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Gabelli group reports 7.16% stake in Neostellar

Neostellar Capital Corp. (NSLR) has 7.16% of its common stock reported as beneficially owned by a group of Gabelli- and GAMCO-affiliated entities, totaling 1,895,410 shares of 26,473,222 shares outstanding as of June 30, 2026.

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Neostellar Capital Corp. (NSLR) has 7.16% of its common stock reported as beneficially owned by a group of Gabelli- and GAMCO-affiliated entities, totaling 1,895,410 shares of 26,473,222 shares outstanding as of June 30, 2026. The largest holder in the group is Gabelli Funds, LLC with 1,614,410 shares (6.10%), followed by GAMCO Asset Management Inc. with 274,000 shares (1.04%). Smaller positions are held by Gabelli & Company Investment Advisers, Inc. (2,000 shares) and Gabelli Foundation, Inc. (5,000 shares).

The reporting group used about $3.32 million of client and fund capital to acquire additional Neostellar shares since its prior ownership report, primarily through Gabelli Funds and GAMCO. They state that they are using the long-form Schedule 13D so they can regularly communicate with Neostellar’s management while remaining compliant with Exchange Act reporting obligations.

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Shares beneficially owned in NSLR 1,895,410 shares Total shares reported as beneficially owned by the Gabelli/GAMCO group
Beneficial ownership percentage 7.16% Portion of Neostellar’s 26,473,222 outstanding shares as of June 30, 2026
Shares outstanding 26,473,222 shares Neostellar Capital Corp. common stock outstanding as of June 30, 2026
Gabelli Funds, LLC holdings 1,614,410 shares (6.10%) Largest position among the reporting entities
GAMCO Asset Management holdings 274,000 shares (1.04%) Neostellar shares beneficially owned by GAMCO Asset Management Inc.
GCIA holdings 2,000 shares (0.01%) Neostellar shares beneficially owned by Gabelli & Company Investment Advisers, Inc.
Gabelli Foundation holdings 5,000 shares (0.02%) Neostellar shares beneficially owned by Gabelli Foundation, Inc.
Aggregate purchase cost for additional shares $3,318,846 Capital used by the reporting group to buy additional Neostellar shares since the prior report
beneficially own financial
"The aggregate number of Securities to which this relates is 1,895,410 shares, representing 7.16%"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Schedule 13D regulatory
"The Reporting Persons file the long form pursuant to Section 13d-1 of the Securities Exchange Act"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
investment adviser financial
"GAMCO, a wholly-owned subsidiary of GBL, is an investment adviser registered under the Investment Advisers Act"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
sole voting power financial
"Each of the Reporting Persons and Covered Persons has the sole power to vote or direct the vote"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
dispositive power financial
"sole power to dispose or to direct the disposition of the Securities reported for it"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much of Neostellar Capital Corp. (NSLR) do the Gabelli/GAMCO entities currently own?

They report beneficial ownership of 1,895,410 shares of Neostellar Capital Corp. common stock, representing 7.16% of the 26,473,222 shares outstanding as of June 30, 2026.

Which Gabelli entity holds the largest stake in Neostellar Capital Corp. (NSLR)?

Gabelli Funds, LLC holds the largest stake, reporting 1,614,410 shares of NSLR common stock, equal to 6.10% of the outstanding shares as of June 30, 2026.

What is GAMCO Asset Management Inc.’s position in Neostellar Capital Corp. (NSLR)?

GAMCO Asset Management Inc. reports beneficial ownership of 274,000 shares of Neostellar Capital Corp., representing 1.04% of the company’s outstanding common stock.

How much capital was used to buy additional Neostellar (NSLR) shares since the last ownership report?

The reporting group states it used an aggregate of approximately $3,318,846 to purchase additional Neostellar shares since its most recent prior ownership report.

Why are the Gabelli/GAMCO entities using a long-form Schedule 13D for NSLR?

They state they are filing the long-form Schedule 13D under Section 13d-1 so that, while they may regularly communicate with Neostellar’s management, those communications remain compliant with reporting obligations under the Exchange Act.

What recent trading activity in Neostellar (NSLR) is disclosed by Gabelli Funds and GAMCO?

They list multiple open-market purchases in early to mid-September 2026, including trades such as 35,000 shares at $10.0909 on September 8, 2026 and 20,000 shares at $7.8827 on September 15, 2026 for various Gabelli funds.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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86887Q109

(CUSIP Number)
DAVID GOLDMAN
191 MASON STREET,
GREENWICH, CT, 06830
914-921-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/15/2026

(Date of Event Which Requires Filing of This Statement)


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).




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SCHEDULE 13D


GAMCO INVESTORS, INC. ET AL
Signature:DAVID GOLDMAN
Name/Title:CHIEF LEGAL OFFICER
Date:09/16/2026
GABELLI FUNDS LLC
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:09/16/2026
GAMCO Asset Management Inc.
Signature:DOUGLAS R. JAMIESON
Name/Title:PRESIDENT
Date:09/16/2026
GABELLI & Co INVESTMENT ADVISERS, INC.
Signature:DOUGLAS R. JAMIESON
Name/Title:PRESIDENT
Date:09/16/2026
GABELLI FOUNDATION, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:09/16/2026
GGCP, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:09/16/2026
Associated Capital Group, Inc.
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:09/16/2026
GABELLI MARIO J
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:09/16/2026

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