Park Aerospace (NYSE:PKE) Share Price Crosses Above Two Hundred Day Moving Average of $12.67

Shares of Park Aerospace Corp. (NYSE:PKE – Get Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.67 and traded as high as $12.85. Park Aerospace shares last traded at $12.80, with a volume of 126,832 shares changing hands.

Park Aerospace Stock Performance

The stock has a market cap of $261.86 million, a PE ratio of 34.60 and a beta of 0.62. The business has a 50-day moving average of $12.35 and a 200 day moving average of $12.67.

Park Aerospace (NYSE:PKE – Get Rating) last released its quarterly earnings results on Thursday, July 7th. The semiconductor company reported $0.09 EPS for the quarter. Park Aerospace had a return on equity of 5.79% and a net margin of 14.46%. The firm had revenue of $12.78 million for the quarter.

Park Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 4th. Shareholders of record on Friday, July 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.13%. The ex-dividend date was Thursday, June 30th. Park Aerospace’s dividend payout ratio (DPR) is 108.11%.

Hedge Funds Weigh In On Park Aerospace

Several hedge funds have recently modified their holdings of the company. Roubaix Capital LLC grew its stake in Park Aerospace by 10.5% during the 2nd quarter. Roubaix Capital LLC now owns 390,677 shares of the semiconductor company’s stock valued at $4,985,000 after acquiring an additional 37,002 shares in the last quarter. TD Asset Management Inc. grew its stake in Park Aerospace by 8.6% in the 2nd quarter. TD Asset Management Inc. now owns 15,100 shares of the semiconductor company’s stock valued at $193,000 after buying an additional 1,200 shares during the last quarter. Van ECK Associates Corp bought a new stake in Park Aerospace during the 2nd quarter valued at approximately $70,000. Victory Capital Management Inc. increased its position in Park Aerospace by 2.4% during the second quarter. Victory Capital Management Inc. now owns 84,300 shares of the semiconductor company’s stock worth $1,076,000 after acquiring an additional 1,971 shares during the period. Finally, Ellevest Inc. grew its position in Park Aerospace by 17.7% during the second quarter. Ellevest Inc. now owns 10,921 shares of the semiconductor company’s stock worth $139,000 after buying an additional 1,642 shares in the last quarter. 81.19% of the stock is currently owned by institutional investors and hedge funds.

Park Aerospace Company Profile

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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.