Gamco Asset Management-led investors report 19.44% stake in Ferro

By Lisa Kerner

Charlotte, N.C., April 13 - A group of Ferro Corp. investors led by Gamco Asset Management Inc. bought a net 449,100 shares of the company's stock through a series of buy and sell transactions between April 3 and April 9.

The shares were priced from $1.71 to $2.87 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Monday.

With the purchase, the investors raise their ownership in Ferro to 19.44% from 18.43%.

Between March 10 and April 2, Gamco bought 691,150 shares of Ferro, a prior SEC filing said.

Gamco beneficially owns 8,683,174 of the Cleveland-based company's outstanding shares.

Ferro is a supplier of specialty materials and chemicals for makers of electronics, solar energy, telecom, pharmaceutical, building, automotive and other household and industrial products.

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