Gamco further cuts stake in Trans-Lux, now at 44.33%

By Jennifer Chiou

New York, Jan. 30 - A group of Trans-Lux Corp. investors led by Gamco Asset Management Inc. sold off some shares, leaving them with a 44.33% stake in the company, down from 46.26%, according to a schedule 13D filed with the Securities and Exchange Commission.

The company sold shares between Dec. 1 and Jan. 28 at prices ranging from $0.5775 to $0.8120.

Gamco and its affiliates beneficially own 2,020,090 shares of the Norwalk, Conn.-based company.

In July, Gamco took issue with the sale of Trans-Lux's entertainment division to Marwit Capital for $24.5 million.

Trans-Lux designs, manufactures and installs large-scale indoor and outdoor LED electronic display systems.

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