Alliance Fiber Optic Products Inc (AFOP): Billionaire Mario Gabelli’s GAMCO Investors Reports New Stake

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Billionaire Mario Gabelli’s GAMCO Investors and its affiliates reported the acquisition of 1.55 million shares of Alliance Fiber Optic Products Inc (NASDAQ:AFOP), which account for 9.82% of the company’s total amount of shares. GAMCO owns 197,500 shares out of the aggregate amount and Alliance Fiber Optic Products represent a new position in its equity portfolio.

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Alliance Fiber Optic Products  (NASDAQ:AFOP) is a manufacturer of a variety of fiber optic related products and integrated modules, such as couplers and splitters,  dense wavelength division multiplexing devices, interconnect devices,  planar lightwave circuits to name a few. Over the past 12 months, the company’s shares have increased by 0.49%. Recently,  B. Riley reiterated its ‘neutral’ rating on Alliance Fiber Optic Products’ stock at the price target of $18.50.

A total of seven investors from our database held long positions in Alliance Fiber Optic Products at the end of the fourth quarter of 2015, versus 14 funds a quarter earlier.  Jim Simons’ Renaissance Technologies disclosed the biggest position in Alliance Fiber Optic Products worth close to $5.9 million, followed by Chuck Royce’s Royce & Associates, which held a $4.9 million position. Some other investors long the stock were Cliff Asness’ AQR Capital Management, Peter Muller’s PDT Partners, and Ken Griffin’s Citadel Investment Group.

On the other hand, some money manager that sold off their positions in Alliance Fiber Optic Products (NASDAQ:AFOP) during the fourth quarter, including  Peter Algert and Kevin Coldiron’s Algert Coldiron Investors, which dropped around $2 million in stock, and Israel Englander’s Millennium Management, which said goodbye to position valued at $1.8 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
Gabelli Funds 1,079,262 1,079,262 1,079,262 6.84%
GAMCO Asset Management Inc. I.D. No. 13-40445 197,500 197,500 197,500 1.25%
Gabelli Securities, Inc. I.D. No. 13-3379374 273,906 273,906 273,906 1.73%
GGCP, Inc. I.D. No. 13-3056041 0.00%
GAMCO Investors, Inc. I.D. No. 13-400786 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) 0.00%
Mario J. Gabelli 0.00%

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Page 1 of 17 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934
Alliance Fiber Optic Products, Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
(CUSIP Number)
David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
______________________ April 25, 2016________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box .

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