Park Aerospace Corp. (NYSE:PKE) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in shares of Park Aerospace Corp. (NYSE:PKE) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,039 shares of the semiconductor company’s stock after buying an additional 1,764 shares during the period. Wells Fargo & Company MN’s holdings in Park Aerospace were worth $3,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Park Aerospace during the fourth quarter valued at about $132,000. Private Advisor Group LLC raised its holdings in shares of Park Aerospace by 15.4% in the fourth quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company’s stock worth $257,000 after buying an additional 2,335 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Park Aerospace by 2,084.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 19,597 shares of the semiconductor company’s stock worth $287,000 after buying an additional 18,700 shares during the period. Barclays PLC grew its holdings in shares of Park Aerospace by 295.7% during the third quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock valued at $335,000 after buying an additional 19,213 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Park Aerospace by 113.3% during the fourth quarter. LPL Financial LLC now owns 22,936 shares of the semiconductor company’s stock valued at $336,000 after buying an additional 12,181 shares during the last quarter. 77.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Park Aerospace Stock Up 1.2 %

Park Aerospace stock opened at $13.17 on Wednesday. The stock has a 50-day moving average price of $13.43 and a 200 day moving average price of $14.13. The company has a market capitalization of $262.41 million, a price-to-earnings ratio of 36.58 and a beta of 0.36. Park Aerospace Corp. has a 52 week low of $11.96 and a 52 week high of $15.57.

Park Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders 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 yield of 3.80%. The ex-dividend date is Wednesday, April 2nd. Park Aerospace’s payout ratio is 138.89%.

Park Aerospace 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.