Steel Partners Trims Selectica Inc (SLTC) Stake to 6%

Warren G. Lichtenstein‘s Steel Partners has revealed slightly reducing its position in the micro-cap cloud software company Selectica Inc (NASDAQ:SLTC). According to a filing with the Securities and Exchange Commission, Steel Partners currently owns 333,900 shares of Selectica, versus 340,750 shares revealed in an earlier filing. Following the decrease, the activist stake amasses 6.1% of the company’s common stock, down from previously held 7.2%.

Selectica

In its latest 13F, Steel Partners revealed ownership of 415,750 shares of  Selectica Inc (NASDAQ:SLTC), being the largest shareholder among the funds we track. Aside from Steel Partners, Mark N. Diker‘s Diker Management reported ownership of 198,500 shares of the company, the stake being initiated during the first quarter of 2014. Jim Simons‘ Renaissance Technologies is another investor in  Selectica Inc (NASDAQ:SLTC), holding 109,300 shares as of the end of March, while J. Carlo Cannell‘s Cannell Capital also added the company to its equity portfolio during the first quarter, reporting ownership of 88,200 shares.

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