Bitstream investor Raging Capital buys more shares, ups stake to 8.7%

By Lisa Kerner

Charlotte, N.C., Sept. 8 - A group of Bitstream Inc. investors led by Raging Capital Fund, LP bought 116,522 shares of the company's stock between Aug. 4 and Sept. 1 priced from $4.85 to $5.7324 each, according to a schedule 13D filed on Tuesday with the Securities and Exchange Commission.

Raging Capital beneficially owns 861,436 shares or 8.7% of the Marlborough, Mass., software development company's outstanding stock.

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