Market Overview

Keep An Eye On Mario Gabelli's Latest Small-Cap Moves


Mario Gabelli’s GAMCO Investors is one of the largest hedge funds in the world. With an equity portfolio worth more than $19 billion, the firm has managed to beat the S&P 500 for almost three decades now.

This week, the fund disclosed three moves in small-cap companies that could provide investors with attractive ideas.

First off, the fund declared having added 2,205,823 shares of Common Stock to its activist position in Mueller Industries, Inc. (NYSE: MLI). The wage now comprises 5,790,160 shares, which represent 10.16 percent of the company’s shares outstanding and are worth more than $186 million at current stock prices.

This stake makes GAMCO the largest institutional investor in Mueller Industries, trailed by the Vanguard Group, which owns 3,982,760 and last boosted its bet by 179,654 shares, and hedge fund Gates Capital Management.

Another company that saw Gabelli increase his participation inis Brink's Company (NYSE: BCO), a provider of secure logistics and security solutions. According to a recent 13D filing, the fund added 586,701 shares of Common Stock to its stake, representing 7.12 percent of the company’s outstanding stock.

Also betting on Brink’s is Jeffrey Smith’s Starboard Value LP, which increased its exposure to the stock twice since the end of the first quarter.

Finally, there’s Astec Industries, Inc. (NASDAQ: ASTE), which saw GAMCO almost double its stake from 1,151,527 shares to 2,230,870 shares. The new position accounts for 9.71 percent of the company and is worth about $87 million at current stock prices.


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Posted-In: Gamco Investors Gates Capital Management Jeffrey Smith Mario GabelliLong Ideas Hedge Funds Trading Ideas General