A freshly-amended 13D filing with the SEC revealed that billionaire Mario Gabelli‘s GAMCO Investors has acquired more shares of Inventure Foods Inc. (NASDAQ:SNAK), and now together with its partners holds in aggregate 1.36 million shares, which represent 6.91% of the float, while GAMCO alone owns 106,350 shares, accounting for 0.54% of the outstanding stock. As per its 13F for the reporting period of June 30, GAMCO alone held 85,350 common shares of the company.
Inventure Foods is a company that produces a variety of natural and healthy specialty snack food brands, which runs two divisions: snack products and frozen products. Year-to-date, the company’s stock is up by 8.17%. In its financial report for the third quarter of 2016, Inventure Foods reported a loss per share of $0.13 and revenue of $66.53 million, missing the estimates which called for EPS of $0.03 and revenue of $74.1 million.
At the end of June, five hedge funds from Insider Monkey’s database were bullish on Inventure Foods (NASDAQ:SNAK), down by one from a quarter earlier. Investors with large positions in the company included Anand Parekh’s Alyeska Investment Group (893,119 shares), Chuck Royce’s Royce & Associates (807,072 shares), and John Zaro’s Bourgeon Capital (69,484 shares).
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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 |
---|---|---|---|---|---|---|
Gabelli Funds | 938,347 | 938,347 | 938,347 | 4.77% | ||
GAMCO Asset Management Inc. | 96,350 | 106,350 | 106,350 | 0.54% | ||
Teton Advisors, Inc. | 314,331 | 314,331 | 314,331 | 1.60% | ||
GGCP, Inc. | 0.00% | |||||
GAMCO Investors, Inc. | 700 | 700 | 700 | 0.00% | ||
Associated Capital Group, Inc. | 0.00% | |||||
Mario J. Gabelli | 0.00% |