Mario Gabelli’s GAMCO Investors: GAMCO Investors, a hedge fund managed by Mario Gabelli, and one of those we track at Insider Monkey, just trimmed its position in Crane Co. (NYSE:CR). In a filing with the SEC, Gamco disclosed holding around 3.4 million shares of the company, below the previously disclosed amount of almost 3.6 million shares. The position owned by Gabelli in Crane decreased to some 5.9% of the company. At the current price of Crane’s stock, the value of the shares held by Gamco amounts to more than $214 million.
In a separate filing, Gamco, also disclosed adding some shares to its position in Rochester Medical Corporation (NASDAQ:ROCM). As a result, Gabelli’s hedge fund currently owns some 944,000 shares of Rochester, with the value of the stake amounting to around $18.8 million. The new position, which represents 7.64% of the company, shows a slight increase from the previous one which contained 942,500 shares, equal to 7.63% of the company.