Royce & Associates LP Grows Stock Holdings in Park Aerospace Corp. (NYSE:PKE)

Royce & Associates LP boosted its holdings in Park Aerospace Corp. (NYSE:PKE) by 55.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 579,151 shares of the semiconductor company’s stock after purchasing an additional 207,478 shares during the quarter. Royce & Associates LP’s holdings in Park Aerospace were worth $8,485,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Private Advisor Group LLC increased its holdings in shares of Park Aerospace by 15.4% in the 4th quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company’s stock valued at $257,000 after acquiring an additional 2,335 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Park Aerospace by 1.3% in the third quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company’s stock valued at $5,502,000 after purchasing an additional 5,491 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Park Aerospace by 295.5% in the third quarter. JPMorgan Chase & Co. now owns 38,713 shares of the semiconductor company’s stock valued at $504,000 after purchasing an additional 28,924 shares during the last quarter. FMR LLC raised its holdings in Park Aerospace by 26.3% during the third quarter. FMR LLC now owns 26,336 shares of the semiconductor company’s stock worth $343,000 after purchasing an additional 5,492 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Park Aerospace by 295.7% during the 3rd quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock worth $335,000 after buying an additional 19,213 shares during the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Park Aerospace Stock Performance

PKE opened at $13.63 on Wednesday. Park Aerospace Corp. has a one year low of $11.96 and a one year high of $16.96. The stock has a market capitalization of $271.50 million, a P/E ratio of 37.85 and a beta of 0.40. The business’s 50-day simple moving average is $14.12 and its 200-day simple moving average is $14.14.

Park Aerospace (NYSE:PKE) last released its quarterly earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 EPS for the quarter. Park Aerospace had a return on equity of 7.02% and a net margin of 11.90%.

Park Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Wednesday, April 2nd. Park Aerospace’s dividend payout ratio is currently 138.89%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Park Aerospace from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd.

Park Aerospace Company Profile

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.