Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Mario Gabelli & GAMCO’s Latest Moves Involve Dover Motorsports, Inc. (DVD), and Mueller Industries, Inc. (MLI)

Mario Gabelli, and his fund GAMCO Investors, together with their affiliated funds disclosed two moves into Dover Motorsports, Inc. (NYSE:DVD), and Mueller Industries, Inc. (NYSE:MLI). In a newly amended filing with the SEC, GAMCO, together with Teton Advisors and Gabelli Funds reported owning around 1.5 million shares of Dover Motorsports, Inc. (NYSE:DVD), the position being equal to 8.27% of the company’s common stock.

Mario Gabelli with cereal box

GAMCO holds 884,908 shares of the aggregate amount, which represent 4.87% of the common stock, the position remaining unchanged from the latest 13F. Teton Advisors however currently holds 282,500 shares, up from 252,500 shares in its latest 13F. Gabelli Funds sliced its stake to 334,450 shares, from 631,850 held at the end of the third quarter. The stock of Dover Motorsports, Inc. (NYSE:DVD) has been up 50% since the beginning of the year.

Ariel Investments, managed by John W. Rogers, and Wilmot B. Harkey and Daniel Mack’s Nantahala Capital Management have also been long Dover Motorsports, Inc. (NYSE:DVD) in the latest round of 13F filings. Ariel disclosed a $6.2 million position, which amasses 2.6 million shares. Nantahala’s position is smaller, the fund owning 827,700 shares, worth almost $2.0 million.

A second filing, showed that Mario Gabelli and GAMCO, together with their affiliates own over 2.0 million shares of Mueller Industries, Inc. (NYSE:MLI), which represent 7.1% of the company’s common stock. GAMCO owns 1.26 million shares, slightly up from 1.22 million held according to its latest 13F. Gabelli Funds also upped its stake to 709,562 shares, from 680,562 shares disclosed earlier. Mario Gabelli owns 31,200 shares of Mueller Industries, Inc. (NYSE:MLI) as well. The stock of the company has grown by 21% since the beginning of the year.

In addition to GAMCO and Gabelli, Jeffrey Gates’ Gates Capital Management reported owning 1.8 million shares of Mueller Industries, Inc. (NYSE:MLI), worth $98.7 million, in its latest 13F. Chuck Royce’s Royce & Associates, and Ken Fisher’s Fisher Asset Management positions are worth $42.5 million, and $41.7 million respectively and contain 763,200 shares, and 769,500 shares.

Disclosure: none

Recommended Reading:

Prescott Group Reiterates Its Position Against Merger Between PharmAthene, Inc. (PIP) and Theraclone; The Merger is Terminated

Bay Pond Partners Open Position in First Internet Bancorp (INBK)

North Tide Capital Asks the Board of Healthways, Inc. (HWAY) for CEO Removal

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!