Gabelli, Gamco boost stake in Dobson to 13.98%

By Jennifer Chiou

New York, Oct. 9 - Dobson Communications Corp. investors led by Gabelli Funds LLC and Gamco Asset Management Inc. increased their stake in the company, purchasing 1,021,100 shares on Oct. 5 and Aug. 17 at between $12.4053 and $12.84, according to a schedule 13D filing with the Securities and Exchange Commission.

The companies also sold 2,100 shares at between $12.417 and $12.82 on the same dates.

The investors now own 21,310,000 shares, or 13.98%, of the company's stock.

On Oct. 4, the reporting persons owned 19,389,633 shares, or 12.72%, of the Oklahoma City-based wireless services provider.

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