Filings Don’t Lie: Mario Gabelli’s Gamco Investors, Inc Et Al Just Opened Huge Inventure Foods, Inc Position

Filings Don't Lie: Mario Gabelli's Gamco Investors, Inc Et Al Just Opened Huge Inventure Foods, Inc Position

The New Mario Gabelli’s Gamco Investors, Inc Et Al Holding in Inventure Foods, Inc

Gamco Investors, Inc Et Al filed with the SEC SC 13D/A form for Inventure Foods, Inc. The form can be accessed here: 000080724916000471. As reported in Mario Gabelli’s Gamco Investors, Inc Et Al’s form, the filler as of late owns 4.77% or 938,347 shares of the Consumer Staples–company.

Inventure Foods, Inc stake is a new one for the for the hedge fund and it was filed because of activity on November 4, 2016. We feel this shows Mario Gabelli’s Gamco Investors, Inc Et Al’s positive view for the stock.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Mario Gabelli’s Gamco Investors, Inc Et Al’s US equities portfolio is in this sector.

Inventure Foods, Inc Institutional Sentiment

Latest Security and Exchange filings show 85 investors own Inventure Foods, Inc. The institutional ownership in Q3 2015 is high, at 83.42% of the outstanding shares. This is increased by 637479 the total institutional shares. 16408651 were the shares owned by these institutional investors. In total 12 funds opened new Inventure Foods, Inc stakes, 29 increased stakes. There were 15 that closed positions and 31 reduced them.

New Jersey Better Educational Savings Trust is an institutional investor bullish on Inventure Foods, Inc, owning 104000 shares as of Q3 2015 for 0.66% of its portfolio. Punch & Associates Investment Management Inc owns 695595 shares or 0.85% of its portfolio. DE Ashford Capital Management Inc have 1.13% of their stock portfolio for 543145 shares. Further, Lyon Street Capital Llc reported stake worth 0.91% of its US stock portfolio. The CA First Wilshire Securities Management Inc owns 714161 shares. Inventure Foods, Inc is 1.67% of the manager’s US portfolio.

Business Profile

Inventure Foods, Inc. is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers. The snack products segment produces potato chips, kettle chips, potato crisps, potato skins, pellet snacks, sheeted dough products and extruded products for sale primarily to snack food distributors and retailers. The products sold under its snack products segment includes products considered part of the indulgent specialty snack food category, as well as products considered part of the healthy/natural food category. Its Frozen Products segment’s brands include Rader Farms, Jamba and Fresh Frozen. Its Snack Products segment’s brands include Boulder Canyon, Nathan’s Famous, T.G.I. Friday’s, Poore Brothers, Bob’s Texas Style and Vidalia.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.55, from 1.52 in 2016Q1. The ratio is negative, as 6 funds sold all Inventure Foods Inc shares owned while 29 reduced positions. 9 funds bought stakes while 25 increased positions. They now own 17.70 million shares or 0.08% less from 17.71 million shares in 2016Q1.

Cutter Company Brokerage has 122,900 shares for 0.41% of their US portfolio. Blackrock Fund Advsrs accumulated 498,776 shares or 0% of the stock. Wall Street Associates accumulated 0.82% or 261,500 shares. Da Davidson And Company accumulated 0% or 2,929 shares. New Jersey Better Educational Savings accumulated 0.68% or 130,000 shares. Schwab Charles Investment Mgmt has 0% invested in the company for 29,000 shares. Moreover, Invesco Ltd has 0% invested in Inventure Foods Inc (NASDAQ:SNAK) for 26,870 shares. Teton Advsrs Inc owns 314,331 shares or 0.22% of their US portfolio. Punch & Assoc Investment Mgmt Inc, a Minnesota-based fund reported 607,821 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in Inventure Foods Inc (NASDAQ:SNAK) for 736 shares. Jpmorgan Chase & Co accumulated 7,605 shares or 0% of the stock. Envestnet Asset Management has 3,808 shares for 0% of their US portfolio. Teachers Advsr holds 0% or 25,894 shares in its portfolio. First Trust Ltd Partnership holds 0% of its portfolio in Inventure Foods Inc (NASDAQ:SNAK) for 10,123 shares. Grt Cap Prtnrs Ltd Llc last reported 0.04% of its portfolio in the stock.

