Gabelli, Gamco own more than 5% of RPC following share purchase

By Lisa Kerner

Charlotte, N.C., Feb. 11 - Gabelli Funds, LLC and Gamco Asset Management Inc. purchased 404,825 shares of RPC, Inc. stock, raising their ownership interest in the company to 5.51%.

The shares were acquired between Dec. 3 and Feb. 8, priced from $8.87 to $12.48, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 5,398,570 shares, of the Atlanta based company's outstanding stock.

RPC provides oilfield services and equipment to oil and gas companies.

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