Activist company

Activist investor GAMCO increases stake in defense company Kaman (KAMN)

Fintel reports that GAMCO Investors has filed a Form 13D/A with the SEC disclosing ownership of 2,492,450 shares of Kaman Corporation (KAMN). This represents 8.9% of the company.

In their previous filing dated October 29, 2020, they declared 2,126,704 shares and 7.69% of the company, an increase in the number of shares of 17.20% and an increase in total ownership 1.21% (calculated as current – previous ownership percentage).

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut, operates in the aerospace and defense, industrial and medicine. Kaman produces and markets bearings and proprietary aircraft components; super precision miniature ball bearings; complex metallic and composite aerostructures for fixed and rotary wing commercial, military and general aviation aircraft; safe and weapon solutions for missile and bomb systems for US and allied armies; subcontracted helicopter work; restoration, modification and support of our SH-2G Super Seasprite maritime helicopters; manufacturing and supporting our manned and unmanned K-MAX® medium to heavy lift helicopters.

What are the other big shareholders doing?

State Street Corp holds 1,724,590 shares representing 6.16% ownership of the company. In its previous filing, the company said it held 1,458,842 shares, representing a raise of 15.41%. The company increase its portfolio allocation in KAMN by 3.02% in the last quarter.

Cardinal Capital Management Llc /ct holds 1,306,785 shares representing 4.66% ownership of the company. In its previous filing, the company said it held 1,260,135 shares, representing a raise of 3.57%. The company increase its portfolio allocation in KAMN by 4.20% in the last quarter.

Cramer Rosenthal Mcglynn Llc holds 1,129,775 shares representing 4.03% ownership of the company. In its previous filing, the company said it held 1,158,545 shares, representing a decrease 2.55%. The company decreases its portfolio allocation in KAMN by 8.95% in the last quarter.

Deprince Race & Zollo Inc holds 923,168 shares representing 3.29% ownership of the company. In its previous filing, the company said it held 967,207 shares, representing a decrease of 4.77%. The company decreases its portfolio allocation in KAMN by 18.51% in the last quarter.

What is the general institutional feeling?

There are 417 funds or institutions reporting positions in Kaman Corporation. This is an increase of 6 owner(s) or 1.46%.

Average portfolio weight of all funds dedicated to Kaman Corporation is 0.1127%, a decrease of 14.2972%. The total number of shares held by institutions has increased over the past three months by 0.74% to 29,843,582 shares.

This story originally appeared on Fintel.

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