Keeley Asset Management has increased its stake in Legg Mason six-fold, the Baltimore Business Journal reports.

A recent 13F filing reveals that Chicago-based Keeley owned 1,212,690 shares of the Baltimore-based investment firm on September 30, up from 200,750 in the previous quarter. At the time of the latest filing, the stake was worth $37.63 million.

The Baltimore Business Journal reports that Legg Mason's largest shareholders are Dodge & Cox, owner of 8.7 million shares, and Invesco, owner of 7.5 million shares. 

Edited by: Adam Kommel


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