Rhumbline Advisers lifted its holdings in shares of Sparton Corporation (NYSE:SPA) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,596 shares of the electronics maker’s stock after buying an additional 150 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of Sparton Corporation worth $255,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. American International Group Inc. raised its stake in shares of Sparton Corporation by 6.9% during the 1st quarter. American International Group Inc. now owns 5,762 shares of the electronics maker’s stock worth $121,000 after buying an additional 373 shares during the period. Engine Capital Management LLC raised its stake in shares of Sparton Corporation by 4,104.5% during the 1st quarter. Engine Capital Management LLC now owns 6,517 shares of the electronics maker’s stock worth $137,000 after buying an additional 6,362 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Sparton Corporation during the 1st quarter worth approximately $252,000. Highbridge Capital Management LLC purchased a new stake in shares of Sparton Corporation during the first quarter worth approximately $308,000. Finally, Teachers Advisors LLC increased its position in shares of Sparton Corporation by 8.3% during the fourth quarter. Teachers Advisors LLC now owns 16,883 shares of the electronics maker’s stock worth $403,000 after purchasing an additional 1,294 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.
Sparton Corporation (NYSE:SPA) last posted its quarterly earnings results on Thursday, September 14th. The electronics maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.24 by $0.14. The business had revenue of $104.39 million during the quarter. Sparton Corporation had a return on equity of 11.18% and a net margin of 0.33%.
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Separately, TheStreet upgraded Sparton Corporation from a “d+” rating to a “c-” rating in a research report on Tuesday, July 25th.
Sparton Corporation Company 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).
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