Mario Gabelli is Doubling Down on These 5 Stocks

2. CAI International, Inc. (NYSE:CAI)

Number of Hedge Fund Holders: 24  

Percentage Increase in Stake During Q3: 170%

CAI International, Inc. (NYSE:CAI) is a California-based transportation finance firm. At the end of the third quarter of 2021, GAMCO Investors owned 107,724 shares in the company worth $6 million, representing 0.05% of the portfolio. 

CAI International, Inc. (NYSE:CAI) stock has skyrocketed since June after a merger deal with Mitsubishi HC Capital worth $1.1 billion was announced. The stockholders of the company approved the deal in September. 

At the end of the second quarter of 2021, 24 hedge funds in the database of Insider Monkey held stakes worth $210 million in CAI International, Inc. (NYSE:CAI), up from 17 in the preceding quarter worth $123 million.