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Gamco, Gabelli report 14.94% stake in Standard Motor Products
By Lisa Kerner
Charlotte, N.C., Nov. 27 - Standard Motor Products, Inc. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. purchased 234,425 shares of the company's stock, according to a schedule 13D filing with the Securities and Exchange Commission.
The shares were purchased between Sept. 24 and Nov. 26 priced from $7.49 to $10.09 each.
Gabelli, Gamco and the reporting persons beneficially own 2,805,635 shares, or 14.94%, of the Long Island City, N.Y.-based company.
Standard Motor manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry.
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