Gabelli Funds LLC Has $1.71 Million Position in The L.S. Starrett Company (NYSE:SCX)

Gabelli Funds LLC raised its stake in The L.S. Starrett Company (NYSE:SCX) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 403,351 shares of the company’s stock after purchasing an additional 42,801 shares during the period. Gabelli Funds LLC owned 0.06% of The L.S. Starrett worth $1,706,000 at the end of the most recent quarter.

Separately, Gamco Investors INC. ET AL grew its stake in shares of The L.S. Starrett by 20.8% in the third quarter. Gamco Investors INC. ET AL now owns 472,267 shares of the company’s stock valued at $1,393,000 after acquiring an additional 81,363 shares in the last quarter. Institutional investors and hedge funds own 41.82% of the company’s stock.

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SCX stock opened at $6.14 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.72 and a current ratio of 3.41. The company’s 50-day simple moving average is $4.95 and its 200 day simple moving average is $3.82. The L.S. Starrett Company has a 52 week low of $2.51 and a 52 week high of $6.20.

In other The L.S. Starrett news, Director Thomas J. Riordan purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 3rd. The shares were acquired at an average cost of $4.13 per share, for a total transaction of $41,300.00. Following the completion of the purchase, the director now owns 57,340 shares of the company’s stock, valued at approximately $236,814.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.15% of the company’s stock.

The L.S. Starrett Company Profile

The L.S. Starrett Company, together with its subsidiaries, manufactures and sells industrial, professional, and consumer measuring and cutting tools, and related products in the United States, Canada, Mexico, Brazil, China, the United Kingdom, Australia, and New Zealand. The company's products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and reciprocating saw blades, as well as M1 lubricant and precision ground flat stock products.

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