Gabelli, Gamco continue to invest in Herley

By Lisa Kerner

Charlotte, N.C., Nov. 2 - Gabelli Funds, LLC and Gamco Asset Management Inc. purchased 148,560 additional shares of Herley Industries, Inc., upping their stake in the company to 11.63% from 10.57%.

The shares were purchased between Sept. 10 and Nov. 1 and were priced from $14.45 to $15.44 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons own 1,626,107 shares of the Lancaster, Pa.-based company. Herley provides microwave radio frequency and millimeter wave components to defense and commercial customers.

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