Mario Gabelli Reveales Latest Moves In Its Equity Portfolio

Mario Gabelli‘s fund GAMCO Investors and its affiliates, have revealed in several filings with the SEC, some of the latest moves related to the holdings in its equity portfolio. In one of the filings, GAMCO revealed adding Xyratex Ltd. (NASDAQ:XRTX) to its equity portfolio. The position held by GAMCO, Gabelli Funds and GSE amasses a total of over 1.54 million shares, equal to 5.59% of the company’s common stock.

Mario Gabelli

Earlier in December, Seagate Technology plc (NASDAQ:STX) entered into an agreement to acquire Xyratex for a total of $13.25 per share. Matthew Drapkin and Steven R. Becker‘s Becker Drapkin Management also initiated a stake in the company during the last quarter of 2013, holding 1.22 million shares.

In a couple of other filings, GAMCO revealed edging up its position in Materion Corp (NYSE:MTRN) to 1.18 million shares, from 1.17. The aggregate stake held by the affiliated funds amounts to 1.80 million shares, or 8.74% of the outstanding stock. Moreover, GAMCO disclosed entering into an agreement with Materion Corp (NYSE:MTRN), under the terms of which, the fund nominated Edward F. Crawford to be elected to the company’s board.

Mario Gabelli’s funds also raised their positions in Astec Industries, Inc. (NASDAQ:ASTE) and The Bon-Ton Stores, Inc. (NASDAQ:BONT). In Astec Industries, Inc. (NASDAQ:ASTE), the aggregate position contains 1.16 million shares, equal to  5.06%  of the company, while in The Bon-Ton Stores, Inc. (NASDAQ:BONT), the aggregate stake has been raised to 2.30 million shares, equal to 13.12%, from 2.08 million shares, or 11.88% reported previously.

Moreover, Mr. Gabelli seems to be bullish on Hi-Tech Pharmacal Co. (NASDAQ:HITK), raising his stake to a total of 942,200 shares, representing 6.77% of the stock, from  780,000 shares. GAMCO holds around 274,700 shares of the aggregate holding, versus 219,700 shares owned previously.

In a separate filing, GAMCO disclosed entering into an agreement with Griffin Land & Nurseries, Inc. (NASDAQ:GRIF), under the terms of which the fund has nominated Christopher P. Haley and Walter M. Schenker to be elected to the company’s board. Mr. Gabelli’s stake in the company amasses 1.73 million shares, equal to 33.63% of the outstanding shares. The fund has pursued Griffin Land & Nurseries, Inc. (NASDAQ:GRIF) into conducting a vote among shareholders regarding the change of the company’s status to REIT or MLP.

Mario Gabelli has also tweaked his positions in Watts Water Technologies Inc (NYSE:WTS) and GATX Corporation (NYSE:GMT). Mr. Gabelli’s funds hold a total of 2.50 million class A shares of Watts Water Technologies, GAMCO holding 684,200 shares, down from 1.90 held at the end of last year. In GATX Corporation, the aggregate stake contains 5.33 million shares, with GAMCO owning 1.85 million shares, versus 3.53 million shares previously. The aggregate positions in Watts Water Technologies Inc (NYSE:WTS) and GATX Corporation (NYSE:GMT) represent 8.69% and 11.58% of stock respectively.

At the same time, Mr. Gabelli sold out the position in Cadence Pharmaceuticals, Inc. (NASDAQ:CADX), upon the company’s acquisition by Mallinckrodt Plc in a $1.4 billion transaction. Previously, GAMCO and other affiliated funds held a total of 6.16 million shares of Cadence Pharmaceuticals, equal to 6.94% of the common stock.

Disclosure: none

Recommended Reading:

Cadence Pharmaceuticals, Inc. (CADX), Griffin Land & Nurseries, Inc. (GRIF) and Three Other Moves From Mario Gabelli and GAMCO Investors

Mario Gabelli and GAMCO Up Stake in Griffon Corporation (GFF)

Mario Gabelli is Bullish on Lawson Products Inc. (LAWS)

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!