Park Aerospace Corp. $PKE Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in shares of Park Aerospace Corp. (NYSE:PKE) by 15.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,037 shares of the semiconductor company’s stock after purchasing an additional 12,403 shares during the period. Russell Investments Group Ltd. owned about 0.46% of Park Aerospace worth $1,224,000 as of its most recent SEC filing.

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

Park Aerospace Price Performance

Park Aerospace stock opened at $18.93 on Friday. The stock has a fifty day moving average price of $17.06 and a two-hundred day moving average price of $14.76. Park Aerospace Corp. has a 52-week low of $11.97 and a 52-week high of $20.72. The firm has a market capitalization of $375.93 million, a P/E ratio of 55.69 and a beta of 0.45.

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

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 1st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, July 1st. Park Aerospace’s dividend payout ratio (DPR) is presently 147.06%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded 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.