Gamco, Gabelli continue to invest in Pennichuck

By Lisa Kerner

Charlotte, N.C., July 31 - Gamco Asset Management Inc. and Gabelli Funds, LLC raised their stake in Pennichuck Corp. to 8.63%, from 7.43% on June 17.

According to a schedule 13D filed with the Securities and Exchange Commission, the investors bought 50,660 shares of the company's stock between June 18 and July 29 priced from $20.23 to $23.39 each.

Gamco, Gabelli and their affiliated funds beneficially own 365,337 shares of the company's outstanding stock.

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

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