Welcome to our dedicated page for Bowlin Travel news (Ticker: BWTL), a resource for investors and traders seeking the latest updates and insights on Bowlin Travel stock.
Bowlin Travel Centers, Inc. (BWTL) is a specialty retail company in the consumer cyclical sector whose common stock trades on the OTC Pink Sheets. The news flow around Bowlin centers on corporate actions, ownership disclosures, and communications that are particularly relevant for investors in smaller, over-the-counter traded companies.
Recent press releases from Bowlin Travel Centers, Inc. have focused on an issuer tender offer for its common shares. The company announced the commencement of a tender offer to repurchase shares from shareholders who are not directors, executive officers, or other insiders, on a pro rata basis, up to a defined dollar amount at a fixed cash price per share. Follow-up news detailed the closing of this offer and disclosed the aggregate number of shares validly tendered and not validly withdrawn as of the expiration date.
Another important category of news involves significant shareholder activity. GAMCO Asset Management Inc., an affiliate of GAMCO Investors, Inc., issued a press release stating that, together with certain affiliates and on behalf of its clients, it owned a disclosed number of Bowlin Travel Centers, Inc. common shares, representing a specified percentage of the company’s outstanding common stock. Because Bowlin is not an SEC registrant, GAMCO explained that it could not use a Schedule 13D filing and instead used the press release as its ownership notice.
On this news page, readers can review these types of announcements related to Bowlin Travel Centers, Inc., including tender offer milestones, share repurchase details, and ownership disclosures by major investors. For those tracking BWTL, monitoring such releases can provide insight into capital allocation decisions and the shareholder base of the company over time.
GAMCO Asset Management Inc., an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), has disclosed ownership of approximately 211,100 shares of Bowlin Travel Centers, Inc. (OTCPK: BWTL). This represents about 5.56% of Bowlin's total 3,797,043 outstanding shares.
Due to Bowlin not being an SEC registrant, GAMCO is using this press release instead of the usual Schedule 13D filing to disclose their ownership position. The company continues to actively purchase BWTL shares and manages assets through various subsidiaries including private advisory accounts and mutual funds.
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