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Gabelli Investors Hold 517,691 Shares of Nobility Homes; Schedule 13D/A Filed

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

Rhea-AI Filing Summary

Gabelli-related investors disclosed a coordinated holding of 517,691 shares of Nobility Homes, representing 15.84% of the 3,268,998 shares outstanding. The filing lists multiple Gabelli entities including GAMCO Asset Management (273,350 shares, 8.36%), Gabelli Funds (146,891 shares, 4.49%), Teton Advisors (95,450 shares, 2.92%), and smaller holdings by the Gabelli Foundation and MJG Associates. The group reports using approximately $1,176,205 to acquire the reported shares, with client accounts funding a portion of purchases.

The Schedule 13D/A states the filing is made to ensure compliance when the Reporting Persons may communicate with issuer management. Recent purchase activity and per-trade prices for several funds and GAMCO are included in the filing.

Positive

  • Material disclosure of a coordinated 15.84% ownership position in Nobility Homes, increasing investor transparency
  • Detailed breakdown of holdings by affiliated entities: GAMCO (273,350; 8.36%), Gabelli Funds (146,891; 4.49%), Teton Advisors (95,450; 2.92%)
  • Transaction details provided including recent purchases and per-share prices showing active accumulation
  • Funding sources disclosed: approximately $1,176,205 deployed, with client accounts and working capital identified

Negative

  • None.

Insights

TL;DR: Gabelli-affiliated investors now hold a material 15.84% stake in NOBH, which is a meaningful ownership position that could influence outcomes.

The combined 15.84% position is large relative to the 3.27 million shares outstanding and is concentrated among affiliated investment advisers and funds, led by GAMCO with 8.36%. This level of ownership can be material for market perception and corporate engagement because it gives the group visibility and potential influence over governance or strategic discussions. Reported cash deployed (~$1.18 million) and recent purchases at prices in the high $26s to $28s show active accumulation rather than a legacy passive stake. Investors should note voting and dispositive power allocations described, including certain proxy voting committee provisions for fund shares.

TL;DR: The filing is material and informative but primarily documents ownership and procedural voting arrangements, not an explicit control or activist proposal.

The Schedule 13D/A provides clear attribution of shares across affiliated entities and explains voting/dispositive arrangements, including proxy voting committee triggers. While the stake is material at 15.84%, the filing does not state any specific plan to change management, seek board seats, or launch proposals. From a governance perspective, the disclosure increases transparency around potential coordinated action but stops short of describing any intent to exert control.






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






SCHEDULE 13D






SCHEDULE 13D


GAMCO INVESTORS, INC. ET AL
Signature:PETER D. GOLDSTEIN
Name/Title:GENERAL COUNSEL
Date:09/15/2025
GABELLI FUNDS LLC
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:09/15/2025
GAMCO Asset Management Inc.
Signature:DOUGLAS R. JAMIESON
Name/Title:PRESIDENT
Date:09/15/2025
GABELLI FOUNDATION, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:09/15/2025
MJG ASSOCIATES, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:09/15/2025
Teton Advisors, Inc.
Signature:DAVID GOLDMAN
Name/Title:COUNSEL
Date:09/15/2025
GGCP, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:09/15/2025
Associated Capital Group, Inc.
Signature:PETER D. GOLDSTEIN
Name/Title:CHIEF LEGAL OFFICER
Date:09/15/2025
GABELLI MARIO J
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:09/15/2025

FAQ

What stake does the Gabelli group report in Nobility Homes (NOBH)?

The Reporting Persons state an aggregate holding of 517,691 shares, representing 15.84% of the 3,268,998 shares outstanding.

Which Gabelli entities hold the largest positions in NOBH?

GAMCO Asset Management holds 273,350 shares (8.36%), Gabelli Funds holds 146,891 shares (4.49%), and Teton Advisors holds 95,450 shares (2.92%).

How much money was used to acquire the disclosed shares?

The Reporting Persons used approximately $1,176,205 in aggregate to purchase the additional securities reported.

Does the filing state any plan to change Nobility Homes' management or operations?

No. The filing explains it was made for compliance and transparency; it does not state any specific plan to change management, seek board seats, or launch proposals.

Are recent purchase prices disclosed in the filing?

Yes. Transactions list trade dates and prices, with recent purchases in the range of about $26.3750 to $28.1571 per share for certain funds and GAMCO entries.
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