMingles.com, SilverSingles.com, among others. The stock had earlier been given a “hold” rating by Canaccord Genuity, a rating the company reiterated in its latest analysis of the stock. The firm has since reduced the company’s price target to $5 from $6.
Tucows Inc. (USA) (NASDAQ:TCX) emerged the third biggest investment of Osmium Partners LLC, accounting for investment worth $15.2 million. Tucows Inc. (USA) (NASDAQ:TCX) is a telecommunications company that mainly offers internet related services. It’s one of the world’s largest domain registrars and a hosting space service provider. The company reported a net income of $2.7 million on revenue of $38.9 million for its third quarter 2014. The profit translates to 23 cents a share. The top three institutional shareholders of Tucows Inc. (USA) (NASDAQ:TCX) are Osmium Partners, LLC, Lacuna LLC, and Renaissance Technologies Corp.
This article has been written by Victor Ochieng.