Gamco, Gabelli report 17.1% stake in Standard Motor Products

By Lisa Kerner

Charlotte, N.C., Sept. 25 - Standard Motor Products, Inc. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. purchased 19,600 shares of the company's stock through a series of buy and sell transactions between Aug. 21 and Sept. 23.

The shares were priced from $6.875 to $7.897 each, according to a schedule 13D filing with the Securities and Exchange Commission.

Gabelli, Gamco and their affiliates beneficially own approximately 3.25 million shares, or 17.1%, 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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