SCHEDULE: Gabelli Group Boosts Nobility Homes Stake to 15.84%

A group of investment entities led by Mario Gabelli has increased its beneficial ownership in Nobility Homes Inc. to 15.84% of outstanding common stock.

Summary

• A group of Reporting Persons, including GAMCO Investors, Gabelli Funds, GAMCO Asset Management, Teton Advisors, Gabelli Foundation, MJG Associates, GGCP, Associated Capital Group, and Mario J. Gabelli, collectively beneficially own 517,691 shares of Nobility Homes Inc. common stock.
• This aggregate ownership represents 15.84% of the 3,268,998 shares outstanding, as reported by Nobility Homes Inc. in its most recently filed Form 10-Q for the quarterly period ended May 3, 2025.
• The Reporting Persons used approximately $1,176,205 to purchase additional securities, with GAMCO and Gabelli Funds utilizing client funds, and Gabelli Foundation and MJG Associates using working capital and client funds, respectively.
• Recent purchases between July 18, 2025, and September 12, 2025, include transactions by Gabelli Funds (Gabelli Equity Trust and Gabelli Global Mini Mites Fund) and GAMCO Asset Management Inc., with prices ranging from $26.3750 to $28.1571 per share.
• The Reporting Persons file a Schedule 13D to ensure compliance with reporting obligations, particularly due to their regular communication with Nobility Homes Inc. management.

Sentiment

Score: 8

Explanation: The significant increase in beneficial ownership by a well-known and respected investment group like Gabelli indicates strong conviction and a positive outlook for Nobility Homes Inc.

Positives

• A prominent investment group led by Mario Gabelli has significantly increased its beneficial ownership in Nobility Homes Inc. to 15.84%, signaling strong confidence in the company's value and future prospects.
• The acquisition of additional shares, totaling over $1.1 million, demonstrates a continued commitment and belief in the investment thesis for Nobility Homes Inc.

Future Outlook

Reporting Persons intend to maintain regular communication with Nobility Homes Inc. management, indicating an ongoing interest in the company's strategic direction and performance.

Industry Context

This filing reflects a significant increase in a prominent investor group's stake in Nobility Homes Inc., which could signal a positive outlook for the manufactured housing sector or a specific belief in the company's competitive position within its market.

Stakeholder Impact

• Shareholders may experience increased confidence in Nobility Homes Inc. due to the substantial and growing stake held by a prominent investment group, potentially leading to positive share price movement.

Next Steps

• Reporting Persons will continue to communicate regularly with Nobility Homes Inc. management regarding their investment and the company's business.

Key Dates

Recommendation

The Gabelli group, a prominent and sophisticated investment entity, has significantly increased its beneficial ownership in Nobility Homes Inc. to 15.84%. This substantial stake, acquired through recent purchases totaling over $1.1 million, signals strong conviction in the company's valuation and future potential. Such a move by a respected institutional investor often precedes positive developments or indicates a belief that the stock is currently undervalued, making it a compelling 'buy' signal for other investors.

Keywords

Nobility Homes, NOHO, Gabelli, GAMCO, Schedule 13D, beneficial ownership, investment, asset management, equity stake