Sevcon Inc. (SEV): Billionaire Mario Gabelli’s GAMCO Investors Slightly Increases Its Stake

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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.

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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
Gabelli Funds 6,000 502,594 502,594 9.98%
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%

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Page 1 of 17 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934 (Amendment No. 41)
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)
______________________May 13, 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  .

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