Whatever the state of the economy, snack foods will always be an on-trend industry. Sure, when times are hard some people may cut down on snack expenditure, but this impact is nowhere near as widely felt as it is in other spaces, and this makes snack food a great allocation in both risk on and off environments. GAMCO agrees, as illustrated by its latest filing.

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Inventure Foods Inc. (NASDAQ:SNAK) reported that GAMCO Investors has picked up 1,101,140  of common stock as of 2017-01-17.

The acquisition brings the aggregate amount owned by GAMCO Investors to a total of 1,101,140 representing a 5.60% stake in the company.

For those not familiar with the company, Inventure Foods, Inc. is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers. The snack products segment produces potato chips, kettle chips, potato crisps, potato skins, pellet snacks, sheeted dough products and extruded products for sale primarily to snack food distributors and retailers. The products sold under its snack products segment includes products considered part of the indulgent specialty snack food category, as well as products considered part of the healthy/natural food category.

A glance at Inventure Foods Inc. (NASDAQ:SNAK)’s key stats reveals a current market capitalization of 109.30 million based on 19.67 million shares outstanding and a price at last close of $6.36 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-05-27, Lapadat picked up 7,000 at a purchase price of $7.25. This brings their total holding to 20,119 as of the date of the filing.

On the sell side, the most recent transaction saw Hammer unload 6,055 shares at a sale price of $7.16. This brings their total holding to 18,945.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Inventure Foods Inc. (NASDAQ:SNAK) as things move forward to see if its progress aligns with these transactions.

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