Gamco, Gabelli cut stake in Flowserve to less than 5%

By Lisa Kerner

Charlotte, N.C., Aug. 1 - Flowserve Corp. investors led by Gamco Asset Management Inc. and Gabelli Funds LLC sold 154,993 shares of the company's stock, reducing their stake to 4.67%.

The shares were sold between June 2 and July 31 priced from $120.51 to $142.55 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons own 2,679,260 shares of the Irving, Texas, precision-engineered flow control equipment company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.