Over the past week, Mario Gabelli has made several guru real time transactions. These transactions involve one new buy and an increase in two others. These real time picks represent purchases or sales of a stock in which a guru owns greater than a 5% stake. These real time picks help to keep you more closely informed. 

Trans-Lux Corp. (TNLX)

On Sept. 13 Gabelli made his first buy into Trans-Lux. The guru bought a total of 10,087,100 shares of the company’s stock. He bought these shares at an average price of $0.125 per share. Since his buy the price has increased 60% to $0.20 per share. 

Gabelli previously held on to Trans-Lux but closed out his position in 2011Q1. His updated position is the largest stake he’s ever taken with the company, with 38.92% of the company’s shares outstanding.

…..view more on Trans Lux & his other 2 positions HERE