A new 13D filing with the US SEC showed that billionaire Mario Gabelli’s GAMCO Investors has slightly increased its stake in Internap Corp (NASDAQ:INAP), and now with its affiliates owns in aggregate 12.25 million shares, or 21.74% of the company’s total amount of shares. In March, GAMCO Investors held 11.49 million shares, equal to 20.55% of the outstanding stock, as disclosed in a previous 13D filing.
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Internap Corporation is a company that offers professional services in the domain of Internet infrastructures, operating through two sectors – Internet Protocol Services and Data Center Services. Over the past 12 months, the company’s shares have dropped by 78.86%. For the first quarter of 2016, Internap Corp (NASDAQ:INAP) reported a loss per share of $0.12 beating the estimates of a loss of $0.23, but its revenue of $75.9 million missed the estimates of $77.2 million
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 | 4,123,136 | 4,123,136 | 4,123,136 | 7.31% | ||
GAMCO Asset Management, Inc. I.D. No. 13-40445 | 6,924,051 | 7,378,332 | 7,378,332 | 13.09% | ||
Teton Advisors, Inc. I.D. No. 13-4008049 | 555,590 | 555,590 | 555,590 | 0.99% | ||
Gabelli Securities, Inc. I.D. No. 13-3379374 | 43,000 | 43,000 | 43,000 | 0.08% | ||
GGCP, Inc. I.D. No. 13-3056041 | 0.00% | |||||
GAMCO Investors, Inc. I.D. No. 13-400786 | 450 | 450 | 450 | 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) | 152,638 | 152,638 | 152,638 | 0.27% | ||
Mario J. Gabelli | 2,000 | 2,000 | 2,000 | 0.00% |
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Page 1 of 17 – SEC Filing
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Page 2 of 17 – SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) Gabelli Funds, LLC I.D. No. 13-4044523 | ||
2 | Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | ||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) 00-Funds of investment advisory clients | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization New York | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 4,123,136 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 4,123,136 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 4,123,136 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) | ||
13 | Percent of class represented by amount in row (11) 7.31% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) IA, CO |
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Page 3 of 17 – SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) GAMCO Asset Management, Inc. I.D. No. 13-4044521 | ||
2 | Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | ||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) 00-Funds of investment advisory clients | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization Delaware | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 6,924,051 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 7,378,332 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 7,378,332 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) | ||
13 | Percent of class represented by amount in row (11) 13.09% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) IA, CO |
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Page 4 of 17 – SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) Teton Advisors, Inc. I.D. No. 13-4008049 | ||
2 | Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | ||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) 00 – Funds of investment advisory client. | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization Delaware | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 555,590 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 555,590 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 555,590 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) | ||
13 | Percent of class represented by amount in row (11) 0.99% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) IA, CO |
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Page 5 of 17 – SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) Gabelli Securities, Inc. I.D. No. 13-3379374 | ||
2 | Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | ||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) 00 – Client funds | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization Delaware | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 43,000 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 43,000 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 43,000 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) | ||
13 | Percent of class represented by amount in row (11) 0.08% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) HC, CO, IA |
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Page 6 of 17 – SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) GGCP, Inc. I.D. No. 13-3056041 | ||
