Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Boulder Brands Inc (BDBD): Mario Gabelli Surges Exposure To 7.4%

Mario Gabelli’s GAMCO Investors disclosed today a 50% increase in its –activist- stake in Boulder Brands Inc (NASDAQ:BDBD).  Over the past couples of months, the funds affiliated with Mr. Gabelli (GAMCO, Gabelli Funds, GSI, Teton Advisors, GBL) have been pretty active in the company, constantly buying and selling its stock. Following the reported transactions, the funds own more than 4.51 million shares of Common Stock (of which Mr. Gabelli can be deemed beneficial ownership), which represent roughly 7.4% of the company’s shares outstanding.

GAMCO Investors is an investment advice and brokerage services provider managed by acknowledged investor Mario Gabelli since inception, in 1976. This New York-based firm manages almost $50 billion in assets, and has made itself famous for its market-beating small-cap stock picks. Mario Gabelli is among the billionaire fund managers.

Mario Gabelli

Boulder Brands Inc (NASDAQ:BDBD) is a $759.3 million market cap marketer of functional food products under the Smart Balance, Earth Balance and Bestlife trademarks. Its products are sold in mass merchandise, grocery, natural food, and club stores throughout the U.S. and Canada.

According to the latest Amended Schedule 13D filing, GAMCO Investors (et AL) owns about 4.51 million shares of Common Stock, up from 3 million disclosed by the end of the second quarter of 2014. Moreover, this is not the first bet on natural foods this month. Earlier, the fund had disclosed a new stake in Annies Inc (NYSE:BNNY), a natural and organic food company, after it announced that it would be acquired by General Mills, Inc. (NYSE:GIS), in a deal valued at $820 million, or $46 per share.

Other major institutional investors betting on Boulder Brands Inc (NASDAQ:BDBD) are Phill Gross And Robert Atchinson’s Adage Capital Management, which is the largest shareholder, amongst those we track, and Bernard Selz’s Selz Capital. Adage Capital Management declared ownership of 5.75 million shares, worth more than $81 million, by the end of the second quarter of the year, while Selz Capital acknowledged holding 268,000 shares of Common Stock as of September 30, 2014.

You might wonder, why is it important to track Mr. Gabelli’s moves?

GAMCO has managed to beat the S&P 500 by more than 2% per year since inception (almost 40 years ago). Its top stock pick, DIRECTV (NASDAQ:DTV), is up more than 23% year-to-date, while its largest small-cap stake, placed in Ryman Hospitality Properties Inc (NYSE:RHP), returned about 10.1%, compared to the S&P 500’s 2.95%.

Disclosure: Javier Hasse holds no positions in any stocks or funds mentioned.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!