Tollgrade investors Ramius, Parche raise ownership interest to 15.5%

By Lisa Kerner

Charlotte, April 27 - Tollgrade Communications, Inc. investors led by Ramius Value and Opportunity Master Fund Ltd. and Parche LLC increased their interest in the company to 15.5% from 14.4% March 23, according to a schedule 13D/A filed on Monday with the Securities and Exchange Commission.

The investors bought a total of 142,224 shares at prices from $5.1238 and $5.7458 between April 13 and April 24.

Between March 5 and March 23, Ramius bought 85,856 shares and Parche bought 16.358 shares of Tollgrade.

Ramius and Parche now beneficially own 1,962,697 Tollgrade shares.

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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