Bamco Inc. NY Acquires Stake in Badger Meter

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Bamco Inc. NY, an investment management firm, has acquired a new stake in Badger Meter, Inc. (NYSE:BMI), a global leader in flow measurement and control solutions. According to a recent SEC filing, Bamco acquired 254,423 shares of Badger Meter's stock, valued at approximately $45.4 million, during the third quarter.

Why it matters

The acquisition of a significant stake in Badger Meter by a major investment firm like Bamco suggests confidence in the company's long-term growth potential. As a global leader in its industry, Badger Meter's performance is seen as an indicator of broader trends in the water utilities and industrial instrumentation sectors.

The details

Bamco Inc. NY now owns about 0.86% of Badger Meter's outstanding shares. The firm's investment comes as Badger Meter has seen its stock price decline from a 52-week high of $256.08 to around $146 per share currently. Several other institutional investors have also recently bought and sold Badger Meter shares, indicating ongoing interest in the company.

• Bamco Inc. NY acquired the 254,423 Badger Meter shares during the third quarter of the most recent fiscal year.
• Badger Meter's stock price has ranged from a 52-week high of $256.08 to a current price of around $146 per share.