2 | Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | ||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) None | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization Wyoming | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power None (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power None (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person None (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) X | ||
13 | Percent of class represented by amount in row (11) 0.00% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) HC, CO |
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Page 7 of 17 – SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) GAMCO Investors, Inc. I.D. No. 13-4007862 | ||
Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | |||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) WC | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization Delaware | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 450 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 450 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 450 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) X | ||
13 | Percent of class represented by amount in row (11) 0.00% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) HC, CO |
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Page 8 of 17 – SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) Associated Capital Group, Inc. I.D. No. 47-3965991 | ||
Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | |||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) WC | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization Delaware | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 152,638 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 152,638 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 152,638 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) X | ||
13 | Percent of class represented by amount in row (11) 0.27% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) HC, CO |
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Page 9 of 17 – SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) Mario J. Gabelli | ||
2 | Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | ||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) Private Funds | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization USA | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 2,000 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 2,000 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 2,000 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) X | ||
13 | Percent of class represented by amount in row (11) 0.00% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) IN |
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Page 10 of 17 – SEC Filing
Name | Shares of Common Stock | % of Class of Common |
GAMCO Gabelli Funds GSI Teton Advisors Mario Gabelli GBL AC | 7,378,332 4,123,136 43,000 555,590 2,000 450 152,638 | 13.09% 7.31% 0.08% 0.99% 0.00% 0.00% 0.27% |
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Page 11 of 17 – SEC Filing
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Page 12 of 17 – SEC Filing
The following sets forth as to each of the executive officers and directors of the undersigned: his name; his business address; his present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted. Unless otherwise specified, the principal employer of each such individual is GAMCO Asset Management Inc., Gabelli Funds, LLC, Gabelli Securities, Inc., G.research, LLC, Teton Advisors, Inc., Associated Capital Group, Inc. or GAMCO Investors, Inc., the business address of each of which is One Corporate Center, Rye, New York 10580, and each such individual identified below is a citizen of the United States. To the knowledge of the undersigned, during the last five years, no such person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and no such person was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities law or finding any violation with respect to such laws except as reported in Item 2(d) and (e) of this Schedule 13D. |
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Page 13 of 17 – SEC Filing
GAMCO Investors, Inc. Directors: | |
Edwin L. Artzt Raymond C. Avansino | Former Chairman and Chief Executive Officer Procter & Gamble Company 900 Adams Crossing Cincinnati, OH 45202 Chairman & Chief Executive Officer E.L. Wiegand Foundation 165 West Liberty Street Reno, NV 89501 |
Mario J. Gabelli Elisa M. Wilson | Chief Executive Officer and Chief Investment Officer of GGCP, Inc. Chairman & Chief Executive Officer of GAMCO Investors, Inc. Executive Chairman & Chief Executive Officer of Associated Capital Group, Inc. Director/Trustee of all registered investment companies advised by Gabelli Funds, LLC. Director c/o GAMCO Investors, Inc. One Corporate Center Rye, NY 10580 |
Eugene R. McGrath | Former Chairman and Chief Executive Officer Consolidated Edison, Inc. 4 Irving Place New York, NY 10003 |
Robert S. Prather | President & Chief Executive Officer Heartland Media, LLC 1843 West Wesley Road Atlanta, GA 30327 |
Officers: | |
