Griffon investors Gabelli, Gamco buy 751,746 shares for 7.91% stake

By Lisa Kerner

Charlotte, N.C., May 6 - Griffon Corp. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. bought 751,746 shares of the company's common stock, raising their ownership interest to 7.91% from 6.64%.

The shares were acquired between March 12 and April 5 at prices from $6.93 to $9.29 each, according to a schedule 13D/A filed on Wednesday with the Securities and Exchange Commission.

Between Jan. 15 and March 6, Gabelli and Gamco sold 20,729 shares, a prior SEC filing said.

The investors beneficially own 4,687,786 shares of the Jericho, N.Y., diversified manufacturing company.

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