Envestnet Asset Management Inc. Grows Stock Holdings in Park Aerospace Corp. (NYSE:PKE)

Envestnet Asset Management Inc. boosted its holdings in Park Aerospace Corp. (NYSE:PKE) by 33.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,889 shares of the semiconductor company’s stock after buying an additional 9,597 shares during the period. Envestnet Asset Management Inc. owned approximately 0.19% of Park Aerospace worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PKE. LPL Financial LLC grew its position in shares of Park Aerospace by 113.3% during the 4th quarter. LPL Financial LLC now owns 22,936 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 12,181 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Park Aerospace by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,069,738 shares of the semiconductor company’s stock valued at $15,672,000 after purchasing an additional 6,646 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Park Aerospace by 112.3% during the 4th quarter. JPMorgan Chase & Co. now owns 82,203 shares of the semiconductor company’s stock valued at $1,204,000 after purchasing an additional 43,490 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Park Aerospace by 0.8% during the 4th quarter. Wells Fargo & Company MN now owns 225,039 shares of the semiconductor company’s stock valued at $3,297,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Park Aerospace by 41.4% during the 4th quarter. Russell Investments Group Ltd. now owns 78,634 shares of the semiconductor company’s stock valued at $1,152,000 after purchasing an additional 23,010 shares in the last quarter. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

Park Aerospace Stock Performance

NYSE PKE opened at $18.15 on Wednesday. Park Aerospace Corp. has a 52-week low of $11.96 and a 52-week high of $20.72. The company has a market capitalization of $360.46 million, a P/E ratio of 53.38 and a beta of 0.45. The company has a fifty day moving average of $15.57 and a 200-day moving average of $14.34.

Park Aerospace (NYSE:PKE) last posted its quarterly earnings data on Tuesday, July 15th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter. Park Aerospace had a net margin of 10.98% and a return on equity of 7.60%. The company had revenue of $15.40 million during the quarter.

Park Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, July 1st. Park Aerospace’s payout ratio is currently 147.06%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered 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.