Mario J. Gabelli | Chairman and Chief Executive Officer |
Douglas R. Jamieson Henry G. Van der Eb Bruce N. Alpert Agnes Mullady Kevin Handwerker | President and Chief Operating Officer Senior Vice President Senior Vice President Senior Vice President Executive Vice President, General Counsel and Secretary |
GAMCO Asset Management Inc. Directors: | |
Douglas R. Jamieson Regina M. Pitaro William S. Selby | |
Officers: | |
Mario J. Gabelli | Chief Executive Officer and Chief Investment Officer – Value Portfolios |
Douglas R. Jamieson David Goldman | President, Chief Operating Officer and Managing Director General Counsel, Secretary & Chief Compliance Officer |
Gabelli Funds, LLC Officers: | |
Mario J. Gabelli | Chief Investment Officer – Value Portfolios |
Bruce N. Alpert | Executive Vice President and Chief Operating Officer |
Agnes Mullady | President and Chief Operating Officer – Open End Fund Division |
David Goldman | General Counsel |
Gabelli Securities, Inc. | |
Directors: | |
Robert W. Blake | President of W. R. Blake & Sons, Inc. 196-20 Northern Boulevard Flushing, NY 11358 |
Douglas G. DeVivo | Co-Chairman of the Board Alce Partners, L.P. 40 Laburnum Road Atherton, CA 94027 |
Marc Gabelli | Co-Chairman of the Board See above |
Douglas R. Jamieson | President |
William C. Mattison, Jr. | Former Vice Chairman – Gerard, Klauer Mattison & Co., Inc. |
Salvatore F. Sodano | Vice Chairman Chairman and Chief Executive Officer Worldwide Capital Advisory Partners, LLC 520 White Plains Road, Suite 500 Tarrytown, NY 10591 |
Officers: | |
Douglas R. Jamieson Patrick Dennis Kevin Handwerker David M. Goldman David Fitzgerald | See above Executive Vice President, Chief Financial Officer Secretary General Counsel & Assistant Secretary Chief Compliance Officer |
G.research, LLC | |
Officers: | |
Cornelius V. McGinity | See above |
Bruce N. Alpert Douglas R. Jamieson David M. Goldman Josephine D. LaFauci | Vice President Secretary Assistant Secretary Chief Compliance Officer |
Gabelli Foundation, Inc. Officers: | |
Mario J. Gabelli | Chairman, Trustee & Chief Investment Officer |
Elisa M. Wilson Marc Gabelli Matthew R. Gabelli Michael Gabelli | President Trustee Trustee Trustee |
MJG-IV Limited Partnership Officers: | |
Mario J. Gabelli | General Partner |
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Page 14 of 17 – SEC Filing
GGCP, Inc. Directors: | ||
Mario J. Gabelli | Chief Executive Officer and Chief Investment Officer of GGCP, Inc. Chairman & Chief Executive Officer of GAMCO Investors, Inc. Executive Chairman & Chief Executive Officer of Associated Capital Group, Inc. Director/Trustee of all registered investment companies advised by Gabelli Funds, LLC. | |
Marc Gabelli | President of Associated Capital Group, Inc. President and Managing Director of Gabelli Securities, Inc. | |
Matthew R. Gabelli | Vice President – Trading G.research, Inc. One Corporate Center Rye, NY 10580 | |
Michael Gabelli | President & COO Gabelli & Partners, LLC One Corporate Center Rye, NY 10580 | |
Frederic V. Salerno | Chairman Former Vice Chairman and Chief Financial Officer Verizon Communications | |
Vincent S. Tese | Executive Chairman – FCB Financial Corp | |
Officers: | ||
Mario J. Gabelli | Chief Executive Officer and Chief Investment Officer | |
Marc Gabelli | President | |
Silvio A. Berni | Vice President, Assistant Secretary and Controller | |
GGCP Holdings LLC Members: GGCP, Inc. Mario J. Gabelli | Manager and Member Member |
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Page 15 of 17 – SEC Filing
Teton Advisors, Inc. Directors: | |
Howard F. Ward Nicholas F. Galluccio Vincent J. Amabile John Tesoro | Chairman of the Board Chief Executive Officer and President |
Officers: | |
Howard F. Ward Nicholas F. Galluccio Michael J. Mancuso David Goldman Tiffany Hayden | See above See above Chief Financial Officer General Counsel Secretary |
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Page 16 of 17 – SEC Filing
Associated Capital Group, Inc. Directors: | |
Mario J. Gabelli | Chief Executive Officer and Chief Investment Officer of GGCP, Inc. Chairman & Chief Executive Officer of GAMCO Investors, Inc. Executive Chairman & Chief Executive Officer of Associated Capital Group, Inc. Director/Trustee of all registered investment companies advised by Gabelli Funds, LLC. |
Marc Gabelli | Chairman of The LGL Group, Inc. 2525 Shader Road Orlando, FL 32804 |
Richard L. Bready | Former Chairman and Chief Executive Officer Nortek, Inc. 50 Kennedy Plaza Providence, RI 02903 |
Bruce Lisman | Former Chairman – JP Morgan – Global Equity Division |
Daniel R. Lee | Chief Executive Officer Full House Resorts, Inc. 4670 South Ford Apache Road, Suite 190 Las Vegas, NV 89147 |
Salvatore F. Sodano | Vice Chairman of the Board (see above) |
Officers: | |
Mario J. Gabelli Marc Gabelli Patrick Dennis Kevin Handwerker | Chairman of the Board and Chief Executive Officer President Executive Vice President and Chief Financial Officer Executive Vice President, General Counsel and Secretary |