Dimensional Fund Advisors LP lowered its stake in Sparton Corporation (NYSE:SPA) by 10.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 718,197 shares of the electronics maker’s stock after selling 87,862 shares during the period. Dimensional Fund Advisors LP owned about 7.32% of Sparton Corporation worth $15,075,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Acrospire Investment Management LLC raised its stake in shares of Sparton Corporation by 4.4% in the first quarter. Acrospire Investment Management LLC now owns 4,745 shares of the electronics maker’s stock valued at $100,000 after buying an additional 202 shares in the last quarter. American International Group Inc. raised its stake in shares of Sparton Corporation by 6.9% in the first quarter. American International Group Inc. now owns 5,762 shares of the electronics maker’s stock valued at $121,000 after buying an additional 373 shares in the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of Sparton Corporation during the first quarter valued at about $127,000. Trexquant Investment LP purchased a new stake in shares of Sparton Corporation during the first quarter valued at about $204,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sparton Corporation during the first quarter valued at about $285,000. 66.73% of the stock is owned by institutional investors.
Shares of Sparton Corporation (SPA) remained flat at $23.15 during mid-day trading on Tuesday. The company had a trading volume of 6,816 shares. The firm has a 50-day moving average of $22.92 and a 200-day moving average of $21.33. Sparton Corporation has a 52-week low of $16.83 and a 52-week high of $26.43. The company’s market capitalization is $227.66 million.
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SPA has been the subject of several research reports. TheStreet raised Sparton Corporation from a “d+” rating to a “c-” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered Sparton Corporation from a “hold” rating to a “sell” rating in a research note on Friday, May 12th.
About Sparton Corporation
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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