Bradford Capital continues to invest in Tollgrade Communications

By Lisa Kerner

Charlotte, N.C., Aug. 1 - Investors led by Bradford Capital Partners upped their stake in Tollgrade Communications, Inc. to 11.78% from 9.96% through a series of share purchases between May 12 and July 28.

The shares were priced from $4.38 to $4.85 each.

Bradford and its affiliates paid a total of $9.87 million for a total of 1.56 million shares of Tollgrade, a schedule 13D filed with the Securities and Exchange Commission noted.

Tollgrade, based in Cheswick, Pa., designs, engineers, markets and supports test system and status monitoring hardware and software products for the U.S. telecommunications and cable industries.

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