Gamco, Gabelli report 7.43% interest in Pennichuck

By Lisa Kerner

Charlotte, N.C., June 17 - Gamco Asset Management Inc. and Gabelli Funds, LLC raised their stake in Pennichuck Corp. to 7.43%, from 6.4% on April 9.

According to a schedule 13D filed with the Securities and Exchange Commission, the investors bought 40,000 shares of the company's stock between April 17 and June 16 priced from $21.50 to $23.97 each.

Gamco, Gabelli and their affiliated funds beneficially own 314,677 shares of the company's outstanding stock.

Pennichuck is a potable water company located in Merrimack, N.H.

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