Billionaire Mario Gabelli‘s GAMCO Investors recently has filed a Form 13D with the US Securities and Exchange Commission, in which it reported holding in aggregate with its affiliates 2.79 million common shares of Silicon Graphics International Corp (NASDAQ:SGI), which represent 7.64% of the outstanding stock. Out of the aggregate amount, GAMCO solely owns 322,000 shares, which account for 0.88% of the float. This represents an increase in the fund’s stake as it previously held in aggregate 2.36 million shares that amassed 6.61% of the float, while GAMCO alone owned 171,000 shares, accounting for 0.47% of the outstanding stock, as reported in a previous 13D filing.
Silicon Graphics International is a manufacturer of computer software and hardware that offers solutions for data analytics, computing, and data management. It has been recently announced that the company will be acquired by Hewlett Packard Enterprise for $275 million by the end of the first quarter of Hewlett Packard Enterprise’s fiscal 2017. Over the past 12 months, Silicon Graphics International’s stock has gained 70.8%. For the fourth quarter of its fiscal 2016, the company reported revenue of $122.7 and flat EPS, which compares to revenue of $152.90 million, and a loss per share of $0.28 for the same quarter of fiscal 2015.
The number of investors tracked by us bullish on Silicon Graphics International (NASDAQ:SGI) increased by five during the second quarter, and there were nine investors with long positions in the company at the end of June. Among them were Chuck Royce’s Royce & Associates, which held a $16.78 million worth a position, Jim Simons’ Renaissance Technologies, with a position valued at $2.61 million, and Ken Griffin’s Citadel Investment Group.
Some of the smart money managers who initiated new positions in Silicon Graphics International (NASDAQ:SGI) during the June quarter included Cliff Asness’ AQR Capital Management, which had $633,000 invested in the company, Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital, which initiated a position valued at $448,000, Neil Chriss’ Hutchin Hill Capital, Gavin Saitowitz And Cisco J. Del Valle’s Springbook Capital, and Israel Englander’s Millennium Management.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Gabelli Funds | 1,324,811 | 1,324,811 | 1,324,811 | 3.63% | ||
| GAMCO Asset Management Inc. I.D. No. 13-40445 | 322,000 | 322,000 | 322,000 | 0.88% | ||
| Gabelli Securities, Inc. I.D. No. 13-3379374 | 944,213 | 944,213 | 944,213 | 2.59% | ||
| Teton Advisors, Inc. I.D. No. 13-4008049 | 200,000 | 200,000 | 200,000 | 0.55% | ||
| GGCP, Inc. I.D. No. 13-3056041 | 0.00% | |||||
| GAMCO Investors, Inc. I.D. No. 13-400786 | 0.00% | |||||
| Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | 0.00% | |||||
| Mario J. Gabelli | 0.00% |
