HWEB, FWIW, CSPI(e) has been accumulated recently by a hedge fund. 13G/A filed on 1/20 by Daniel Zeff showing 313K shares, or 8.8% of the outstanding shares. Zeff filed original 13G in June showing 179K shares, so he's been buying recently.
"Magnum Global Investments has sponsored two new hedge funds. The Zeff Capital Offshore Fund is a US equity value portfolio focusing mainly on mis-valuations in small-cap stocks. The manager of Zeff Capital Offshore Fund – US Equity Value Fund, Daniel Zeff, buys stocks selling at discounts of at least 50% to what he believes is fair value, investing in 15 to 20 core long positions and a ‘handful’ of shorts. Zeff said holdings are generally in firms with heavy net cash balances and/or strong cash flow generating capacity, selling at low single-digit earnings and cash flow multiples."