Gabelli, Gamco own 22.49% of SL Industries

By Lisa Kerner

Charlotte, N.C., May 15 - Investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. bought 58,700 shares of SL Industries Inc., bringing their total stake in the company to 22.49%.

The shares were acquired between March 14 and May 13 priced from $14.00 to $19.80 each, according to a schedule 13D filing with the Securities and Exchange Commission.

Gabelli and Gamco beneficially own 1,318,083 shares of the Mt. Laurel, N.J.-based company's outstanding stock.

SL Industries manufactures and markets power electronics, motion control, power protection, power quality electromagnetic products and specialized communication equipment.

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