Gamco, Gabelli own 18.49% of Herley Industries

By Lisa Kerner

Charlotte, N.C., June 12 - Shareholders led by Gamco Asset Management Inc. and Gabelli Funds, LLC raised their stake in Herley Industries, Inc. to 18.49% from 17.48% with the purchase of an additional 135,900 shares of the company's stock.

A schedule 13D filing with the Securities and Exchange Commission said the shares were acquired between June 2 and June 11 priced from $15.47 to $16.09 each.

In a June 2 SEC filing, Gamco and Gabelli reported the purchase of 141,092 shares of Herley 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 2,496,285 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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