Gabelli, Gamco continue to invest in SL Industries

By Lisa Kerner

Charlotte, N.C., June 9 - Investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. increased their ownership interest in SL Industries Inc. to 23.60% from 22.49% with the purchase of 31,800 additional shares of the company's stock.

The shares were acquired between May 15 and June 6 and priced from $12.15 to $14.91 each, according to a schedule 13D filing with the Securities and Exchange Commission.

Gabelli and Gamco beneficially own 1,383,483 shares of the Mt. Laurel, N.J.-based company's outstanding stock.

In a prior SEC filing, the investors reported the purchase of 58,700 shares of SL Industries between March 14 and May 13 priced from $14.00 to $19.80 per share.

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

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