GAMCO Investors Reports Stake in Standard Motor Products

TL;DR

**GAMCO INVESTORS NOW HOLDING SIGNIFICANT STAKE IN SMP - FILING SHOWS**

AI Summary

GAMCO Investors, Inc. et al. filed a Schedule 13D on August 16, 2024, reporting beneficial ownership of Standard Motor Products, Inc. The filing indicates a change in ownership or control, with GAMCO Investors, Inc. now holding a significant stake in the company. Specific details on the exact percentage and number of shares are not provided in this header information.

Why It Matters

This filing signals a potential shift in the shareholder landscape for Standard Motor Products, Inc., which could lead to changes in company strategy or governance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate activist investor involvement or significant stake-building, which can lead to volatility and strategic changes.

Key Players & Entities

• GAMCO INVESTORS, INC. ET AL (company) — Filing entity
• STANDARD MOTOR PRODUCTS, INC. (company) — Subject company
• 191 MASON STREET, GREENWICH, CT 06830 (address) — GAMCO Investors' business address
• 37-18 NORTHERN BLVD., LONG ISLAND CITY, NY 11101 (address) — Standard Motor Products' business address

FAQ

Key Financial Figures

• $2.00 — ame of Issuer) Common Stock, par value $2.00 per share (Title of Class of Securitie
• $17,283,602 — sons used an aggregate of approximately $17,283,602 to purchase the Securities reported as
• $17,068,818 — ned in Item 5. GAMCO used approximately $17,068,818 of funds that were provided through the
• $214,784 — clients. Foundation used approximately $214,784 of funds of a private entity to purchas

Filing Documents

• smp_00a.htm (SC 13D) — 251KB
• 0000807249-24-000095.txt ( ) — 252KB

Security and Issuer

Item 1. Security and Issuer The class of equity securities to which this statement on Schedule 13D relates is the Common Stock of Standard Motor Products, Inc. (the "Issuer"), a New York corporation with principal offices located at 37-18 Northern Blvd., Long Island City, New York 11101.

Identity and Background

Item 2. Identity and Background 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"), Teton Advisors, LLC ("Teton Advis

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration The Reporting Persons used an aggregate of approximately $17,283,602 to purchase the Securities reported as beneficially owned in Item 5. GAMCO used approximately $17,068,818 of funds that were provided through the accounts of certain of their investment advisory clients (and, in the case of some of such accounts at GAMCO, may be through borrowings from client margin accounts) in order to purchase the Securities for such clients. Foundation used approximately $214,784 of funds of a private entity to purchase the Securities reported by it.

Interest In Securities Of The Issuer

Item 5. Interest In Securities Of The Issuer (a) The aggregate number of Securities to which this Schedule 13D relates is 1,133,675 shares, representing 5.22% of the 21,712,938 shares outstanding as reported by the Issuer in its most recently filed Form 10-Q for the quarterly period ended June 30, 2024. The Reporting Persons beneficially own those Securities as follows: Name Shares of Common Stock % of Class of Common GAMCO 658,025 3.03% Gabelli Funds 321,500 1.48% Foundation 7,200 0.03% Keeley-Teton 111,950 0.52% MJG Associates 1,000 0.00% Teton Advisors 34,000 0.16% 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 6,300 of the 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 circumstances such as regulatory considerations, and (iv) the power of Mario Gabelli, AC, GBL, and GGCP is indirect with respect to Securities beneficially owned directly by oth

View Full Filing

View this SC 13D filing on SEC EDGAR