Gabelli-led investors report increased ownership of Standard Motor Products

By Lisa Kerner

Charlotte, N.C., Aug. 18 - Standard Motor Products, Inc. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. purchased 138,600 shares of the company's stock, according to a schedule 13D filing with the Securities and Exchange Commission.

The shares were bought between June 23 and Aug. 15 priced from $7.83 to $9.90 each.

Gabelli, Gamco and the reporting persons beneficially own some 3.23 million shares, or 17%, of the Long Island City, N.Y.-based company.

Standard Motor manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry.

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