Billionaire Mario Gabelli’s GAMCO Investors Reports New Stake in Silicon Graphics International Corp (SGI)

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Billionaire Mario Gabelli‘s GAMCO Investors has initiated a new position in Silicon Graphics International Corp (NASDAQ:SGI) and together with its affiliates it has acquired 2.36 million common shares, which amass 6.51% of the Silicon Graphics International’s outstanding stock, according to a new 13D filing with the US SEC. Out of the aggregate amount GAMCO solely owns 171,600 shares, which represent 0.47% of the shares outstanding.

Silicon Graphics International is a company that provides high-performance solutions for compute, data management and data analytics, operating through two segments – Service and Product. Recently, Hewlett Packard Enterprise offered $275 million to acquire the company, and the transaction is expected to end during the first quarter of Hewlett Packard Enterprise’s fiscal 2017. Over the past 12 months, the company’s stock has gained 53.71%. For the fourth quarter of fiscal 2016 (ended June 24), the company reported a revenue of $122.71 million and flat EPS, which compares to a revenue of $152.90 million and a loss of $0.28 per share for the same period in the previous year. Earlier this month, Needham & Company LLC downgraded its rating on Silicon Graphics International’s stock to ‘Hold’ from ‘Buy’.

According to Insider Monkey’s hedge fund database, some of the investors long Silicon Graphics International (NASDAQ:SGI) at the end of June included Chuck Royce’s Royce & Associates, with a position valued at $16.78 million, Jim Simons’ Renaissance Technologies, with a $2.61 million position, and Ken Griffin’s Citadel Investment Group.

Among the new investors in Silicon Graphics International (NASDAQ:SGI) during the quarter were Neil Chriss’ Hutchin Hill Capital, which had $246,000 invested in the company, Gavin Saitowitz And Cisco J. Del Valle’s Springbok Capital, which initiated a position worth $140,000, and Mike Vranos’s Ellington. On the other hand, Richard Driehaus’ Driehaus Capital sold its entire position previously valued at around $861,000.

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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 1,066,600 1,066,600 1,066,600 2.94%
GAMCO Asset Management Inc. I.D. No. 13-40445 171,600 171,600 171,600 0.47%
Gabelli Securities, Inc. I.D. No. 13-3379374 923,517 923,517 923,517 2.55%
Teton Advisors, Inc. I.D. No. 13-4008049 200,000 200,000 200,000 0.55%
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 18 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934
Silicon Graphics International Corp.
(Name of Issuer)
Common Stock
(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)
______________________ August 12, 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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