A new 13D filing with the US SEC showed that billionaire Mario Gabelli’s GAMCO Investors has slightly increased its stake in Internap Corp (NASDAQ:INAP), and now with its affiliates owns in aggregate 12.25 million shares, or 21.74% of the company’s total amount of shares. In March, GAMCO Investors held 11.49 million shares, equal to 20.55% of the outstanding stock, as disclosed in a previous 13D filing.
Internap Corporation is a company that offers professional services in the domain of Internet infrastructures, operating through two sectors – Internet Protocol Services and Data Center Services. Over the past 12 months, the company’s shares have dropped by 78.86%. For the first quarter of 2016, Internap Corp (NASDAQ:INAP) reported a loss per share of $0.12 beating the estimates of a loss of $0.23, but its revenue of $75.9 million missed the estimates of $77.2 million
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|GAMCO Asset Management, Inc. I.D. No. 13-40445||6,924,051||7,378,332||7,378,332||13.09%|
|Teton Advisors, Inc. I.D. No. 13-4008049||555,590||555,590||555,590||0.99%|
|Gabelli Securities, Inc. I.D. No. 13-3379374||43,000||43,000||43,000||0.08%|
|GGCP, Inc. I.D. No. 13-3056041||0.00%|
|GAMCO Investors, Inc. I.D. No. 13-400786||450||450||450||0.00%|
|Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b)||152,638||152,638||152,638||0.27%|
|Mario J. Gabelli||2,000||2,000||2,000||0.00%|