Gabelli Asset Management of Rye, N.Y has announced that it has completed a first stock buyback program and has extended it.

Through March 1, Gabelli had repurchased 510,900 shares at an average cost of $17.38 per share, totaling nearly $8.9 million, according to the company. The company's opening price March 5 was $28.85, according to Morningstar of Chicago.

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