November 16, 2016 - By Pete Kolinski · 0 Comments
The stock of Sparton Corporation (NYSE:SPA) registered a decrease of 10% in short interest. SPA’s total short interest was 755,400 shares in November as published by FINRA. Its down 10% from 839,300 shares, reported previously. With 114,000 shares average volume, it will take short sellers 7 days to cover their SPA’s short positions. The short interest to Sparton Corporation’s float is 8.62%. About 10,067 shares traded hands. Sparton Corporation (NYSE:SPA) has risen 18.95% since April 14, 2016 and is uptrending. It has outperformed by 14.26% the S&P500.
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 has a market cap of $230.25 million. The Firm operates through two divisions: Manufacturing & Design Services and Engineered Components & Products (ECP). It currently has negative earnings. The Firm serves the medical and biotechnology, military and aerospace, and industrial and commercial markets.
Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.02, from 1.1 in 2016Q1. The ratio worsened, as 6 funds sold all Sparton Corporation shares owned while 20 reduced positions. 8 funds bought stakes while 20 increased positions. They now own 5.60 million shares or 41.42% less from 9.56 million shares in 2016Q1.
First Manhattan accumulated 254 shares or 0% of the stock. Kennedy Capital Mngmt Inc owns 485,807 shares or 0.21% of their US portfolio. Renaissance Techs Limited Co holds 0.01% or 196,035 shares in its portfolio. Vanguard Group Inc last reported 296,946 shares in the company. Blackrock Inc has 628 shares for 0% of their US portfolio. Moreover, Earnest Ptnrs Limited Liability has 0% invested in Sparton Corporation (NYSE:SPA) for 1,600 shares. Blackrock Fund reported 242,337 shares or 0% of all its holdings. Integral Derivatives Lc holds 0.01% or 19,177 shares in its portfolio. Spot Trading Ltd holds 0.01% or 31,863 shares in its portfolio. Legal & General Gru Public Limited Liability holds 0% of its portfolio in Sparton Corporation (NYSE:SPA) for 1,861 shares. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. California State Teachers Retirement holds 0% of its portfolio in Sparton Corporation (NYSE:SPA) for 19,658 shares. State Board Of Administration Of Florida Retirement Sys holds 0% or 13,642 shares in its portfolio. The Ontario – Canada-based Manufacturers Life Company The has invested 0% in Sparton Corporation (NYSE:SPA). Parallax Volatility Advisers Lp holds 159,575 shares or 0.01% of its portfolio.
Out of 3 analysts covering Sparton Corp (NYSE:SPA), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Sparton Corp has been the topic of 4 analyst reports since October 5, 2015 according to StockzIntelligence Inc. The stock of Sparton Corporation (NYSE:SPA) has “Buy” rating given on Monday, October 5 by Sidoti. The firm earned “Neutral” rating on Wednesday, May 4 by Sidoti. The firm has “Buy” rating given on Thursday, February 4 by B. Riley & Co. CJS Securities downgraded the stock to “Market Perform” rating in Tuesday, September 20 report.
Sparton Corporation, incorporated on December 29, 1919, is a well-known provider of design, development and manufacturing services for electromechanical devices, as well as engineered products complementary to the same electromechanical value stream. The Firm operates through two divisions: Manufacturing & Design Services (MDS) and Engineered Components & Products (ECP). The Firm serves the medical and biotechnology, military and aerospace, and industrial and commercial markets. The Company’s services and products include offerings for original equipment manufacturers (OEM) and emerging technology (ET) customers, which utilize microprocessor systems, such as transducers, printed circuit boards and assemblies, sensors and electromechanical components, as well as development and design engineering services relating to these product sales. The Firm develops and makes sonobuoys and anti-submarine warfare (ASW) devices used by the United States Navy, as well as by foreign governments that meet Department of State licensing requirements. The Firm also makes rugged flat panel display systems for military panel personal computer workstations, air traffic control and industrial applications, as well as industrial grade computer systems and peripherals.
More notable recent Sparton Corporation (NYSE:SPA) news were published by: Businesswire.com which released: “Sparton Corporation Reports Fiscal 2017 First Quarter Results” on November 08, 2016, also Businesswire.com with their article: “Sparton Corporation Explores Potential Sale Transaction” published on April 27, 2016, Prnewswire.com published: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on February 08, 2016. More interesting news about Sparton Corporation (NYSE:SPA) were released by: Businesswire.com and their article: “Sparton Corporation To Consolidate Its Irvine Design and Manufacturing Sites” published on November 09, 2015 as well as Businesswire.com‘s news article titled: “Sparton Corporation Explores Strategic Alternatives” with publication date: March 16, 2016.
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By Pete Kolinski