SeaChange International (SEAC), NVE Corp (NVEC): Roumell Asset Management Trims its Stake; Trigran Investments Remains Bullish

The other transaction mentioned earlier was undertaken by Trigran Investments, a fund founded by Douglas T. Granat in 1992 and currently headquartered in Northbrook, Illinois. The employee owned hedge fund favors fundamental analysis, supported by in-house research, when making investments in the U.S. equity markets. Trigran Investments boasts an equity portfolio valued at around $271 million, which consists largely of information technology stocks. Its largest holdings include DTS Inc. (NASDAQ:DTS), Mercury Systems Inc (NASDAQ:MRCY), and NVE Corp (NASDAQ:NVEC).

In addition to increasing its exposure to NVE Corp, the investment firm revoked a series of concerns it had raised in the past, regarding NVE Corp (NASDAQ:NVEC)’s lack of engagement in capital allocation programs. According to the statement disclosed in the 13D filing, Trigran Investments is satisfied with the capital allocation program announced by the company on January 21. This latest development – which promises to deliver considerable benefits for long term shareholders – surely motivated investment firm’s latest acquisition of additional shares of NVE Corp. Furthermore, the fact that the stock gained more than 23% in 2014 is another reason Trigran Investments maintains a bullish stance towards the company.

Mr. Granat’s fund increased its stake in NVE Corp (NASDAQ:NVEC ) for the second time since the end of the third quarter of 2014, while its activist stake in the stock accounts for more than 10% of its equity portfolio. According to our records, Trigran Investments stands as the company’s largest institutional investor, followed by Gregory Bylinsky and Jefferson Gramm’s Bandera Partners, which holds a position of 63,600 shares, as of the end of the third quarter.

Disclosure: none.