Gabelli Funds LLC Purchases 59,495 Shares of Sparton Co. (SPA)

Gabelli Funds LLC boosted its position in Sparton Co. (NYSE:SPA) by 38.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 214,940 shares of the electronics maker’s stock after purchasing an additional 59,495 shares during the quarter. Gabelli Funds LLC owned about 2.19% of Sparton worth $4,957,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPA. Fondren Management LP acquired a new position in Sparton in the 2nd quarter valued at $110,000. Bessemer Group Inc. acquired a new position in Sparton in the 4th quarter valued at $175,000. The Manufacturers Life Insurance Company raised its stake in Sparton by 14.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,355 shares of the electronics maker’s stock valued at $183,000 after purchasing an additional 1,080 shares during the last quarter. Citigroup Inc. raised its stake in Sparton by 4,440.8% in the 2nd quarter. Citigroup Inc. now owns 8,673 shares of the electronics maker’s stock valued at $190,000 after purchasing an additional 8,482 shares during the last quarter. Finally, Thrivent Financial For Lutherans acquired a new position in Sparton in the 2nd quarter valued at $220,000. 62.76% of the stock is owned by hedge funds and other institutional investors.

Separately, TheStreet downgraded Sparton from a “c-” rating to a “d+” rating in a research note on Friday, December 8th.

Sparton Co. (NYSE:SPA) opened at $22.68 on Monday. Sparton Co. has a 52 week low of $16.83 and a 52 week high of $24.71. The company has a quick ratio of 1.24, a current ratio of 2.08 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $223.05, a price-to-earnings ratio of -22.68 and a beta of 1.22.

Sparton (NYSE:SPA) last issued its earnings results on Thursday, November 9th. The electronics maker reported ($0.29) earnings per share (EPS) for the quarter. Sparton had a positive return on equity of 13.20% and a negative net margin of 2.57%. The company had revenue of $82.76 million during the quarter.

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About Sparton

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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