Gabelli Funds, Gamco up stake in Dobson to 12.72%

By Jennifer Chiou

New York, Oct. 4 - Dobson Communications Corp. investors led by Gabelli Funds LLC and Gamco Asset Management Inc. raised their stake in the company, purchasing 1,954,633 shares on Oct. 2 at between $12.79 and $12.81, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors now own 19,389,633 shares, or 12.72%, of the company's stock.

On Sept. 20, the reporting persons owned 15,590,000 shares, or 10.23%, of the Oklahoma City-based wireless services provider.

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