Vanguard Group Inc. Buys 6,646 Shares of Park Aerospace Corp. (NYSE:PKE)

Vanguard Group Inc. lifted its holdings in shares of Park Aerospace Corp. (NYSE:PKE) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,069,738 shares of the semiconductor company’s stock after buying an additional 6,646 shares during the quarter. Vanguard Group Inc. owned about 5.37% of Park Aerospace worth $15,672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Park Aerospace during the fourth quarter worth $132,000. Private Advisor Group LLC boosted its holdings in shares of Park Aerospace by 15.4% during the 4th 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 period. Nisa Investment Advisors LLC boosted its stake in Park Aerospace by 2,084.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 19,597 shares of the semiconductor company’s stock valued at $287,000 after purchasing an additional 18,700 shares during the period. LPL Financial LLC increased its position in Park Aerospace by 113.3% during the fourth quarter. LPL Financial LLC now owns 22,936 shares of the semiconductor company’s stock worth $336,000 after acquiring an additional 12,181 shares during the period. Finally, Barclays PLC boosted its stake in shares of Park Aerospace by 295.7% in 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 period. 77.83% of the stock is currently owned by institutional investors.

Park Aerospace Stock Down 0.1 %

Shares of PKE opened at $13.20 on Friday. The business has a 50-day simple moving average of $13.51 and a two-hundred day simple moving average of $14.12. Park Aerospace Corp. has a 12-month low of $11.96 and a 12-month high of $15.57. The stock has a market cap of $263.01 million, a PE ratio of 36.67 and a beta of 0.36.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings data on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. Park Aerospace had a return on equity of 7.02% and a net margin of 11.90%.

Park Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Wednesday, April 2nd. Park Aerospace’s payout ratio is 138.89%.

Wall Street Analyst Weigh In

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

About Park Aerospace

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.