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Nokomis Capital Trims Position in DSP Group, Inc. (DSPG)

Nokomis Capital, managed by Brett Hendrickson has slightly trimmed its stake in DSP Group, Inc. (NASDAQ:DSPG). In a newly amended filing, Nokomis revealed owning almost 1.13 million shares of the company, versus 1.19 million disclosed in an earlier filing. Overall, the fund cut its stake in DSP from over 1.28 million shares held at the end of the third quarter. Currently, the holding of Nokomis amasses 4.9% of DSP Group’s common stock.


DSP Group, Inc. (NASDAQ:DSPG) is a California based semiconductor company that offers wireless chipset solutions for office, home and mobile markets in the U.S., Europe and part of Asia. Its technology facilitates converged audio, video and data connectivity across multiple business and consumer products, including mobile devices, cordless phones, VoIP systems, connected multimedia terminals, home security devices and home gateways.

A consolidated data of hedge funds tracked by Insider Monkey reveals that several hedge funds are long DSP Group, Inc. (NASDAQ:DSPG). Jeffrey Smith‘s Starboard Value holds the largest position in the company, which amasses 2.16 million shares with a reported value of $15.3 million, down by 3% over the quarter. On the contrary, Jim Roumell‘s Roumell Asset Management increased its stake to 984,000 shares, valued at $6.93 million or 5.64% of their total equity portfolio. Jim Simons‘ Renaissance Technologies also cut its investment by 5% to $2.81 million and now holds 399,000 shares of DSP Group.

Texas based Nokomis Capital’s total portfolio is worth $252 million and its total portfolio value was increased by 1.03 percent during the third quarter. The fund manager has concentrated the majority of investment amount in technology and basic materials companies.  Brett Hendrickson of Nokomis Capital initiated new positions in a number of known companies during the third quarter. Among his latest additions, is Apple Inc. (NASDAQ:AAPL) now comprises 3.43 percent of its total equity portfolio, the fund holding 18,220 shares, worth $8.68 million.

Nokomis Capital also initiated stakes Tesla Motors Inc. (NASDAQ:TSLA) and Pandora Media Inc. (NYSE:P) to its portfolio during the third quarter, among other stocks.

Disclosure: none

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