BNP Paribas Financial Markets Acquires New Stake in Park Aerospace Corp. (NYSE:PKE)

BNP Paribas Financial Markets purchased a new position in Park Aerospace Corp. (NYSE:PKE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,205 shares of the semiconductor company’s stock, valued at approximately $47,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Parvin Asset Management LLC acquired a new position in Park Aerospace in the fourth quarter worth approximately $78,000. PDT Partners LLC acquired a new position in Park Aerospace in the fourth quarter worth approximately $238,000. Northern Trust Corp grew its position in Park Aerospace by 4.6% in the fourth quarter. Northern Trust Corp now owns 173,657 shares of the semiconductor company’s stock worth $2,544,000 after buying an additional 7,609 shares during the last quarter. Penn Capital Management Company LLC grew its position in Park Aerospace by 71.0% in the fourth quarter. Penn Capital Management Company LLC now owns 164,638 shares of the semiconductor company’s stock worth $2,412,000 after buying an additional 68,337 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Park Aerospace by 2.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 47,431 shares of the semiconductor company’s stock worth $695,000 after buying an additional 1,099 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

Park Aerospace Stock Performance

NYSE PKE opened at $13.82 on Wednesday. Park Aerospace Corp. has a twelve month low of $11.96 and a twelve month high of $15.57. The stock has a market cap of $275.36 million, a price-to-earnings ratio of 38.39 and a beta of 0.39. The firm’s 50 day moving average price is $13.31 and its two-hundred day moving average price is $14.00.

Park Aerospace (NYSE:PKE) last posted its quarterly earnings data on Thursday, May 15th. The semiconductor company reported $0.06 earnings per share for the quarter. Park Aerospace had a net margin of 11.90% and a return on equity of 7.02%. The firm had revenue of $16.94 million for the quarter.

Park Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Wednesday, April 2nd were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.62%. The ex-dividend date was Wednesday, April 2nd. Park Aerospace’s payout ratio is 172.41%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Park Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, May 19th.

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.