Gabelli, Gamco up stake in Maine & Maritimes to 14.24%

By Angela McDaniels

Tacoma, Wash., Jan. 30 - Maine & Maritimes Corp. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. reported the purchase of 11,500 shares of the company's common stock in a schedule 13D/A filed with the Securities and Exchange Commission.

The shares were acquired between Dec. 1 and Jan. 29 for $29.96 to $39.7433 each.

During the same period, the investors sold 1,100 shares for $33.044 to $40.355 each.

Gabelli, Gamco and its affiliates beneficially own 239,100 shares, or 14.24%, of the Presque Isle, Maine-based company. Prior to the latest buy and sell transactions, the investors held a 13.15% stake in the company.

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

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