Royce & Associates LP increased its stake in Park Aerospace Corp. (NYSE:PKE – Get Rating) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 119,116 shares of the semiconductor company’s stock after purchasing an additional 7,033 shares during the quarter. Royce & Associates LP’s holdings in Park Aerospace were worth $1,554,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lazard Asset Management LLC increased its holdings in shares of Park Aerospace by 83.5% in the 4th quarter. Lazard Asset Management LLC now owns 6,533 shares of the semiconductor company’s stock worth $86,000 after buying an additional 2,972 shares during the last quarter. Ellevest Inc. increased its holdings in shares of Park Aerospace by 19.1% in the 1st quarter. Ellevest Inc. now owns 9,279 shares of the semiconductor company’s stock worth $121,000 after buying an additional 1,488 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Park Aerospace in the 4th quarter worth $143,000. Yousif Capital Management LLC bought a new position in shares of Park Aerospace in the 4th quarter worth $236,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Park Aerospace in the 4th quarter worth $318,000. 81.19% of the stock is currently owned by institutional investors.
Park Aerospace Price Performance
Shares of NYSE:PKE opened at $12.80 on Friday. The company’s fifty day moving average price is $12.35 and its 200-day moving average price is $12.67. The firm has a market capitalization of $261.86 million, a price-to-earnings ratio of 34.60 and a beta of 0.62. Park Aerospace Corp. has a one year low of $11.27 and a one year high of $15.55.
Park Aerospace Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 4th. Stockholders of record on Friday, July 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.13%. Park Aerospace’s dividend payout ratio (DPR) is 108.11%.
Park Aerospace Company Profile
Park Aerospace Corp. 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 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.
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