Longfellow Investment Management Co. LLC Acquires 75,531 Shares of Sparton Co. (SPA)

Longfellow Investment Management Co. LLC grew its position in Sparton Co. (NYSE:SPA) by 163.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 121,640 shares of the electronics maker’s stock after buying an additional 75,531 shares during the period. Longfellow Investment Management Co. LLC’s holdings in Sparton were worth $2,805,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SPA. Russell Investments Group Ltd. raised its holdings in Sparton by 33.3% in the second quarter. Russell Investments Group Ltd. now owns 17,950 shares of the electronics maker’s stock worth $395,000 after buying an additional 4,488 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Sparton by 27.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 132,264 shares of the electronics maker’s stock worth $2,909,000 after buying an additional 28,205 shares during the last quarter. Rhumbline Advisers raised its holdings in Sparton by 1.3% in the second quarter. Rhumbline Advisers now owns 11,596 shares of the electronics maker’s stock worth $255,000 after buying an additional 150 shares during the last quarter. SG Americas Securities LLC purchased a new position in Sparton in the second quarter worth about $119,000. Finally, Bank of New York Mellon Corp raised its holdings in Sparton by 29.9% in the second quarter. Bank of New York Mellon Corp now owns 85,860 shares of the electronics maker’s stock worth $1,888,000 after buying an additional 19,780 shares during the last quarter. 63.04% of the stock is owned by institutional investors and hedge funds.

Separately, TheStreet cut shares of Sparton from a “c-” rating to a “d+” rating in a report on Friday, December 8th.

Shares of Sparton Co. (NYSE:SPA) traded down $0.02 during trading on Friday, reaching $23.17. 18,100 shares of the company’s stock traded hands, compared to its average volume of 41,300. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.69 and a quick ratio of 1.24. The stock has a market capitalization of $227.87, a PE ratio of -136.29 and a beta of 1.32. Sparton Co. has a twelve month low of $16.83 and a twelve month high of $24.71.

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. The firm had revenue of $82.76 million during the quarter. Sparton had a positive return on equity of 8.52% and a negative net margin of 0.43%.

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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).

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Institutional Ownership by Quarter for Sparton (NYSE:SPA)

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