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Gabelli Funds, GAMCO Report Combined 1.51M Shares of FFIC; Active Trades Shown

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Gabelli-related reporting persons disclosed ownership of 1,509,591 shares of Flushing Financial Corp, equal to 4.47% of 33,778,438 outstanding shares. The filing breaks down holdings: GAMCO Asset Management 961,650 shares (2.85%), Gabelli Funds 413,741 shares (1.22%), Teton Advisors 132,000 shares (0.39%) and Associated Capital Group 2,200 shares (0.01%). The amendment lists detailed purchases and sales by multiple Gabelli funds and GAMCO between June and August 2025, showing both acquisitions and dispositions across fund vehicles at prices roughly in the $11.50–$12.95 range. The filing also states the Reporting Persons ceased to be beneficial owners of more than 5% of the issuer on August 20, 2025.

Positive

  • Aggregate ownership disclosed: Reporting Persons hold 1,509,591 shares (4.47%) of FFIC, providing clear position data
  • Detailed transaction history provided: Purchases and sales between June and August 2025 are itemized with dates and prices, improving transparency

Negative

  • Below control threshold: Combined stake is 4.47%, and Reporting Persons ceased to be >5% owners on August 20, 2025, limiting influence
  • Net dispositions by GAMCO and certain funds: Multiple sales listed in June–August 2025 suggest reduced holdings by some reporting entities

Insights

TL;DR: Gabelli entities hold a combined 4.47% of FFIC, dominated by GAMCO's 2.85%, with active trading in June–August 2025.

The filing discloses a non-controlling but notable combined position of 4.47% in Flushing Financial, with GAMCO as the largest single reporting holder at 961,650 shares. Detailed transaction records across multiple Gabelli funds and GAMCO show both purchases and net sales during June–August 2025 at prices roughly between $11.50 and $12.95, indicating active portfolio management rather than a static large stake. For investors, this signals disclosure and monitoring by institutional managers but no immediate change to control or governance given the sub-5% aggregate stake.

TL;DR: Disclosure strengthens transparency; aggregated holdings remain below a 5% control threshold as of August 20, 2025.

The Schedule 13D/A provides required transparency about persons and entities linked to Mario Gabelli and related firms, detailing ownership percentages and voting/dispositive powers. The statement clarifies voting limitations for certain fund shares and notes indirect power among affiliated entities. Because the combined position is 4.47% and the filing states they ceased to exceed 5% on August 20, 2025, there is no indication of heightened governance influence from these reporting persons under current holdings.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


GAMCO INVESTORS, INC. ET AL
Signature:PETER D. GOLDSTEIN
Name/Title:GENERAL COUNSEL
Date:08/21/2025
GABELLI FUNDS LLC
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:08/21/2025
GAMCO Asset Management Inc.
Signature:DOUGLAS R. JAMIESON
Name/Title:PRESIDENT
Date:08/21/2025
Teton Advisors, Inc.
Signature:DAVID GOLDMAN
Name/Title:COUNSEL
Date:08/21/2025
GGCP, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:08/21/2025
Associated Capital Group, Inc.
Signature:PETER D. GOLDSTEIN
Name/Title:CHIEF LEGAL OFFICER
Date:08/21/2025
GABELLI MARIO J
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:08/21/2025

FAQ

What percentage of Flushing Financial (FFIC) do the Gabelli reporting persons hold?

The Reporting Persons collectively beneficially own 1,509,591 shares, representing 4.47% of the 33,778,438 shares outstanding.

How many shares does GAMCO Asset Management directly hold in FFIC?

GAMCO Asset Management is reported to beneficially own 961,650 shares, equal to 2.85% of the class.

Did the Gabelli group exceed a 5% ownership threshold?

No. The filing states the Reporting Persons ceased to be beneficial owners of more than five percent of the issuer on August 20, 2025.

What timeframe do the disclosed transactions cover?

The transaction table shows purchases and sales executed between June and August 2025, with prices roughly between $11.50 and $12.95 per share.

Which Gabelli-related entity holds the second-largest position in FFIC?

Gabelli Funds LLC holds 413,741 shares, representing approximately 1.22% of the outstanding shares.

Are there any voting or dispositive power limitations disclosed?

Yes. The filing notes specific limitations, including that GAMCO lacks authority to vote 2,000 reported shares and certain Fund Proxy Voting Committees may exercise voting power under specified conditions.
Flushing Finl Corp

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