JPMorgan Chase & Co. Raises Stock Position in Park Aerospace Corp. (NYSE:PKE)

JPMorgan Chase & Co. lifted its position in Park Aerospace Corp. (NYSE:PKE) by 112.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,203 shares of the semiconductor company’s stock after purchasing an additional 43,490 shares during the period. JPMorgan Chase & Co. owned 0.41% of Park Aerospace worth $1,204,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of Park Aerospace by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 208,834 shares of the semiconductor company’s stock worth $3,059,000 after buying an additional 887 shares in the last quarter. Private Advisor Group LLC lifted its stake in Park Aerospace by 15.4% in the fourth quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company’s stock worth $257,000 after acquiring an additional 2,335 shares during the period. Foundation Resource Management Inc. grew its holdings in Park Aerospace by 0.8% during the 4th quarter. Foundation Resource Management Inc. now owns 469,278 shares of the semiconductor company’s stock worth $6,875,000 after acquiring an additional 3,519 shares in the last quarter. Geode Capital Management LLC increased its position in Park Aerospace by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company’s stock valued at $5,502,000 after purchasing an additional 5,491 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Park Aerospace by 3.7% in the 4th quarter. Victory Capital Management Inc. now owns 179,494 shares of the semiconductor company’s stock valued at $2,630,000 after purchasing an additional 6,420 shares in the last quarter. 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 note on Wednesday, January 22nd.

Park Aerospace Trading Up 0.5 %

Shares of NYSE:PKE opened at $13.30 on Friday. The company has a market capitalization of $265.00 million, a PE ratio of 36.94 and a beta of 0.36. Park Aerospace Corp. has a 12-month low of $11.96 and a 12-month high of $15.57. The business’s fifty day simple moving average is $13.39 and its 200-day simple moving average is $14.13.

Park Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Wednesday, April 2nd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.50 annualized dividend and a yield of 3.76%. Park Aerospace’s dividend payout ratio (DPR) is presently 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.