Hummingbird Management Cuts Stake In Meade Instruments

Hummingbird Management LLC has drastically reduced its stake in Meade Instruments Corp. (NASDAQ:MEAD), according to a 13D filing. The micro-cap oriented value hedge fund, managed by Paul Sonkin, now owns 3.24% of the  Delaware based company. Prior to the filing, Hummingbird Management owned 7.63% of Meade Instruments Corp. and Paul Sonkin owned 0.32% of outstanding shares, according to Reuters...