Gamco Investors Raises Stake in Ampco Pittsburg Corporation (AP) and Nominates Directors to the Board

Mario Gabelli’s Gamco Investors and their affiliates revealed holding in aggregate 1.80 million shares of Ampco Pittsburg Corporation (NYSE:AP), the stake representing 17.39% of the company’s common stock. In its latest 13F, Gamco disclosed holding around 1.11 million shares.

Mario Gabelli with cereal box

 

Out of the aggregate position, Gamco Investors holds around 1.10 million shares, while Gabelli Funds and Teton Advisors hold each 418,000 shares and 253,340. While the stake held by Gabelli Funds remained unchanged, in its latest 13F, Teton Advisors disclosed ownership of 245,300 shares of Ampco Pittsburg Corporation (NYSE:AP).

Ampco Pittsburg Corporation (NYSE:AP) operates in two segments: Forged and Cast Rolls, and Air and Liquid Processing. Recently, the company announced that in order to support the nominees recommended by GAMCO, the Corporation would expand its Board of Directors to eleven members from the existing nine members.

Last month, Ampco Pittsburg Corporation (NYSE:AP) paid a regular dividend of $0.18 per share to its shareholders.

Chuck Royce’s Royce & Associates is another major shareholder, which held around 1.03 million shares at the end of the third quarter of 2013.

According to the fund’s filing with the Securities and Exchange Commission, the value of Gamco’s equity portfolio has increased to $18.65 billion at the end of the year, from $17.02 billion in the third quarter.

Late last month, Gamco Investors, upped its position to 1.86 million shares from 1.67 million shares it held earlier in The Bon-Ton Stores, Inc (NASDAQ:BONT), a department store operator. Earlier, the fund reported initiating a position in Coleman Cable, Inc. (NASDAQ:CCIX). Currently, it holds 1.14 million shares of the company.

Gamco Investors fund had the largest investment in DIRECTV (NASDAQ:DTV). At the end of December 2013, it held 4.53 million shares of the company. The next big holding in its equity portfolio is American Express Company (NYSE:AXP), in which the fund reported 3.49 million shares. Another significant investment of the fund is in Viacom Inc. (NASDAQ: VIAB) with a reported holding of 3.46 million shares.

Disclosure:none

Recommended Reading:

Weiss Asset Management Top Picks Include HF2 Financial Management Inc (HTWO), Seabridge Gold, Inc. (USA) (SA) & More

Prescott Group Capital Top Picks: Air Transport Services Group Inc. (ATSG), Nature’s Sunshine Prod. (NATR) & More

Park West Asset Management Boosts Its Stake in Outerwall Inc (OUTR)

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

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

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

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

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!