Renaissance Technologies LLC Buys 112,205 Shares of Sparton Co. (SPA)

Renaissance Technologies LLC lifted its stake in Sparton Co. (NYSE:SPA) by 42.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 374,040 shares of the electronics maker’s stock after buying an additional 112,205 shares during the quarter. Renaissance Technologies LLC’s holdings in Sparton were worth $8,625,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in Sparton by 14.8% during 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 in the last quarter. Wells Fargo & Company MN increased its holdings in Sparton by 30.5% during the 4th quarter. Wells Fargo & Company MN now owns 13,750 shares of the electronics maker’s stock valued at $318,000 after purchasing an additional 3,212 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Sparton by 389.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,443 shares of the electronics maker’s stock valued at $195,000 after purchasing an additional 6,719 shares in the last quarter. Bessemer Group Inc. acquired a new stake in Sparton during the 4th quarter valued at $175,000. Finally, BlackRock Inc. increased its holdings in Sparton by 1.6% during the 4th quarter. BlackRock Inc. now owns 528,451 shares of the electronics maker’s stock valued at $12,186,000 after purchasing an additional 8,069 shares in the last quarter. 64.60% of the stock is owned by institutional investors and hedge funds.

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Separately, ValuEngine cut Sparton from a “buy” rating to a “hold” rating in a report on Monday, April 2nd.

NYSE SPA opened at $18.71 on Monday. The firm has a market capitalization of $184.01, a PE ratio of 17.82 and a beta of 1.40. Sparton Co. has a 52 week low of $16.35 and a 52 week high of $23.59. The company has a quick ratio of 1.01, a current ratio of 2.08 and a debt-to-equity ratio of 1.12.

Sparton (NYSE:SPA) last released its earnings results on Tuesday, February 6th. The electronics maker reported $0.45 EPS for the quarter. The company had revenue of $97.82 million during the quarter. Sparton had a positive return on equity of 13.20% and a negative net margin of 2.57%.

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Sparton Company 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).

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Institutional Ownership by Quarter for Sparton (NYSE:SPA)

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