In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Sevcon Inc. (NASDAQ:SEV) reported that Meson Capital Partners Llc has picked up 198,868 of common stock as of 2017-07-21.
The acquisition brings the aggregate amount owned by Meson Capital Partners Llc to a total of 198,868 representing a 3.3% in the company.
For those not familiar with the company, Sevcon, Inc. designs and sells motor controllers for zero emission electric and hybrid vehicles (EVs), under the Sevcon name. The Company’s controls are used to vary the speed and movement of vehicles to integrate specialized functions and to optimize the energy consumption of the vehicle’s power source. The Company operates through three segments: electronic controls, capacitors and battery chargers. The electronic controls segment produces microprocessor-based control systems for zero emission and hybrid electric vehicles. The electronic controls segment produces special-metalized film capacitors for sale to electronic equipment manufacturers. The capacitor segment produces special-metalized film capacitors for sale to electronic equipment manufacturers. The capacitor segment has a plant, which is located at Wales. The battery chargers segment designs and manufactures battery chargers for electric vehicles. The battery chargers segment has a plant, which is located at Italy.
A glance at Sevcon Inc. (NASDAQ:SEV)’s key stats reveals a current market capitalization of 123.52 Million based on 5.68 Million shares outstanding and a price at last close of $21.79 Per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2016-07-06, Bassi picked up 110,000 at a purchase price of $9.12.This brings their total holding to 610,000 as of the date of the filing.
On the sell side, the most recent transaction saw Start unload 7,000 shares at a sale price of $12.26. This brings their total holding to 21,000.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Sevcon Inc. (NASDAQ:SEV) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.