Osmium Partners Staunchly Believes in Demand Media Inc (DMD)’s Turnaround

Osmium trimmed the stake of its largest holding, in Rosetta Stone Inc (NYSE:RST), by 7% during the first quarter to 1.97 million shares valued at $14.99 million. The stake represented about 12.38% of the fund’s portfolio value. Osmium’s stake accounts for about 9.7% of the company’s outstanding stock. Although down by 16% so far this year, Rosetta Stone Inc (NYSE:RST)’s stock rose 8% yesterday as an open letter by Osmium revealed that the company could be sold for $16 per share or more if a strategic buyer was found. John W. Rogers‘ Ariel Investments is the largest stockholder of Rosetta Stone Inc (NYSE:RST) within our database, owning some 4.26 million shares valued at $32.38 million.

Osmium reduced its stake in Tucows Inc. (USA) (NASDAQ:TCX) by 23% during the first quarter to 1.97 million shares valued at $14.99 million. The stock of the $294.51 million provider of internet service has appreciated by a staggering 38.64% year-to-date. Jim Simons‘ Renaissance Technologies held about 641,900 shares of Tucows Inc. (USA) (NASDAQ:TCX) valued at $12.20 million at the end of March.

Lewis’ fund let its third-largest holding, in Spark Networks Inc (NYSEMKT:LOV), remain unchanged during the first quarter at 3.38 million shares valued at $13.64 million. The $77.40 million global business media company is down by more than 14% so far this year. In its financial results for the first quarter, Spark Networks Inc (NYSEMKT:LOV) missed estimates for both its top and bottom lines. Another prominent stockholder of the company is Thomas Ellis and Todd Hammer’s North Run Capital, owning 1.86 million shares valued at $7.50 million.

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