Rosetta Stone Inc. (RST): Nierenberg Investment Management Likes Osmium Partners’ Decision To Go Activist

In a newly amended filing, Nierenberg Investment Management, led by David Nierenberg, disclosed that it welcomes John H. Lewis’ Osmium Partners’ decision to convert its stake in Rosetta Stone Inc. (NYSE:RST) to activist from passive. According to the filing with the U.S. Securities and Exchange Commission, Osmium Partners changed its filing status for its 9.95% stake in the company to activist from a after the end of trading on August 21.

Rosetta Stone Inc

Nierenberg Investment Management owns 1.69 million shares of Rosetta Stone Inc. (NYSE:RST), which is equal to 7.9% of outstanding common stock. In the filing, the hedge fund stated that it likes Osmium Partners’ conversion to active engagement in Rosetta Stone Inc. (NYSE:RST) for several reasons, including the fact that Osmium Partners focuses on internet commerce, social media, and digital marketing, where it has a deep expertise. In a recent filing, Osmium Partners reported ownership of 2.13 million shares of Rosetta Stone Inc. (NYSE:RST)’s common stock.

Further, the hedge fund of David Nierenberg notes that Osmium Partners is now more actively engaging with a number of their portfolio companies.

“This summer their activism produced substantial change and stakeholder benefit at three of their portfolio companies: The Kroger Co. (NYSE:KR) offered to buy Vitacost.com Inc. (NASDAQ:VITC), where Osmium had placed a colleague on the board of directors; Realogy Holdings Corp (NYSE:RLGY) offered to acquire ZipRealty Inc. (NASDAQ:ZIPR), where Osmium had filed a 13D and worked to maximize stakeholder value; and Osmium’s slate of four directors won 88% of the votes cast for election to the board of Spark Networks Inc. (NYSEMKT:LOV) and the board changed the focus and executive leadership of the company,” Nierenberg Investment Management added.

Moreover, Nierenberg Investment Management said that it expects that Osmium Partners might bring similar passion, urgency, energy, and impact to matters of corporate governance, focus, and execution at Rosetta Stone Inc. (NYSE:RST).

Rosetta Stone Inc. (NYSE:RST) is engaged in providing technology-based language-learning, reading and brain fitness solutions. The market value of the company is $190.2 million. On Tuesday, shares of the company traded down by 0.67% to $8.87. Analysts have the consensus average target price of $13.00. The consensus average recommendation is ‘Overweight’.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

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!