Gabelli, Gamco buy more shares of Hawk, lift stake to 12.59%

By Angela McDaniels

Tacoma, Wash., March 12 - Hawk Corp. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. increased their stake in the company to 12.59% from 11.10%, according to a schedule 13D/A filing with the Securities and Exchange Commission.

The investors purchased a net 53,200 shares in a series of buy and sell transactions between Jan. 14 and Wednesday. The shares were priced from $9.40 to $17.69 each.

Gabelli, Gamco and their affiliates beneficially own 1,093,970 shares of the Cleveland friction products manufacturer.

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