David Nierenberg Receives Some RadiSys Corporation (RSYS) Shares

David Nierenberg, the manager of Nierenberg Investment Management Company has received a total of 1,875 shares of RadiSys Corporation (NASDAQ:RSYS). The securities have been granted as restricted stock units, since Mr. Niernberg is a Board Director of the company. Niernberg Investment Management currently holds 4.54 million shares of RadiSys Corporation (NASDAQ:RSYS).

RadiSys Corporation (NASDAQ:RSYS)

David Nierenberg is the founder of D3 Family Funds, managed by Nierenberg Investment Management Company. The hedge fund’s main focus in on micro-cap stocks and it acquires the stocks at the right time or at a ‘mispriced’ price, a situation in which stocks of a company are undervalued by investors. The fund focuses on mainly technology sector but it also has exposure in Basic Materials, Services and Industrial Goods sectors.

The hedge fund manages an equity portfolio with a value of $126 million and has invested more than 29% of the equity portfolio in Electro Scientific Inds. Inc (NASDAQ:ESIO). The fund owned 3.18 million shares, worth $37.19 million at the end of the third quarter of 2013. Apart from Electro Scientific Inds., the fund holds 1.69 million shares worth $27.43 million in Rosetta Stone Inc (NYSE:RST) and about 1.0 million shares of C & J Energy Services Inc (NYSE:CJES) worth $20.09 million in the same period.

D3 Family Funds believes in working with the management of the companies rather than taking an activist approach.

RadiSys Corporation (NASDAQ:RSYS) is a market leader in providing wireless infrastructure solutions to the telecom, aerospace and defense applications.  The solutions enable these sectors to deploy 3G and 4G/LTE applications faster and with lower investments and risks.  Both the telecom and the aerospace sectors are expected to register good growths this year.  With revenues of $54.1 million and net non-GAAP loss of $0.16 per diluted share, the company has already embarked on a cost restructuring exercise.

Apart from Nierenberg Investment Management, other hedge funds with a bullish sentiment on the company include Chuck Royce managed Royce & Associates. Royce & Associates has an investment of 1.63 million shares worth $5.25 million at the end of the third quarter. Renaissance Technologies, managed by Jim Simons held 1.08 million shares worth $3.49 million at the end of the third quarter of 2013.

Disclosure: none

Recommended Reading:

Healthcor Management Increases Holding in CareView Communications Inc (CRVW)

Edward Lampert Receives Some Sears Holdings Corp (SHLD) Shares

Baker Bros. Advisors’ Latest Moves Involve Genomic Health, Inc. (GHDX), & Celsus Therapeutics PLC (ADR) (CLSXD)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

The 20 Biggest Contracts in MLB History

The 7 Worst Blown Calls in Sports History

7 Free Ways to Advertise Your Business Online

The 18 Best R&B Songs of the 90’s

The 10 Most Dangerous States to be a Cop

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!