13D Filing: Mario Gabelli’s GAMCO Investors Bumps Up Stake in Sevcon, Inc. (SEV)

Page 1 of 17

At Insider Monkey, we closely monitor the moves made by activist investors. Their targets are often undervalued stocks with firm foundations that for one reason or another have failed to execute. At times, all it takes is a fresh outlook and a slight tweak to completely alter the makeup and efficiency of a company, and activists can provide this. They also shine a spotlight on shareholder value creation, which can be neglected by entrenched management who often have their priorities elsewhere. Below and on the following pages we have embedded the latest 13D activist filing related to Sevcon Inc (NASDAQ:SEV), which was recently submitted by Mario Gabelli‘s GAMCO Investors, which was the only shareholder of the stock in our database at the end of 2015. The filing shows that Gabelli’s funds have purchased about 15,000 Sevcon shares in several small transactions in 2016. Gabelli’s funds have economic exposure to 2.24 million shares of Sevcon representing 44.33% of the company’s shares, when accounting for the 810,000 shares that could be received through the Series A Convertible Preferred Stock owned by the funds.

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
Gabelli Funds 4,100 492,589 492,589 9.76%
GAMCO Asset Management Inc.   956,400 988,690 988,690 19.59%
Teton Advisors, Inc.   750,543 750,543 750,543 14.87%
Gabelli Securities, Inc.   5,526 5,526 5,526 0.11%
GGCP, Inc.   0.00%
GAMCO Investors, Inc. 0.00%
Associated Capital Group, Inc. 0.00%
Mario J. Gabelli 0.00%

Follow Mario Gabelli's GAMCO Investors

Page 1 of 17 SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934 (Amendment No. 40)
Sevcon, Inc.
(Name of Issuer)
Common Stock $0.10 Par Value Per Share
(Title of Class of Securities)
(CUSIP Number)
David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
______________________February 16, 2016________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  .

Follow Sevcon Inc. (NASDAQ:SEV)

Page 1 of 17