Ownership Action Alert: 2016 Q2 Sentiment Sevcon Inc (NASDAQ:SEV)

November 21, 2016 - By Ellis Scott   ·   0 Comments

Ownership Action Alert:  2016 Q2 Sentiment Sevcon Inc (NASDAQ:SEV)

Sentiment for Sevcon Inc (NASDAQ:SEV)

Sevcon Inc (NASDAQ:SEV) institutional sentiment increased to 1.75 in Q2 2016. Its up 0.89, from 0.86 in 2016Q1. The ratio is more positive, as 6 investment managers opened new or increased holdings, while 7 decreased and sold their positions in Sevcon Inc. The investment managers in our partner’s database now hold: 1.99 million shares, down from 3.87 million shares in 2016Q1. Also, the number of investment managers holding Sevcon Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 4 Increased: 5 New Position: 1.

Sevcon, Inc. designs and sells motor controllers for zero emission electric and hybrid vehicles , under the Sevcon name. The company has a market cap of $50.28 million. The Firm operates through two divisions: electronic controls and capacitors. It currently has negative earnings. The electronic controls segment produces microprocessor control systems for zero emission and hybrid electric vehicles.

About 218 shares traded hands. Sevcon Inc (NASDAQ:SEV) has declined 14.32% since April 19, 2016 and is downtrending. It has underperformed by 18.18% the S&P500.

Analysts await Sevcon Inc (NASDAQ:SEV) to report earnings on December, 13.

According to Zacks Investment Research, “Sevcon, Inc., formerly known as Tech/Ops Sevcon Inc. is engaged in the design and manufacture of microprocessor based controls for zero emission electric vehicles. Its products find its application in varying the speed and movement of vehicles, to integrate specialized functions, and to optimize the energy consumption of the vehicle’s power source. The Company sells its products to manufacturers of on – and off-road vehicles including cars, trucks, buses, motorcycles, fork lift trucks, aerial lifts, mining vehicles, airport tractors, sweepers and other electrically powered vehicles. Its products are available in the United States, the United Kingdom, France, South Korea, and Japan. Sevcon, Inc. is based in Southborough, Massachusetts.”

Teton Advisors Inc. holds 0.42% of its portfolio in Sevcon Inc for 493,300 shares. Rathbone Brothers Plc owns 105,888 shares or 0.06% of their US portfolio. Moreover, Gamco Investors Inc. Et Al has 0.04% invested in the company for 693,866 shares. The New York-based Gabelli Funds Llc has invested 0.02% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 9 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 4 insider purchases, and 0 sales for $12.84 million net activity.

SEV Company Profile

Sevcon, Inc., incorporated on November 23, 1987, is engaged in the electronic controls business. Through wholly owned subsidiaries located in the United States, England, France, South Korea and Japan, the Company creates and sells, under the Sevcon name, microprocessor based controls for zero emission and hybrid electric vehicles. The controls are used to vary the speed and movement of vehicles, to integrate specialized functions and to prolong the shift life of vehicles’ power source. It operates in two divisions: electronic controls and capacitors. The electronic controls segment produces microprocessor based control systems for zero emission and hybrid electric vehicles. The capacitor segment produces special metalized film capacitors for sale to electronic equipment manufacturers.

More recent Sevcon Inc (NASDAQ:SEV) news were published by: Globenewswire.com which released: “Sevcon Introduces GEN5 Motor Controller for High-Performance On-Road Applications” on September 15, 2015. Also Seekingalpha.com published the news titled: “Here Is How You Play The Electric Car Revolution – Courtesy Of Meson Capital” on August 12, 2016. Bloomberg.com‘s news article titled: “Brexit Britain’s Building Plan Comes Undone Without Migrants” with publication date: November 15, 2016 was also an interesting one.

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By Ellis Scott

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