Gabelli Funds cuts stake in Hercules to 4.22%

By Jennifer Chiou

New York, Oct. 4 - Hercules Inc. investors led by Gabelli Funds LLC lowered its stake in the company, selling stock between Aug. 7 and Oct. 2 at between $19.5097 and $21.9188, according to a schedule 13D filing with the Securities and Exchange Commission.

Specifically, Gamco now owns 3,882,186 shares, Gabelli Funds owns 1,033,000 shares and MJG Associates owns 12,000 shares.

The investors own 4,927,186, 4.22%, of the Wilmington, Del.-based manufacturer and marketer of specialty chemicals' outstanding stock.

© 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.