Gabelli and Gamco up stake in Maine & Maritimes to 9.92%

By Lisa Kerner

Charlotte, N.C., June 30 - Investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. increased their ownership interest in Maine & Maritimes Corp. to 9.92%, from 8.91% on March 3, with the purchase of 6,600 additional shares of the company's stock.

It was reported in a schedule 13D filed with the Securities and Exchange Commission that the shares were acquired between May 8 and June 27 priced from $37.49 to $44.84 each.

The investors beneficially own 166,400 shares of the Presque Isle, Maine-based company.

Maine & Maritime provides electric transmission and distribution services in northern Maine.

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