Martingale Asset Management L P Buys 1,201 Shares of Park Aerospace Corp. (NYSE:PKE)

Martingale Asset Management L P lifted its stake in Park Aerospace Corp. (NYSE:PKEGet Rating) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,512 shares of the semiconductor company’s stock after acquiring an additional 1,201 shares during the period. Martingale Asset Management L P owned approximately 0.10% of Park Aerospace worth $263,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PKE. Invesco Ltd. boosted its holdings in shares of Park Aerospace by 620.5% in the first quarter. Invesco Ltd. now owns 695,629 shares of the semiconductor company’s stock worth $9,078,000 after acquiring an additional 599,080 shares during the period. River Road Asset Management LLC boosted its stake in Park Aerospace by 41.4% during the first quarter. River Road Asset Management LLC now owns 1,236,680 shares of the semiconductor company’s stock valued at $16,139,000 after buying an additional 361,992 shares during the period. Vanguard Group Inc. boosted its stake in Park Aerospace by 4.0% during the first quarter. Vanguard Group Inc. now owns 1,312,890 shares of the semiconductor company’s stock valued at $17,133,000 after buying an additional 50,777 shares during the period. Brandes Investment Partners LP boosted its stake in Park Aerospace by 6.3% during the first quarter. Brandes Investment Partners LP now owns 848,649 shares of the semiconductor company’s stock valued at $11,075,000 after buying an additional 50,254 shares during the period. Finally, Roubaix Capital LLC boosted its stake in Park Aerospace by 10.5% during the second quarter. Roubaix Capital LLC now owns 390,677 shares of the semiconductor company’s stock valued at $4,985,000 after buying an additional 37,002 shares during the period. 89.80% of the stock is owned by institutional investors.

Park Aerospace Stock Up 1.9 %

Shares of PKE stock opened at $13.64 on Thursday. The business has a 50-day moving average price of $11.64 and a two-hundred day moving average price of $11.95. Park Aerospace Corp. has a 12-month low of $10.08 and a 12-month high of $14.21. The firm has a market cap of $279.21 million, a P/E ratio of 37.89 and a beta of 0.64.

Park Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 4th. Shareholders of record on Monday, October 3rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, September 30th. Park Aerospace’s dividend payout ratio (DPR) is currently 111.11%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Park Aerospace in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

Park Aerospace Company Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Park Aerospace (NYSE:PKE)

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