Gabelli, Gamco increase stake in Herley Industries

By Lisa Kerner

Charlotte, N.C., April 24 - Herley Industries Inc. investors led by Gabelli Funds Inc. and Gamco Asset Management Inc. increased their stake in the company with the purchase of 172,700 shares of Herley stock between March 8 and April 23 priced from $15.52 to $16.18 per share, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 1,311,847 shares, or 9.4%, of the Lancaster, Pa.,-based company that develops and manufactures microwave radio frequency and millimeter wave components and subsystems.

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