In a recent 13D/A filing with the US SEC, billionaire Mario Gabelli‘s GAMCO Investors reported holding 2.28 million common shares of Sevcon Inc. (NASDAQ:SEV), which account for 45.36% of the company’s outstanding stock. There has been a slight increase in the number of shares owned by GAMCO Investors, as they have reported in a previous 13D/A filing in February, holding 2.24 million shares, or 44.33% of the total amount of shares.
Sevcon (NASDAQ:SEV) is a company that creates and sells motor controllers for zero emission electric and hybrid vehicles, operating through two sectors – electronic controls and capacitors. Since the beginning of the year, Sevcon’s stock has lost 7.92%. For the second quarter of the fiscal 2016, the company, which has a market cap of $39 million, reported a loss per share of $0.43, and revenue of $13.2 million, compared to earnings per share of $0.16 and revenue of $10.3 for the same quarter of the previous fiscal year. In February Sevcon (NASDAQ:SEV) has acquired a private company that produces battery chargers for electric vehicles, Bassi S.r.l. The latest addition to their Sevcon’s product catalog was GEN5 motor controller for high-performance on-road applications, and it was introduced in September.
Among the investors we track, GAMCO Investors is the only shareholder of Sevcon.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|GAMCO Asset Management Inc. I.D. No. 13-40445||980,270||1,019,511||1,019,511||20.24%|
|Teton Advisors, Inc. I.D. No. 13-4008049||756,111||756,111||756,111||15.01%|
|Gabelli Securities, Inc. I.D. No. 13-3379374||6,540||6,540||6,540||0.13%|
|GGCP, Inc. I.D. No. 13-3056041||0.00%|
|GAMCO Investors, Inc. I.D. No. 13-400786||0.00%|
|Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b)||0.00%|
|Mario J. Gabelli||0.00%|