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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Novametrix Medical Systems, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 Par Value per Share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
669870107
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1998
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
- ---------------------------------- ---------------------------
|CUSIP NO. 669870107 | 13G | Page 2 of 3 Pages |
| ----------- | | --- --- |
- ---------------------------------- ---------------------------
|--------|---------------------------------------------------------------------|
| 1 | NAMES OF REPORTING PERSONS |
| | I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| | |
| | Ashford Capital Management, Inc. |
|--------|---------------------------------------------------------------------|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP Not Applicable |
| | (SEE INSTRUCTIONS) (a) [ ] |
| | (b) [ ] |
|--------|---------------------------------------------------------------------|
| 3 | SEC USE ONLY |
| | |
|--------|---------------------------------------------------------------------|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | A Delaware Corporation |
|-----------------|--------|---------------------------------------------------|
| | 5 | SOLE VOTING POWER |
| | | 487,000 |
| NUMBER OF |--------|---------------------------------------------------|
| SHARES | 6 | SHARED VOTING POWER |
| BENEFICIALLY | | 0 |
| OWNED BY |--------|---------------------------------------------------|
| EACH | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | 487,000 |
| PERSON |--------|---------------------------------------------------|
| WITH: | 8 | SHARED DISPOSITIVE POWER |
| | | 0 |
|------------------------------------------------------------------------------|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 487,000 |
|--------|---------------------------------------------------------------------|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |
| | SHARES (SEE INSTRUCTIONS) |
| | [ ] |
|--------|---------------------------------------------------------------------|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | 6.07% |
|--------|---------------------------------------------------------------------|
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
| | IA |
- --------------------------------------------------------------------------------
<PAGE>
Item 1(a). Name of Issuer: Novametrix Medical Systems, Inc.
--------------
Item 1(b). Address of Issuer's Principal Executive Offices:
------------------------------------------------
1 Barnes Industrial Park Road, Wallingford, CT 06492
Item 2(a). Name of Person Filing: Ashford Capital Management, Inc.
---------------------
Item 2(b). Address of Principal Business Office or, if None, Residence:
-----------------------------------------------------------
P.O. Box 4172, Wilmington, Delaware 19807
Item 2(c). Citizenship: A Delaware Corporation
-----------
Item 2(d). Title of Class of Securities: Common Stock
----------------------------
Item 2(e). CUSIP Number: 669870107
------------
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
---------------------------------------------------------
(a) [ ] Broker or Dealer registered under Section 15 of the
Securities Exchange Act of 1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the
Act.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act.
(e) [X] Investment Advisor registered under Section 203 of the
Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee Retirement
Income Security Act of 1974 or Endowment Fund; see
13d-1(b)(1)(ii)(F).
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G); see Item 7.
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
<PAGE>
Item 4. Ownership.
----------
(a) Amount Beneficially Owned: 487,000** shares.
(b) Percent of Class: 6.07%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
-487,000**-
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the disposition of:
-487,000**-
(iv) shared power to dispose or to direct the disposition of:
-0-
**Reflects the Reporting Person's beneficial ownership as of
December 31, 1998.
Item 5. Ownership of Five Percent or Less of a Class.
---------------------------------------------
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
------------------------------------------------------------------
The shares reported by the Reporting Person, a registered
investment adviser, are held in separate individual client
accounts and in one separate limited partnership, the
beneficial owners of which have the right to receive and the
power to direct the receipt of dividends from, and the proceeds
from the sale of, such shares. None of the individual client
accounts or the limited partnership individually holds 5% or
more of the Issuer's Common Stock.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
------------------------------------------------------------------
Not applicable.
Item 8. Identification and Classification of Members of the Group.
----------------------------------------------------------
Not applicable.
Item 9. Notice of Dissolution of Group.
-------------------------------
Not applicable.
Item 10. Certification.
--------------
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any
transaction having such purpose or effect.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
ASHFORD CAPITAL MANAGEMENT, INC.
By: /s/ Theodore H. Ashford
---------------------------
Name: Theodore H. Ashford
Title: President
February 2, 1999
334lmh533/1.A720948-1
