Gamco owns 5.08% stake in Sterling Bancorp

By Devika Patel

Knoxville, Tenn., Oct. 12 - Gamco Investors, Inc. and its subsidiaries own a total 5.08% stake in Sterling Bancorp, according to a schedule 13D filed Friday with the Securities and Exchange Commission.

Gamco Asset Management Inc. reported ownership of 620,065 common shares of the company, or 3.44%.

Gabelli Funds, LLC owns 295,170 shares, or 1.64%.

The funds spent a total of $14,270,901 to buy the stock.

Gamco Investors, based in Rye, N.Y., provides investment advisory services to mutual funds, institutional and high-net-worth investors and investment partnerships. The company conducts its business principally through Gamco Asset Management, Gabelli Funds and Gabelli Securities, Inc.

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