A freshly-amended 13D filing with the SEC revealed that billionaire Mario Gabelli‘s GAMCO Investors has acquired more shares of Inventure Foods Inc. (NASDAQ:SNAK), and now together with its partners holds in aggregate 1.36 million shares, which represent 6.91% of the float, while GAMCO alone owns 106,350 shares, accounting for 0.54% of the outstanding stock. As per its 13F for the reporting period of June 30, GAMCO alone held 85,350 common shares of the company.
Inventure Foods is a company that produces a variety of natural and healthy specialty snack food brands, which runs two divisions: snack products and frozen products. Year-to-date, the company’s stock is up by 8.17%. In its financial report for the third quarter of 2016, Inventure Foods reported a loss per share of $0.13 and revenue of $66.53 million, missing the estimates which called for EPS of $0.03 and revenue of $74.1 million.
At the end of June, five hedge funds from Insider Monkey’s database were bullish on Inventure Foods (NASDAQ:SNAK), down by one from a quarter earlier. Investors with large positions in the company included Anand Parekh’s Alyeska Investment Group (893,119 shares), Chuck Royce’s Royce & Associates (807,072 shares), and John Zaro’s Bourgeon Capital (69,484 shares).
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|
|GAMCO Asset Management Inc.||96,350||106,350||106,350||0.54%|
|Teton Advisors, Inc.||314,331||314,331||314,331||1.60%|
|GAMCO Investors, Inc.||700||700||700||0.00%|
|Associated Capital Group, Inc.||0.00%|
|Mario J. Gabelli||0.00%|