Gamco, Gabelli continue to invest in Herley Industries

By Lisa Kerner

Charlotte, N.C., Nov. 18 - Herley Industries, Inc. investors led by Gamco Asset Management, Inc. and Gabelli Funds, LLC increased their ownership interest to 21.84% from 20.79%.

Between Sept. 18 and Nov. 17, Gamco-led investors purchased 67,772 shares of Herley priced from $13.94 to $20.2252 each, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission.

The investors beneficially own approximately 2.95 million 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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