Gabelli, Gamco own 9.43% of CTS

By Lisa Kerner

Charlotte, N.C., June 2 - Investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. upped their stake in CTS Corp. to 9.43%, from 8.4% on April 9, with the purchase of 337,600 additional shares of the company's stock.

The shares were acquired between April 10 and May 30 priced from $9.46 to $11.54 each, it was reported in a schedule 13D filing with the Securities and Exchange Commission.

In a prior SEC filing, Gabelli and Gamco reported the purchase of 67,550 shares of CTS between Feb. 13 and April 7 priced from $8.95 to $11.38 per share.

The investors beneficially own roughly 3.17 million shares of the Elkhart, Ind.-based electronic component manufacturing company.

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