Parametric Portfolio Associates LLC Takes Position in Sparton Co. (NYSE:SPA)

Parametric Portfolio Associates LLC purchased a new position in shares of Sparton Co. (NYSE:SPA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 34,607 shares of the electronics maker’s stock, valued at approximately $761,000. Parametric Portfolio Associates LLC owned 0.35% of Sparton as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kennedy Capital Management Inc. boosted its stake in shares of Sparton by 47.2% during the 2nd quarter. Kennedy Capital Management Inc. now owns 658,849 shares of the electronics maker’s stock worth $14,488,000 after acquiring an additional 211,114 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Sparton during the 2nd quarter worth about $2,937,000. Alliancebernstein L.P. purchased a new stake in shares of Sparton during the 1st quarter worth about $1,418,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Sparton by 110.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 104,059 shares of the electronics maker’s stock worth $2,185,000 after acquiring an additional 54,549 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Sparton by 24.6% during the 1st quarter. FMR LLC now owns 230,267 shares of the electronics maker’s stock worth $4,833,000 after acquiring an additional 45,467 shares in the last quarter. 67.54% of the stock is currently owned by institutional investors.

Shares of Sparton Co. (NYSE:SPA) traded down $0.02 during trading on Wednesday, reaching $23.11. 47,563 shares of the company were exchanged, compared to its average volume of 97,663. The stock has a market cap of $227.87, a price-to-earnings ratio of 33.10 and a beta of 1.32. Sparton Co. has a 1 year low of $16.83 and a 1 year high of $25.00. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.69 and a quick ratio of 1.24.

Sparton (NYSE:SPA) last issued its quarterly earnings results on Thursday, November 9th. The electronics maker reported ($0.29) earnings per share for the quarter. The company had revenue of $82.76 million during the quarter. Sparton had a negative net margin of 0.43% and a positive return on equity of 8.52%.

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Sparton Profile

Sparton Corporation is a provider of design, development and manufacturing services for electromechanical devices, as well as engineered products complementary to the same electromechanical value stream. The Company operates through two segments: Manufacturing & Design Services (MDS) and Engineered Components & Products (ECP).

Institutional Ownership by Quarter for Sparton (NYSE:SPA)

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