Herley Industries shareholder Gamco ups ownership stake to 24.96%

By Lisa Kerner

Charlotte, N.C., Oct. 6 - Herley Industries, Inc. investors led by Gamco Asset Management, Inc. purchased a net 58,900 shares of the company's stock through a series of buy and sell transactions between Aug. 20 and Oct. 5.

The shares were priced from $11.88 to $13.93 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Tuesday.

Gamco and its affiliates beneficially own 3,393,514 shares, or 24.96%, of the Lancaster, Pa.-based company.

Herley provides microwave radio frequency and millimeter wave components to defense and commercial customers.

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