Tudor Investment Corp Et Al Decreases Holdings in Park Aerospace Corp. (NYSE:PKE)

Tudor Investment Corp Et Al cut its holdings in shares of Park Aerospace Corp. (NYSE:PKE – Get Rating) by 9.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,227 shares of the semiconductor company’s stock after selling 4,119 shares during the quarter. Tudor Investment Corp Et Al owned approximately 0.20% of Park Aerospace worth $444,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors increased its position in shares of Park Aerospace by 277.2% during the 1st quarter. Captrust Financial Advisors now owns 2,139 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 1,572 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Park Aerospace by 1,310.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,372 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 3,133 shares during the last quarter. FMR LLC increased its position in shares of Park Aerospace by 542.8% during the 2nd quarter. FMR LLC now owns 3,709 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 3,132 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of Park Aerospace during the 2nd quarter worth $70,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Park Aerospace by 535.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,834 shares of the semiconductor company’s stock worth $89,000 after acquiring an additional 5,758 shares during the period. 86.35% of the stock is owned by hedge funds and other institutional investors.

Park Aerospace Stock Performance

PKE stock opened at $14.98 on Wednesday. The company has a market capitalization of $306.64 million, a price-to-earnings ratio of 38.41 and a beta of 0.57. Park Aerospace Corp. has a fifty-two week low of $10.08 and a fifty-two week high of $16.92. The stock has a fifty day moving average of $14.44 and a 200-day moving average of $12.76.

Park Aerospace (NYSE:PKE – Get Rating) last posted its quarterly earnings results on Thursday, January 5th. The semiconductor company reported $0.12 earnings per share for the quarter. Park Aerospace had a return on equity of 6.09% and a net margin of 15.05%. The company had revenue of $13.87 million during the quarter.

Park Aerospace Announces Dividend

The business also recently announced a None dividend, which will be paid on Thursday, April 6th. Shareholders of record on Thursday, March 9th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. Park Aerospace’s dividend payout ratio is currently 102.56%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. StockNews.com upgraded Park Aerospace from a “hold” rating to a “buy” rating in a research note on Tuesday. TheStreet upgraded Park Aerospace from a “c+” rating to a “b” rating in a research note on Friday, November 25th.

Park Aerospace Company Profile

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Park Aerospace Corp. engages in the provision of solution and hot-melt advanced composite materials. Its products are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, unmanned aerial vehicles or drones, business jets, general aviation aircraft, and rotary wing aircraft.