GAMCO discloses 5.56% stake in Bowlin Travel Centers
GAMCO Asset Management Inc., an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), disclosed it owns approximately 211,100 shares of Bowlin Travel Centers, Inc. (OTCPK: BWTL) on behalf of clients, representing about 5.56% of the company's outstanding common stock.
Bowlin Travel Centers has 3,797,043 shares outstanding. GAMCO stated it continues to purchase additional shares of the travel center operator.
The investment management firm issued the disclosure through a press release because Bowlin Travel Centers is not registered with the Securities and Exchange Commission, making the standard Schedule 13D filing process unavailable for ownership disclosures.
GAMCO Investors manages assets through private advisory accounts, mutual funds, and closed-end funds under its subsidiaries, including Gabelli Funds, LLC. The firm employs what it calls a Private Market Value with a Catalyst investment strategy.
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