Bank of America Corp DE Has $367,000 Position in Park Aerospace Corp. (NYSE:PKE)

Bank of America Corp DE reduced its holdings in Park Aerospace Corp. (NYSE:PKE) by 20.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,046 shares of the semiconductor company’s stock after selling 6,612 shares during the period. Bank of America Corp DE owned approximately 0.13% of Park Aerospace worth $367,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. BNP Paribas Financial Markets acquired a new stake in Park Aerospace in the fourth quarter worth $47,000. Tower Research Capital LLC TRC increased its position in shares of Park Aerospace by 515.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,112 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 4,282 shares in the last quarter. Parvin Asset Management LLC bought a new stake in shares of Park Aerospace during the fourth quarter worth $78,000. Petros Family Wealth LLC bought a new stake in shares of Park Aerospace during the fourth quarter worth $150,000. Finally, PDT Partners LLC bought a new stake in shares of Park Aerospace during the fourth quarter worth $238,000. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Park Aerospace Stock Down 1.0%

Shares of PKE stock opened at $13.96 on Friday. The firm has a fifty day moving average of $13.45 and a 200-day moving average of $13.97. Park Aerospace Corp. has a 12-month low of $11.96 and a 12-month high of $15.57. The company has a market capitalization of $278.15 million, a price-to-earnings ratio of 38.78 and a beta of 0.39.

Park Aerospace (NYSE:PKE) last released its earnings results 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 business had revenue of $16.94 million during the quarter.

Park Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Tuesday, July 1st. Park Aerospace’s dividend payout ratio is presently 172.41%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded 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.