Gabelli and GAMCO Further Increase Holding Of Griffin Land & Nurseries, Inc. (GRIF)

Mario Gabelli‘s GAMCO Investors has revealed another move: an increase in its holding of Griffin Land & Nurseries, Inc. (NASDAQ:GRIF) stock. According to a recent filing with the Securities and Exchange Commission, Gabelli and GAMCO have increased their stake to 1.83 million shares, which account for approximately 35.72% of the common stock. This move comes after a number of additions to this position made by Gabelli in this second quarter, the most recent one being at the end of May.

Mario Gabelli

Among the funds that we track, only another one has Griffin Land & Nurseries, Inc. (NASDAQ:GRIF) in its portfolio: Royce & Associates. Chuck Royce, the manager of the fund, has decided to reduce exposure to this stock by 5% during the first quarter of the year. In its latest 13F filing, Royce & Associates has reported ownership of approximately 47,750 shares valued at $1.44 million.

Griffin Land & Nurseries, Inc. (NASDAQ:GRIF) engages in real estate business and landscape nursery. The stock has been in a downtrend since the start of the year and has depreciated by 20% to a current price of $26.89 per share. This gives the company a market cap of $138.39 million. Griffin Land & Nurseries, Inc. (NASDAQ:GRIF) also pays an annual dividend of $0.2 per share, which represents a yield of 0.80%. For the quarter ending February 28, 2014, the company posted revenues of $5.06 million and a loss of $0.21 per share.

Mario Gabelli is also optimistic about the prospects of Magnetek Inc (NASDAQ:MAG), having recently increased his and his fund’s holding of this stock to approximately 150,300 shares. There are a number of stocks Gabelli and GAMCO have reduced their exposure to recently, among them being AMC Networks Inc (NASDAQ:AMCX) – down to 2.05 million shares, Westwood Holdings Group Inc. (NYSE:WHG), reduced to 655,335 shares, and Ryman Hospitality Properties Inc. (REIT) (NYSE:RHP), which was trimmed to 4.94 million shares.

Disclosure: none.

 

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!