Gamco, Gabelli up stake in Herley to 12.31%

By Lisa Kerner

Charlotte, N.C., Dec. 31 - Herley Industries, Inc. shareholders led by Gamco Asset Management Inc. and Gabelli Funds, LLC increased their stake in the company to 12.31% from 11.63% with the purchase of an additional 142,600 shares of the company's stock.

The shares were acquired between Nov. 6 and Dec. 27 priced from $12.60 to $15.26 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons own 1,767,507 shares of the Lancaster, Pa.-based company. Herley provides microwave radio frequency and millimeter wave components to defense and commercial customers.

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