Gabelli, Gamco report 8.91% stake in Maine & Maritime

By Lisa Kerner

Charlotte, N.C., March 3 - Investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. bought 19,000 shares of Maine & Maritime Corp. between Jan. 3 and Feb. 27.

The shares were priced from $30.00 to $36.20 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 149,500 shares, or 8.91%, of the Presque Isle, Maine-based company.

Maine & Maritime provides electric transmission and distribution services in northern Maine.

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