Gabelli Funds LLC grew its holdings in Sparton Co. (NYSE:SPA) by 5.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 234,673 shares of the electronics maker’s stock after buying an additional 11,633 shares during the quarter. Gabelli Funds LLC owned 2.39% of Sparton worth $4,456,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Sparton by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 680,984 shares of the electronics maker’s stock valued at $12,932,000 after buying an additional 42,210 shares in the last quarter. BlackRock Inc. increased its position in shares of Sparton by 3.6% in the second quarter. BlackRock Inc. now owns 534,776 shares of the electronics maker’s stock valued at $10,155,000 after buying an additional 18,413 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Sparton by 10.3% in the second quarter. Bank of New York Mellon Corp now owns 77,028 shares of the electronics maker’s stock valued at $1,463,000 after buying an additional 7,185 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Sparton by 34.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 18,322 shares of the electronics maker’s stock valued at $348,000 after buying an additional 4,680 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Sparton in the first quarter valued at approximately $661,000. Institutional investors and hedge funds own 72.51% of the company’s stock.

Shares of SPA opened at $13.74 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.66 and a quick ratio of 1.38. Sparton Co. has a one year low of $11.95 and a one year high of $23.46. The company has a market cap of $141.42 million, a P/E ratio of 13.69 and a beta of 1.26.

Separately, ValuEngine cut Sparton from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd.

About Sparton

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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