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Mario Gabelli, Gamco Lower Stake in L.S. Starrett

Gamco, L.S. Starrett: In a new 13D filing with the SEC, Mario Gabelli‘s Gamco Investors disclosed a 5.5% stake in The L.S. Starrett Company (NYSE:SCX). This is a major decrease from the 15% stake Gabelli reported last week, and we’ll be watching this situation closely.

Mario Gabelli

Starrett is engaged in the production of precision and measurement tools, as well as other tools and instruments for industrial use. Aside from Gamco, some other funds that hold shares of the company are Chuck Royce‘s Royce & Associates with 529,400 shares in its latest 13F, and Jim Simons‘ Renaissance Technologies, that held 162,100 shares.

Recently, Mario Gabelli and Gamco reported new positions in Mac-Gray Corporation (NYSE:TUC), which represent 6.66% of the company, and a 5.29% stake in Edgen Group Inc (NYSE:EDG).

Disclosure: none

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