Midwood Capital builds 7% stake in "undervalued" Edgar Online

By Lisa Kerner

Charlotte, N.C., Feb. 6 - Midwood Capital Management LLC built a 7% stake in Edgar Online, Inc., a company it believes is undervalued, according to a schedule 13D filing with the Securities and Exchange Commission.

In total, Midwood owns 1,803,353 shares and paid $4,673,094.56 for the shares.

The investment opens the possibility that the investor plans to become active in Edgar Online's operations.

Based in Norwalk, Conn., Edgar Online provides business and financial information, including subscription services, to financial, corporate and advisory professionals.

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