Inventure Foods Inc. (SNAK): Billionaire Mario Gabelli’s GAMCO Investors Slightly Raises Its Stake

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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).

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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 938,347 938,347 938,347 4.77%
GAMCO Asset Management Inc. 96,350 106,350 106,350 0.54%
Teton Advisors, Inc. 314,331 314,331 314,331 1.60%
GGCP, Inc. 0.00%
GAMCO Investors, Inc. 700 700 700 0.00%
Associated Capital Group, Inc. 0.00%
Mario J. Gabelli 0.00%

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Page 1 of 16 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934 (Amendment No. 1)
Inventure Foods, Inc.
(Name of Issuer)
Common Stock, $.01 par value
(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)
______________________ November 4, 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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