Deutsche Bank AG Decreases Stock Position in Park Aerospace Corp. $PKE

Deutsche Bank AG lessened its holdings in Park Aerospace Corp. (NYSE:PKE) by 31.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,250 shares of the semiconductor company’s stock after selling 11,119 shares during the quarter. Deutsche Bank AG owned 0.12% of Park Aerospace worth $326,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PKE. BNP Paribas Financial Markets purchased a new position in shares of Park Aerospace in the 4th quarter valued at approximately $47,000. Tower Research Capital LLC TRC grew its position in Park Aerospace by 515.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,112 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 4,282 shares during the last quarter. Parvin Asset Management LLC acquired a new position in Park Aerospace during the 4th quarter valued at approximately $78,000. OLD National Bancorp IN purchased a new position in shares of Park Aerospace in the first quarter worth $149,000. Finally, GAMMA Investing LLC raised its holdings in shares of Park Aerospace by 1,513.1% in the first quarter. GAMMA Investing LLC now owns 14,405 shares of the semiconductor company’s stock worth $194,000 after buying an additional 13,512 shares during the last quarter. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Park Aerospace Price Performance

NYSE PKE opened at $18.93 on Friday. The company has a market capitalization of $375.93 million, a PE ratio of 55.69 and a beta of 0.45. The company has a fifty day moving average of $17.06 and a 200 day moving average of $14.76. Park Aerospace Corp. has a 1 year low of $11.97 and a 1 year high of $20.72.

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

Park Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, July 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.6%. Park Aerospace’s dividend 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 report on Monday, May 19th.

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.