Sparton Co. (NYSE:SPA) Stake Increased by GABELLI & Co INVESTMENT ADVISERS INC.

Share on StockTwits

GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Sparton Co. (NYSE:SPA) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,061 shares of the electronics maker’s stock after purchasing an additional 7,500 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. owned about 1.91% of Sparton worth $3,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SPA. Wells Fargo & Company MN raised its position in shares of Sparton by 59.1% during the 3rd quarter. Wells Fargo & Company MN now owns 10,538 shares of the electronics maker’s stock worth $244,000 after acquiring an additional 3,916 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of Sparton during the 4th quarter worth about $175,000. Gabelli Funds LLC raised its position in shares of Sparton by 38.3% during the 4th quarter. Gabelli Funds LLC now owns 214,940 shares of the electronics maker’s stock worth $4,957,000 after acquiring an additional 59,495 shares in the last quarter. Kassirer Asset Management Corp raised its position in shares of Sparton by 103.6% during the 4th quarter. Kassirer Asset Management Corp now owns 124,401 shares of the electronics maker’s stock worth $2,869,000 after acquiring an additional 63,300 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Sparton by 1.6% during the 4th quarter. BlackRock Inc. now owns 528,451 shares of the electronics maker’s stock worth $12,186,000 after acquiring an additional 8,069 shares in the last quarter. 68.02% of the stock is currently owned by institutional investors.

Separately, ValuEngine downgraded Sparton from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.

Sparton traded up $0.48, reaching $18.91, during mid-day trading on Wednesday, Marketbeat.com reports. 131,600 shares of the stock were exchanged, compared to its average volume of 91,858. The company has a market capitalization of $178.99 million, a PE ratio of 17.33 and a beta of 1.34. The company has a quick ratio of 1.38, a current ratio of 2.66 and a debt-to-equity ratio of 1.37. Sparton Co. has a 1 year low of $16.35 and a 1 year high of $23.59.

Sparton (NYSE:SPA) last released its quarterly earnings results on Wednesday, May 9th. The electronics maker reported $0.22 earnings per share (EPS) for the quarter. Sparton had a positive return on equity of 13.59% and a negative net margin of 2.53%. The firm had revenue of $93.94 million for the quarter.

Sparton Profile

Sparton Corporation, together with its subsidiaries, provides design, development, and manufacturing services for electromechanical devices; and engineered products in electromechanical value stream worldwide. The company operates through two segments, Manufacturing & Design Services (MDS), and Engineered Components & Products (ECP).

Institutional Ownership by Quarter for Sparton (NYSE:SPA)

Receive News & Ratings for Sparton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sparton and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply