Wells Fargo & Company MN Maintains Position in Sparton Co. (SPA)
Wells Fargo & Company MN continued to hold its stake in shares of Sparton Co. (NYSE:SPA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,622 shares of the electronics maker’s stock at the end of the second quarter. Wells Fargo & Company MN owned 0.07% of Sparton worth $146,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in SPA. Kennedy Capital Management Inc. grew its stake in Sparton by 47.2% in the second quarter. Kennedy Capital Management Inc. now owns 658,849 shares of the electronics maker’s stock worth $14,488,000 after purchasing an additional 211,114 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Sparton in the second quarter worth approximately $2,937,000. Schwab Charles Investment Management Inc. grew its stake in Sparton by 110.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 104,059 shares of the electronics maker’s stock worth $2,185,000 after purchasing an additional 54,549 shares in the last quarter. FMR LLC grew its stake in Sparton by 24.6% in the first quarter. FMR LLC now owns 230,267 shares of the electronics maker’s stock worth $4,833,000 after purchasing an additional 45,467 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in Sparton by 160.0% in the first quarter. TIAA CREF Investment Management LLC now owns 67,535 shares of the electronics maker’s stock worth $1,418,000 after purchasing an additional 41,562 shares in the last quarter. 65.34% of the stock is currently owned by institutional investors.
Shares of Sparton Co. (NYSE:SPA) traded down $0.03 during trading hours on Friday, reaching $23.21. The company had a trading volume of 29,748 shares, compared to its average volume of 106,120. Sparton Co. has a 52 week low of $16.83 and a 52 week high of $25.00. The company has a market capitalization of $228.26, a PE ratio of 33.16 and a beta of 1.33. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.24 and a current ratio of 2.69.
Sparton (NYSE:SPA) last announced its quarterly earnings data 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 8.52% and a negative net margin of 0.43%. The firm had revenue of $82.76 million during the quarter.
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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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