A new 13D filing with the US SEC showed that billionaire Mario Gabelli’s GAMCO Investors has slightly increased its stake in Internap Corp (NASDAQ:INAP), and now with its affiliates owns in aggregate 12.25 million shares, or 21.74% of the company’s total amount of shares. In March, GAMCO Investors held 11.49 million shares, equal to 20.55% of the outstanding stock, as disclosed in a previous 13D filing.
Internap Corporation is a company that offers professional services in the domain of Internet infrastructures, operating through two sectors – Internet Protocol Services and Data Center Services. Over the past 12 months, the company’s shares have dropped by 78.86%. For the first quarter of 2016, Internap Corp (NASDAQ:INAP) reported a loss per share of $0.12 beating the estimates of a loss of $0.23, but its revenue of $75.9 million missed the estimates of $77.2 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 | 4,123,136 | 4,123,136 | 4,123,136 | 7.31% | ||
| GAMCO Asset Management, Inc. I.D. No. 13-40445 | 6,924,051 | 7,378,332 | 7,378,332 | 13.09% | ||
| Teton Advisors, Inc. I.D. No. 13-4008049 | 555,590 | 555,590 | 555,590 | 0.99% | ||
| Gabelli Securities, Inc. I.D. No. 13-3379374 | 43,000 | 43,000 | 43,000 | 0.08% | ||
| GGCP, Inc. I.D. No. 13-3056041 | 0.00% | |||||
| GAMCO Investors, Inc. I.D. No. 13-400786 | 450 | 450 | 450 | 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) | 152,638 | 152,638 | 152,638 | 0.27% | ||
| Mario J. Gabelli | 2,000 | 2,000 | 2,000 | 0.00% |
