Heller increases stake in Metalico to 6.7%

By Lisa Kerner

Charlotte, N.C., April 27 - Metalico, Inc. investors led by Ronald I. Heller and Heller Capital Investments, LLC purchased 173,400 shares of the company's stock between April 12 and April 20 priced from $5.50 to $6.71 per share, according to a schedule 13D filed with the Securities and Exchange Commission.

The investor beneficially owns 1,019,000 shares, or 6.7%, of the Cranford, N.J., scrap metal recycling and lead fabrication company's outstanding stock.

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