SCHEDULE 13D/A: Gabelli Entities Disclose 5.09% Stake in Gorman Rupp Co. via Amended Schedule 13D Filing
Beneficial Ownership Amendment
Multiple Gabelli-affiliated investment entities have collectively reported beneficial ownership of 5.09% of Gorman Rupp Co.'s common stock in an amended Schedule 13D filing.
Summary
- GAMCO Investors, Inc. and its affiliated entities (Gabelli Funds LLC, GAMCO Asset Management Inc., Teton Advisors, Inc., GGCP, Inc., Associated Capital Group, Inc., and Mario J. Gabelli) have filed an Amendment No. 2 to Schedule 13D regarding their beneficial ownership in Gorman Rupp Co.
- The aggregate beneficial ownership reported is 1,335,838 shares of Common Stock, which represents 5.09% of the 26,227,540 shares outstanding as reported in Gorman Rupp Co.'s Form 10-Q for the quarter ended September 30, 2024.
- The ownership is distributed among the reporting persons as follows: Gabelli Funds LLC holds 764,900 shares (2.92%), GAMCO Asset Management Inc. holds 522,938 shares (1.99%), and Teton Advisors, Inc. holds 48,000 shares (0.18%).
- Recent transactions within the past sixty days include both purchases and sales of shares by Gabelli Funds, LLC and Teton Advisors, Inc. at prices ranging from $37.9506 to $39.1846 per share.
Sentiment
Score: 5
Explanation: The document is a factual report of beneficial ownership and recent transactions, providing neutral information without expressing positive or negative sentiment about the issuer's performance or prospects.
Future Outlook
This Schedule 13D filing does not provide any forward-looking statements or guidance regarding Gorman Rupp Co.'s future outlook.
Industry Context
This filing is a routine disclosure of beneficial ownership by investment entities and does not provide specific insights into broader industry trends for Gorman Rupp Co.'s sector. It reflects the investment activities of the Gabelli-affiliated group.
Stakeholder Impact
- Shareholders: The filing provides transparency regarding a significant ownership stake held by a group of investment entities, which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2024-12-23 | Teton Advisors, Inc. sold 1,000 shares at $38.6065. |
| 2025-01-21 | Teton Advisors, Inc. sold 500 shares at $38.2080. |
| 2025-01-22 | Gabelli Funds, LLC Gabelli Utilities Fund purchased 500 shares at $38.5400. |
| 2025-01-27 | Gabelli Funds, LLC Gabelli Utilities Fund sold 100 shares at $38.0000. |
| 2025-01-30 | Gabelli Funds, LLC Gabelli Utilities Fund sold 500 shares at $39.1846. |
| 2025-02-05 | Date of event which requires filing of this statement; Teton Advisors, Inc. sold 500 shares at $37.9506. |
| 2025-02-06 | Date of filing for all reporting persons. |
Keywords
Schedule 13D, Beneficial Ownership, Gorman Rupp Co, GAMCO Investors, Gabelli Funds, Teton Advisors, SEC Filing, Common Stock, Investment Management
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