Gabelli stepping out of Ryman

Various entities under the umbrella of New York-based GAMCO Investors have been busy in recent weeks unloading shares of Ryman Hospitalities Properties, the former Gaylord Entertainment. GAMCO, whose boss Mario Gabelli has been one of Gaylord's most vocal supporters and critics over the past decade and more, has sold off some $7 million worth of its large Ryman stake. It still owns about 12 percent of the Nashville-based company, which is converting into a real estate investment trust — a move Gabelli wasn't keen on. Shares of Ryman (Ticker: RHP), which recently went ex-dividend, are down slightly this morning at about $32.30.