Russell Investments Group Ltd. Raises Stake in Park Aerospace Corp. (NYSE:PKE)

Russell Investments Group Ltd. boosted its stake in Park Aerospace Corp. (NYSE:PKE) by 41.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,634 shares of the semiconductor company’s stock after purchasing an additional 23,010 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.39% of Park Aerospace worth $1,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in shares of Park Aerospace by 76.5% in the third quarter. Jane Street Group LLC now owns 30,057 shares of the semiconductor company’s stock worth $392,000 after purchasing an additional 13,024 shares during the period. Barclays PLC grew its position in Park Aerospace by 295.7% during the third quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock worth $335,000 after buying an additional 19,213 shares in the last quarter. Geode Capital Management LLC increased its stake in Park Aerospace by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company’s stock worth $5,502,000 after acquiring an additional 5,491 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Park Aerospace by 19.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 49,869 shares of the semiconductor company’s stock worth $650,000 after acquiring an additional 8,045 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Park Aerospace by 295.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,713 shares of the semiconductor company’s stock valued at $504,000 after acquiring an additional 28,924 shares in the last quarter. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

Park Aerospace Price Performance

Shares of NYSE:PKE opened at $13.07 on Tuesday. Park Aerospace Corp. has a one year low of $11.96 and a one year high of $15.57. The firm has a market capitalization of $260.42 million, a price-to-earnings ratio of 36.31 and a beta of 0.36. The company’s fifty day moving average price is $13.46 and its 200-day moving average price is $14.14.

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 2nd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Wednesday, April 2nd. Park Aerospace’s payout ratio is currently 138.89%.

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.