Strs Ohio Has $513,000 Position in Park Aerospace Corp. (NYSE:PKE)

Strs Ohio lowered its holdings in Park Aerospace Corp. (NYSE:PKE) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,900 shares of the semiconductor company’s stock after selling 3,300 shares during the quarter. Strs Ohio owned about 0.17% of Park Aerospace worth $513,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PKE. SG Americas Securities LLC acquired a new stake in Park Aerospace in the 3rd quarter valued at $124,000. Copeland Capital Management LLC purchased a new position in Park Aerospace during the 3rd quarter worth $33,000. Roubaix Capital LLC boosted its holdings in Park Aerospace by 4.0% during the 3rd quarter. Roubaix Capital LLC now owns 429,926 shares of the semiconductor company’s stock worth $6,677,000 after acquiring an additional 16,460 shares during the last quarter. Cable Hill Partners LLC purchased a new position in Park Aerospace during the 3rd quarter worth $208,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Park Aerospace by 1,546.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 14,492 shares of the semiconductor company’s stock worth $225,000 after acquiring an additional 13,612 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Park Aerospace from a “buy” rating to a “hold” rating in a report on Friday, January 12th.

Park Aerospace Price Performance

PKE opened at $14.76 on Friday. The company has a market capitalization of $298.89 million, a price-to-earnings ratio of 31.40 and a beta of 0.45. Park Aerospace Corp. has a 1 year low of $11.91 and a 1 year high of $16.96. The firm’s fifty day moving average price is $15.34 and its two-hundred day moving average price is $14.97.

Park Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 2nd will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Monday, April 1st. Park Aerospace’s payout ratio is 106.38%.

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.