Victory Capital Management Inc. Boosts Position in Park Aerospace Corp. (NYSE:PKE)

Victory Capital Management Inc. increased its holdings in shares of Park Aerospace Corp. (NYSE:PKE) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,494 shares of the semiconductor company’s stock after purchasing an additional 6,420 shares during the quarter. Victory Capital Management Inc.’s holdings in Park Aerospace were worth $2,630,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Park Aerospace during the fourth quarter worth approximately $132,000. Townsquare Capital LLC lifted its stake in Park Aerospace by 8.3% in the third quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 1,248 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Park Aerospace by 23.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock valued at $239,000 after buying an additional 3,507 shares during the last quarter. Private Advisor Group LLC lifted its stake in Park Aerospace by 15.4% in the fourth quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company’s stock valued at $257,000 after buying an additional 2,335 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Park Aerospace by 2,084.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,597 shares of the semiconductor company’s stock valued at $287,000 after buying an additional 18,700 shares during the last quarter. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Park Aerospace Trading Up 1.2 %

Shares of NYSE PKE opened at $13.48 on Monday. Park Aerospace Corp. has a twelve month low of $11.96 and a twelve month high of $16.96. The stock has a 50 day moving average of $14.15 and a two-hundred day moving average of $14.14. The stock has a market cap of $268.49 million, a P/E ratio of 37.43 and a beta of 0.40.

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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, April 2nd. Park Aerospace’s dividend payout ratio (DPR) is presently 138.89%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Park Aerospace from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd.

About Park Aerospace

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.