GAMCO Investors Amends 13D for Rush Enterprises Class B Stock

TL;DR

**GAMCO Investors just updated their stake in Rush Enterprises Class B shares via an Amendment 11 to their 13D.**

AI Summary

GAMCO Investors, Inc. filed an Amendment No. 11 to its Schedule 13D on February 15, 2024, regarding its beneficial ownership of Class B Common Stock in Rush Enterprises, Inc. The filing updates previous disclosures by GAMCO Investors, Inc. and its affiliates, indicating a continued or adjusted position in the company. David Goldman of GAMCO Investors, Inc. is listed as the contact person for notices related to this filing.

Why It Matters

This amendment signals an update to a significant investor's position in Rush Enterprises, Inc., which can influence market perception and potentially the company's strategic direction. Investors monitor 13D filings for insights into activist investor intentions or substantial ownership changes.

Risk Assessment

Risk Level: low — An amendment to a 13D filing typically updates existing information rather than signaling a new, high-risk event, making it a routine disclosure for significant shareholders.

Key Numbers

• Amendment No. 11 — Filing Amendment Number (Indicates multiple prior updates to the initial 13D filing.)
• 20240215 — Filing Date (Date the SC 13D/A was filed with the SEC.)
• 781846308 — CUSIP Number (Unique identifier for Rush Enterprises, Inc. Class B Common Stock.)

Key Players & Entities

• GAMCO Investors, Inc. (company) — Filer of SC 13D/A
• Rush Enterprises, Inc. (company) — Subject company of the filing
• David Goldman (person) — Contact person for GAMCO Investors, Inc.
• Rye, New York (company) — Location of GAMCO Investors, Inc.
• New Braunfels, TX (company) — Business address of Rush Enterprises, Inc.

FAQ

Filing Documents

• rushb_11.htm (SC 13D/A) — 171KB
• 0000807249-24-000025.txt ( ) — 173KB

Security and Issuer

Item 1. Security and Issuer This Amendment No. 11 to Schedule 13D on the Class B Common Stock of Rush Enterprises, Inc. (the "Issuer") is being filed on behalf of the undersigned to amend the Schedule 13D, as amended ( the "Schedule 13D" ), which was originally filed on December 12, 2008. Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meanings as set forth in the Schedule 13D.

Identity and Background

Item 2. Identity and Background

to Schedule 13D is amended, in pertinent part, as follows

Item 2 to Schedule 13D is amended, in pertinent part, as follows: This statement is being filed by various entities which except for LICT Corporation ("LICT) and CIBL, Inc. ("CIBL"), engage in various aspects of the securities business, primarily as investment adviser to various institutional and individual clients, including registered investment companies and pension plans, and as general partner or the equivalent of various private investment partnerships or private funds and as a registered broker-dealer. Certain of these entities may also make investments for their own accounts. Mario J. Gabelli ("Mario Gabelli") is deemed to directly or indirectly control these entities through his ownership interest. The foregoing persons in the aggregate often own beneficially more than 5% of a class of equity securities of a particular issuer. Although several of the foregoing persons are treated as institutional investors for purposes of reporting their beneficial ownership on the short-form Schedule 13G, the holdings of those who do not qualify as institutional investors may exceed the 1% threshold presented for filing on Schedule 13G or implementation of their investment philosophy may from time to time require action which could be viewed as not completely passive. In order to avoid any question as to whether their beneficial than on the short-form Schedule 13G and thereby to provide more expansive disclosure than may be necessary. (a), (b) and (c) - This statement is being filed by one or more of the following persons: GGCP, Inc. ("GGCP"), GGCP Holdings LLC ("GGCP Holdings"), GAMCO Investors, Inc. ("GBL"), Associated Capital Group, Inc. ("AC"), Gabelli Funds, LLC ("Gabelli Funds"), GAMCO Asset Management Inc. ("GAMCO"),

Interest In Securities Of The Issuer

Item 5. Interest In Securities Of The Issuer

to Schedule 13D is amended, in pertinent part, as follows

Item 5 to Schedule 13D is amended, in pertinent part, as follows: (a) The aggregate number of Securities to which this Schedule 13D relates is 1,751,425 shares, representing 10.70% of the 16,364,158 shares outstanding as reported by the Issuer in its most recently filed 8K, filed on February 14, 2024. This Amendment to Schedule 13D is being filed to reflect an increase in the percent of the outstanding shares beneficially owned by the Reporting Persons which is due to a decrease in the shares outstanding as reported by the Issuer on February 14, 2024. The Reporting Persons beneficially own those Securities as follows: Name Shares of Common Stock % of Class of Common GAMCO 1,107,475 6.77% Gabelli Funds 560,750 3.43% Teton Advisors 83,200 0.51% Mario Gabelli is deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons. AC, GBL and GGCP are deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons other than Mario Gabelli and the Foundation. (b) Each of the Reporting Persons and Covered Persons has the sole power to vote or direct the vote and sole power to dispose or to direct the disposition of the Securities reported for it, either for its own benefit or for the benefit of its investment clients or its partners, as the case may be, except that (i) GAMCO does not have the authority to vote 7,500 of its reported shares, (ii) Gabelli Funds has sole dispositive and voting power with respect to the shares of the Issuer held by the Funds so long as the aggregate voting interest of all joint filers does not exceed 25% of their total voting interest in the Issuer and, in that event, the Proxy Voting Committee of each Fund shall respectively vote that Fund's shares, (iii) at any time, the Proxy Voting Committee of each such Fund may take and exercise in its sole discretion the entire voting power with respect to the shares held by such fund under special circumst

View Full Filing

View this SC 13D/A filing on SEC EDGAR