Guidance Software Inc. (GUID), I.D. Systems Inc. (IDSY): Osmium Partners and RGM Capital Are Active in These Companies

John H Lewis’ Osmium Partners disclosed today a new stake, with 656,800 shares of Common Stock, in I.D. Systems, Inc. (NASDAQ:IDSY). In addition, Robert G. Moses’ RGM Capital made public its intentions to become an activist investor in Guidance Software, Inc. (NASDAQ:GUID). In this article we will take a closer look at these two filings.

I.D. Systems, Inc. (NASDAQ:IDSY) is a $90.2 million market cap company that develops, markets and sells wireless machine-to-machine solutions for managing and securing high-value enterprise assets. A few days ago, John H Lewis’ Osmium Partners started a new position in the company, with 656,800 shares of Common Stock, worth almost $4.8 million at current stock prices. This stake accounts for 5.4% of the company’s outstanding Common Stock, and makes of Osmium Partners the third largest institutional investor (amongst those we track).

I.D. Systems Inc. (IDSY)

Other major funds with even larger bets on I.D. Systems, Inc. (NASDAQ:IDSY) are Mark N. Diker’s Diker Management and Richard Mashaal’s Rima Senvest Management, which own 1 million shares and 1.01 million shares of the company, respectively. Jim Simons’ Renaissance Technologies also seems to like this stock. The fund last disclosed (by the end of the second quarter of 2014) ownership of 97,515 shares of Common Stock, following a 7% boost in its exposure to the company.

Guidance Software, Inc. (NASDAQ:GUID) is a $191.2 million market cap provider of digital investigative solutions. Its EnCase® platform provides an investigative infrastructure that enables its customers to search, collect, and analyze electronically stored information in order to address human resources matters, litigation matters, allegations of fraud, suspicious network endpoint activity and defend their organization’s data assets.

On February 12, 2014, RGM Capital had declared holding 4.05 million shares of Guidance Software, Inc. (NASDAQ:GUID)’s Common Stock, which account for 13.87% of its total shares outstanding. Today, it filed an amendment to the previous Schedule 13G, disclosing its intentions to become activist in the company. The fund said that it might “engage in communications with one or more shareholders, officers or directors of the Issuer, including discussions regarding the Issuer’s operations and strategic direction that, if effected, could result in, among other things:” the acquisition or disposal of more stock; an extraordinary corporate transaction, such as a merger; changes in the company’s board of directors or management; and changes in its business or corporate structure.

RGM Capital is, by far, the largest institutional investor in Guidance Software, Inc. (NASDAQ:GUID), trailed by Douglas Dossey And Arthur Young’s Tensile Capital, which owns 488,317 shares, and Mario Gabelli’s GAMCO Investors, with 408,313 shares. Once again, Jim Simons can be counted amongst the company’s supporters, with 15,400 shares.

Disclosure: Javier Hasse holds no positions in any stocks or funds mentioned

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