Gabelli, Gamco up stake in Midas

By Lisa Kerner

Charlotte, N.C., Nov. 13 - Midas Inc. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. purchased 103,400 shares of the company's common stock, increasing their stake in the company to 16.78% from 15.68%, according to a schedule 13D filing with the Securities and Exchange Commission.

The shares were purchased between Oct. 30 and Nov. 8, priced from $15.59 to $16.93 each.

Gabelli, Gamco and the reporting persons beneficially own 2,400,801 shares of the Itasca, Ill.-based retail automotive services company.

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