Gamco, Gabelli buy shares of Herley Industries, raising stake to 17.48%

By Lisa Kerner

Charlotte, N.C., June 2 - Shareholders led by Gamco Asset Management Inc. and Gabelli Funds, LLC upped their ownership interest in Herley Industries, Inc. to 17.48% from 16.44% with the purchase of an additional 141,092 shares of the company's stock.

A schedule 13D filing with the Securities and Exchange Commission said the shares were acquired between May 7 and May 30 priced from $13.99 to $16.22 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons own 2,360,385 shares of the Lancaster, Pa.-based company.

Herley provides microwave radio frequency and millimeter wave components to defense and commercial customers.

In a May 7 SEC filing, Gamco and Gabelli reported the purchase of 165,568 shares of Herley between April 23 and May 6 priced from $12.08 to $14.84 each.

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