Wells Fargo & Company MN Purchases 1,764 Shares of Park Aerospace Corp. (NYSE:PKE)

Wells Fargo & Company MN lifted its position in shares of Park Aerospace Corp. (NYSE:PKE) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,039 shares of the semiconductor company’s stock after buying an additional 1,764 shares during the quarter. Wells Fargo & Company MN owned approximately 1.13% of Park Aerospace worth $3,297,000 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 purchased a new stake in Park Aerospace in the fourth quarter worth about $132,000. Private Advisor Group LLC lifted its position in shares of Park Aerospace by 15.4% in the 4th quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company’s stock worth $257,000 after purchasing an additional 2,335 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Park Aerospace by 2,084.7% during the fourth 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 in the last quarter. Barclays PLC boosted its stake in shares of Park Aerospace by 295.7% during the third quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock valued at $335,000 after purchasing an additional 19,213 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Park Aerospace by 113.3% during the fourth quarter. LPL Financial LLC now owns 22,936 shares of the semiconductor company’s stock valued at $336,000 after buying an additional 12,181 shares during the period. Institutional investors own 77.83% of the company’s stock.

Park Aerospace Price Performance

PKE opened at $13.17 on Wednesday. The firm has a market capitalization of $262.41 million, a PE ratio of 36.58 and a beta of 0.36. The business’s 50-day moving average is $13.43 and its two-hundred day moving average is $14.13. Park Aerospace Corp. has a 1 year low of $11.96 and a 1 year high of $15.57.

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 given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Wednesday, April 2nd. Park Aerospace’s payout ratio is currently 138.89%.

Analyst Ratings Changes

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

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.