Gamco and Gabelli buy more shares of Herley Industries

By Lisa Kerner

Charlotte, N.C., May 7 - Shareholders led by Gamco Asset Management Inc. and Gabelli Funds, LLC upped their ownership interest in Herley Industries, Inc. to 16.44% from 15.21% with the purchase of an additional 165,568 shares of the company's stock.

The shares were acquired between April 23 and May 6 priced from $12.08 to $14.84 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons own 2,219,293 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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