Insider Transactions: Since May 27, 2016, the stock had 1 buy, and 0 insider sales for $50,750 net activity. The insider Lapadat Paul J bought 7,000 shares worth $50,750.

About 48,771 shares traded hands. Inventure Foods Inc (NASDAQ:SNAK) has risen 40.43% since April 5, 2016 and is uptrending. It has outperformed by 38.48% the S&P500.

Inventure Foods, Inc. is a marketer and maker of healthy/natural and indulgent specialty snack food brands. The company has a market cap of $142.36 million. The Firm operates in two divisions: frozen products and snack products. It currently has negative earnings. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers.

Inventure Foods Inc (NASDAQ:SNAK) Ratings Coverage

Out of 6 analysts covering Inventure Foods (NASDAQ:SNAK), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $13 is the highest target while $8 is the lowest. The $10.17 average target is 31.40% above today’s ($7.74) stock price. Inventure Foods has been the topic of 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Canaccord Genuity on Tuesday, January 19. The stock has “Buy” rating given by Canaccord Genuity on Wednesday, August 5. The firm earned “Buy” rating on Monday, December 14 by DA Davidson. The firm earned “Neutral” rating on Friday, November 6 by DA Davidson. The firm has “Buy” rating by TH Capital given on Friday, November 6. The stock has “Buy” rating given by Wunderlich on Friday, February 26. The firm has “Buy” rating by Roth Capital given on Monday, March 21. On Wednesday, November 18 the stock rating was initiated by Wunderlich with “Buy”.

More recent Inventure Foods Inc (NASDAQ:SNAK) news were published by: Foodbusinessnews.net which released: “Inventure Foods explores strategic options” on July 27, 2016. Also Seekingalpha.com published the news titled: “Inventure Foods, Inc.: M&A Target” on May 06, 2016. Prnewswire.com‘s news article titled: “Inventure Foods Expands Its Frozen Food Manufacturing Footprint With New …” with publication date: January 19, 2016 was also an interesting one.

According to Zacks Investment Research, “Inventure Foods, Inc., formerly known as Inventure Group, Inc., is engaged in the development, production, marketing, and distribution of natural and indulgent specialty snack food brands. The Company manufactures and sells under a variety of Company owned or licensed brand names, including T.G.I. Friday’s, BURGER KING, Jamba, Rader Farms, Boulder Canyon Natural Foods, Poore Brothers, Tato Skins and Bob’s Texas Style. It operates in three segments: manufactured snack products, berry products and distributed products. The manufactured snack products segment produces potato chips, potato crisps and potato skins. The berry products segment grows, processes, and markets berry blends, raspberries, blueberries, and rhubarb, as well as resells marionberries, cherries, cranberries, strawberries, and other fruits. The distributed products segment sells snack food products manufactured by other companies. The Company is headquartered in Phoenix, Arizona with manufacturing facilities in Arizona, Indiana and Washington.”

SNAK Company Profile

Inventure Foods, Inc., incorporated on February 23, 1995, is a marketer and maker of healthy/natural and indulgent specialty snack food brands. The Firm operates in two divisions: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers. The snack products segment produces potato chips, kettle chips, potato crisps, potato skins, pellet snacks, sheeted dough products and extruded products for sale primarily to snack food distributors and retailers. The products sold under its snack products segment includes products considered part of the indulgent specialty snack food category, as well as products considered part of the healthy/natural food category. The Company’s Frozen Products segment’s brands include Rader Farms, Jamba and Fresh Frozen. The Company’s Snack Products segment’s brands include Boulder Canyon, Nathan’s Famous, T.G.I. Friday’s, Poore Brothers, Bob’s Texas Style and Vidalia.

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